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Italian chocolate maker Ferrero Group decides on Turkey

Istanbul, 2 March 2012 – Ferrero Group, the global Italian chocolate maker, has announced a 95 million Euro investment in Turkey. The factory to be built in Manisa in Western Turkey on a 146,000 m2 plot will be Ferrero’s 19 production plant worldwide. The factory is due to come on...

Posted on 07 March 2012

Arab bank granted new Turkish banking license

Istanbul, 1 March 2012 - It has been announced Lebanese bank, Bank Audi, has become the first bank in eleven years to get a Turkish license, and according to Wissam H. Fattouh Secretary General of the Union of Arab Banks the first of many, “I assume there will be more...

Posted on 02 March 2012

Turkish News Roundup February 2011

New Flights February saw the addition of two new Turkish flights. Rusline announced new twice weekly flights between Nalchik and Istanbul Sabiha Gocken. Turkish Airlines continued their expansion with new indirect flights to Mogadishu in Somalia via Khartoum. Business/Investment February saw two major global firms make Turkey their regional hub....

Posted on 02 March 2012

Strong international M&A activities in Turkey

Istanbul, 29 February 2012 - According to the 2011 Ernst & Young’s Mergers and Acquisitions report 272 mergers or acquisitions took place in Turkey in 2011 with a total value of 13.7 billion USD. Only one country exceeded Turkey in the value of transactions in the central and south-eastern Europe...

Posted on 02 March 2012

Turkey’s Foreign Trade Deficit Falls by 4.7% in January

Turkey's foreign trade deficit fell by 4.7% year on year in January to $7 billion, according to the Turkish statistics bureau. The figures were welcome news especially as exports increased by 8.6% year on year to reach $10.4 billion, whereas imports rose by a mere 2.8% to reach $17.4 billion,...

Posted on 01 March 2012

Turkey one of the first to have Vodafone’s new mobile phone payment system

Istanbul, 28 February 2012 - At the Mobile World Congress 2012 held in Barcelona in Spain, Vittorio Colao, Vodafone CEO, announced that Turkey is one of five countries to introduce Vodafone's new "Near Field Communications" system which brings a new generation of credit card payments to the mobile phone. Talking...

Posted on 29 February 2012

Super rich Mexican looking for investments in Turkey

Istanbul, 27 February 2012 - The world’s richest man, (According to Forbes) Mexico’s Carlos Helu is actively looking for investment deals in Turkey describing Turkey as “the shining star of the globe”. At the recent the Turkish - Mexican Business Forum held in Mexico City, Rifat Hisarcıklıoglu, President of Turkey’s...

Posted on 29 February 2012

Top of The Props February 2012

As regular readers will know we collate data on the most popular properties on our website, based on which properties are the most viewed by our users. The data continues to reveal an interesting if not altogether surprising trend; people are no longer simply after the cheapest property in Turkey,...

Posted on 25 February 2012

Internet investors looking at Turkey

Istanbul, 24 February 2012 - Turkey’s online sector is attracting the eyes of the investors with a range of global companies buying in Turkey; South Africa's Naspers has taken a majority stake in the e-commerce site Markafoni; eBay has bought online marketplace GittiGidiyor; Amazon.com has taken a stake in the...

Posted on 24 February 2012

Is the EU missing out by its attitude toward Turkey?

Istanbul, 23 February 2012 - Mr Egemen Bagis, Turkey's EU Minister, speaking at the 68th Meeting of Turkey - EU Joint Parliament Commission being in Istanbul said 2012 will be a tough year for Turkey’s EU membership process because Greek Cyprus would be the president of the rotating EU Presidency...

Posted on 24 February 2012