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New Incentives Bring New Wave of FDI to Turkey

The latest round of investment incentives has paid off in Turkey, as according to reports another wave of major investment is headed for the strategically important emerging market. İlker Aycı, President of the Investment Support and Promotion Agency of Turkey (ISPAT) told a press conference that a big North American...

Posted on 20 September 2012

Kuwaiti and South Korean companies join forces to invest in Turkey’s solar power

Istanbul, 15 September 2012 - A group of South Korean companies, CX Concentrix Solar Korea, Kincoa and KEPCO have joined force with a Kuwaiti company, As Yatırım, to build a 150 MW solar power plant costing about 450 million USD. As Yatırım’s CEO and partner, Ugur Akkus, said “We plan...

Posted on 18 September 2012

Foreign direct investment into Turkey continues apace

Istanbul, 13 September 2013 - According to recently released data foreign direct investment to Turkey was 8.9 billion USD to the end of July 2012, of which over 75 percent originated from Europe with the UK being the largest with nearly 2 billion USD. Commenting on the performance, Zafer Caglayan,...

Posted on 18 September 2012

Turkey increasing component supplies to Airbus

Istanbul, 12 September 2012 - Turkish aerospace companies are playing an increasing role in supplying aircraft parts and components to Airbus’ various military and civil projects. Joint ventures signed between the Turkish aircraft industry and Airbus is creating 2,500 new jobs and is likely to be worth 2.4 billion USD....

Posted on 18 September 2012

South Korean bank to open office in Turkey

Istanbul, 11 September 2012 - Speaking at a recent press conference, Yun Yong-ro, CEO of Korea Exchange Bank, said the bank is considering applying for banking licence in Turkey, If it goes ahead it will be the South Korea’s first bank to establish a bank in Turkey. Korea Exchange Bank...

Posted on 18 September 2012

Turkey Discusses the Trans-Caspian Pipeline

Senior officials from Azerbaijan, the European Union, Turkey and Turkmenistan recently met to discuss the Trans-Caspian gas pipeline that will deliver gas to Europe through Azerbaijan and Turkey. The main aim of the project is to reduce Europe's dependence on Russian gas, and Turkmenistan is also trying to diminish its...

Posted on 14 September 2012

Turkey to Become EBRD’s Second Biggest Investment Destination

The European Bank for Reconstruction and Development (EBRD) plans to invest 1 billion euros ($1.3 bln) in Turkey next year, predicting demand for finance will grow, especially in the agribusiness and renewable energy sectors. According to Suma Chakrabarti, the bank's president Turkey is set to overtake the Ukraine as its...

Posted on 13 September 2012

Shale gas exploration starts in Turkey

Istanbul, 5 September 2012 - TPAO,Turkey’s state owned oil company, in conjunction with Shell has begun exploring for shale gas in the Anatolian province of Turkey. At a recent meeting with Taner Yildiz, Turkey’s Minister of Energy, Shell CEO Peter Voser said “Shell is pleased to work with TPAO on...

Posted on 12 September 2012

Turkish tractor manufacturer awarded first green ISO certification in Turkey

Istanbul, 3 September 2012 - Turk Traktor has become the first company in Turkey to be awarded ISO 14064 Greenhouse Gas Emissions quality certification and ISO 50001 Energy Management certification. Turk Traktor is a joint venture between Koc Holding, the leading Turkish conglomerate, and Italy’s CNH which was formed in...

Posted on 11 September 2012

Turkish Economy Soldiers on on Diversified Export Markets

Analysts predict that Turkey will have avoided the slowdown seen by most western European economies in the second quarter, as firms diversified their exports away from Europe into Africa and the Middle East to generate, which also helped to bring about a 12%+ growth in exports for the first seven...

Posted on 08 September 2012