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Istanbul is a City Undergoing Transformation

Beyoglu is one of Istanbul's oldest districts and is a romantic glimpse into the past of this ancient city. However Istanbul is changing fast in order to deal with the economic expansion of the country, and although some people may be worried it's losing its identity, it is becoming a...

Posted on 15 March 2012

All Turkish students to get free tablet PCs

Istanbul, 13 March 2012 - Turkey’s new education project to provide every elementary school student with tablet PCs and all classrooms with electronic boards should create a market of over 7 billion USD over the next 4 years according to Nihat Ergun, Turkey’s Minister of Science, Industry and Technology. Called...

Posted on 13 March 2012

French company buys shares in Turkish airport operator

Istanbul, 12 March 2012 – Owners of Istanbul’s Ataturk Airport operator, TAV Airports, has sold 38% to the French airport operator, French Aeroports de Paris, The total deal is worth over 870 million USD. TAV operates 10 airports, four in Turkey (Istanbul Ataturk, Izmir, Ankara and Gazipasa), two in Georgia,...

Posted on 12 March 2012

Urban Renewal Programme Under Starter’s Orders

Turkey is about to embark on a $100 billion urban renewal programme, which will reinforce or demolish buildings susceptible to earthquakes. It's due to begin in Istanbul in either April or May, and the transformation will encompass four major districts within the province. The bill for the project was recently...

Posted on 10 March 2012

Microsoft COO says “..Turkey is doing a good job…”

Istanbul, 9 March 2012 - According to Kevin Turner, Microsoft Chief Operations Officer, Turkey has great potential. On a recent visit to Istanbul Turner said “Turkey’s potential as one of the fastest growing economies is well-recognized around the world. Microsoft Turkey is doing a good job in assisting Turkey’s growth...

Posted on 09 March 2012

31 million 3G telephone users in Turkey

Istanbul, 8 March 2012 - Turkey’s leading telecom companies Avea, Turk Telekom, Vodafone and Turkcell, have sales revenue in excess of 15 billion USD. The total number of mobile subscribers in Turkey has reached over 65 million subscribers with those using 3G networks were over 31 million. The use of...

Posted on 09 March 2012

Turkey’s car industry launches new vehicle at the 2012 Geneva Motor Show

Istanbul, 7 March 2012 - Turkey launches its new Turkish designed, engineered and manufactured vehicle, the Karsan VI taxi, at the 82nd Geneva Motor Show. The V1 taxi was one of the finalists in New York’s recent tender for New York’s “Taxi of Tomorrow”, narrowly losing out to Nissan in...

Posted on 09 March 2012

Olu Deniz Voted Best Beach Spot in Europe

Tripadvisor.co.uk has just revealed its latest list of the world's top 25 beach holiday locations, and Olu Deniz is once again rated highly. The gorgeous Turkish lagoon bay is in 14th place, which is good enough, but it is also the highest rated European destination, which is even better. This...

Posted on 09 March 2012

Turkey – a future world leader ?

Istanbul, 6 March 2012 - According to Jean Guy Carrier, Secretary General of International Chamber of Commerce, Turkey is likely to become one of the world’s leading countries because of its rapidly growing economy. Speaking at a recent G20 Advisory Group meeting hosted by the Union of Chambers and Commodity...

Posted on 07 March 2012

Turkey’s research and development on the up

Istanbul, 5 March 2012 - Nihat Ergun, Turkey’s Minister of Science, Industry and Technology, expects Turkey to spend 3 percent of GDP on research and development by 2023, the year of Turkey’s centennial. Speaking recently Ergun said “The percentage of Turkey’s GDP allocated to R&D expenditure is steadily rising and...

Posted on 07 March 2012