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Turkish company given role in developing new generation Fiat vehicles

Istanbul, 10th April 2012 - Tofas, one of Turkey’s leading automotive companies will take up the role as Fiat’s research and development centre for Europe, the Middle East and Africa. Tofas is a joint venture between Turkey’s leading Koc Holding’s company and Fiat, Italy’s largest automotive manufacturer. The company has...

Posted on 13 April 2012

Goldman Sachs invests 240 million USD in Turkey

Istanbul, 10th April 2012 - Goldman Sachs, the global investment and securities company,  has bought a 13.3 percent share in Aksa Enerji a subsidiary Kazanci Holding. The deal worth 240 million USD had an immediate effect on the company driving the value of the company up to 1.8 billion USD....

Posted on 13 April 2012

Turkey announces new investment incentives

Ankara, 7th April 2012 - Turkey’s Prime Minister, Recep Tayyip Erdogan, has announced a new incentive scheme to help foreign and local investments aimed at encouraging local manufacturing and reducing the demand for imported goods. The emphasis is to support the underdeveloped regions of Turkey especially in poorer eastern and...

Posted on 13 April 2012

Mercedes Benz picks the Turkish Lira for trade

Istanbul, 6th April 2012 - Because of the Eurozone problems and the strength of the Turkish Lira, Mercedes-Benz has decided to adopt the Turkish Lira for its trade with Turkey thus underlining Turkey’s growing financial importance. Mercedes is one of the first global companies to use the Turkish Lira for...

Posted on 13 April 2012

US company looks at a coal gasification plant in Turkey

Istanbul, 5 April 2012 - US based Energy Allied International is assessing a gasification plant in Turkey according to Mike Nassar, Allied’s CEO. Because Turkey little in the way of oil and gas reserves lignite gasification offers Turkey a way of reducing its reliance on imported fuels, commenting on the...

Posted on 13 April 2012

Turkish Ford Motor Company JV has shipped 100,000 vehicles to US

Istanbul, 4 April 2012 - Ford Otosan has announced it has shipped its 100,000 Ford Transit Connect taxi back to its home country – the US. The Connect is a taxi cab and used in Boston, Chicago, Las Vegas, Los Angeles, New York City, Orlando and San Francisco. Source: Invest...

Posted on 13 April 2012

Belek at top of golf’s leader board

Antalya, 3 April 2012 – Belek on Turkey’s southern Mediterranean coast has received the “Best Golf Destination” from two of golf’s leading publications – Golf Journal and Golf Magazine. The award is assessed on a variety of measures including quality of courses and accommodation. Belek, approximately 20 minutes drive from...

Posted on 13 April 2012

Turkey just keeps growing

Istanbul, 2 April 2012 - According to data recently released from the Turkish Statistical Institute, Turkey’s growth reached 8.5 percent in 2011 bringing the average over the last 2 years to nearly 9 percent and a 10 year average to 5.4 percent. Turkey’s per capita GDP also increased in 2011...

Posted on 13 April 2012

Antalya still the hot spot for property buyers

Antalya, 30 March 2012 – Antalya again leads the field for international property buyers in Turkey. According to data released from the Land Registry Directorate, 42,000 foreigners have bought property in the Antalya region with the Mugla region coming second with over 20,000 foreigners property buyers. Turkey’s has a total...

Posted on 13 April 2012

Turkey’s gas distribution privatisation attracting international investors

Istanbul, 29 March 2012 - The 80 percent privatisation of Baskent Dogalgaz, Turkey’s second largest gas distribution company and supplier to Ankara area, is attracting strong international interest. Partnering local companies, Turkish China’s ENN Group and a Saudi based investment fund are amongst the leaders. According to the Acting President...

Posted on 13 April 2012