Eid al-Adha set to give a boost to Turkey's leather sector
Hides collected during Eid al-Adha provide roughly $800 million of economic momentum to Turkey's high-value leather and fur sector, TRT Haber Ekonomi reports. The holiday period marks one of the year's biggest inflows of raw material for the industry.
Eid al-Adha is one of the most important sources of raw material of the year for Turkey's leather sector, TRT Haber Ekonomi reports. Hides collected during the holiday are said to provide roughly $800 million of economic contribution to the high-value leather and fur industry.
The report stresses that the domestic raw hides entering the market over the holiday reduce reliance on imported material and offer the sector a cost advantage. Processing the collected hides feeds a range of sub-sectors, notably footwear, clothing and leather goods.
Industry representatives say proper collection and processing could lift that contribution further. TRT Haber Ekonomi notes that this seasonal inflow also matters for Turkey's leather exports.
More from Europe
Turkish Defence Ministry announces mobilisation drill to test plans and procedures
Turkey's Defence Ministry said it will run a nationwide mobilisation drill to test plans and procedures. The exercise aims to strengthen interagency coordination and assess operational readiness, the ministry said.
Post Office investigation could be delayed by five years, police warn
The commander leading the UK's national police inquiry into the Post Office scandal says the investigation team would need to double in size to meet its current timeline. Without that, he warns, the process could be delayed by up to five years.
Turkish Finance Minister Simsek: Technology will lift Turkey up the value chain
Turkish Treasury and Finance Minister Mehmet Simsek said technology investments will move the country up the value chain and lift its competitiveness. Simsek said digital transformation is also the key to a structural reduction in the current-account deficit.