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Real estate professionals say Istanbul is the tops for investment

Istanbul, 2 February 2012 - For the second year running a survey conducted by PwC (PricewaterhouseCoopers) and the Urban Land Institute has placed Istanbul as the top European city to invest in commenting “Turkey's appeal is based on a long-term view of the future". 600 European real estate professional were...

Posted on 02 February 2012

8 Turkish banks in the top 500 for global brand value

Ankara, 1st February 2012 - Unlike European banks, Turkish banks had a very good profitable year in 2011 with profits reaching nearly 12 billion USD.  In a recent report by Brand Finance, a London based brand valuation consultancy, eight Turkish banks were rated in the top global 500 for brand...

Posted on 01 February 2012

Turkey’s tourism income up by 10 percent

Istanbul, 31 January 2012 - According to Turkish Statistical Institute Turkey’s tourism income rose by over 10 percent in 2011 (from 2010) reaching 23 billion USD. The UN World Tourism Organization ranks Turkey seventh in the world for the most visited destination. With the number of visitors to Turkey increasing...

Posted on 31 January 2012

Turkey’s exports expected to increase 11.4 percent in 2012

Istanbul, 26 January 2012 - According to Mr Mehmet Buyukeksi, Chairman of the Turkish Exporters Assembly, Turkey’s exports should reach 150 billion USD in 2012. In the first 25 days of 2012 Turkey’s exports increased by over 13 percent compared to the same period of 2011. “2012 will be a...

Posted on 27 January 2012

Gazipasa Airport to Offer “Large Array” of 2012 Flights

We have the latest from Gazipasa airport in Alanya, and while it unfortunately contains no news of direct UK flights, we can tell you that the airport is set to bring online a much wider array of flights in 2012. Our contact, Murat Sen, a spokesperson for airport operators TAV...

Posted on 27 January 2012

Reciprocity Bill Drafted and Up for Discussion

The Turkish government has just finished drafting a new bill to further open up the property market to foreign buyers, as well as making purchases easier for foreigners. The most important thing in the bill is that it is set to end the reciprocity requirement on foreign purchases, thereby allowing...

Posted on 26 January 2012

US company NCR looks at Turkey as a potential regional base

23 January 2012, Istanbul - NCR the US technology has identified Turkey as its potential regional headquarters. Commenting on a forthcoming visit to Turkey Mr Bill Nuti, the NCR CEO said, “Engineering and call centre investments in Turkey are on the agenda. In order to provide new and better solutions...

Posted on 24 January 2012

Turkey’s Foreign Direct Investment up 70% in 2011

19 January 2012, Gaziantep - Speaking in the SE city of Gaziantep, Mr Ilker Ayci, President of Turkey’s 'Investment Support and Promotion Agency', said “Turkey has attracted 70 percent more FDI in the first 11 months of 2011 over the same period of the preceding year, reaching USD 12.1 billion”...

Posted on 19 January 2012

US company invests in southeastern Turkey

17 January 2012, Istanbul - According Martin Carver, the Chief Executive of the US based MG Consulting, investing in Turkey is more profitable than investing in China or Europe “I see no economic growth in European markets. That is why I would rather invest in Turkey” said Carver. Carver is...

Posted on 18 January 2012

Major UK pharmaceutical company to locate regional HQ in Istanbul

16 January 2012, Istanbul – GlaxoSmithKline (GSK) a leading UK pharmaceutical company is moving its Middle Eastern and African operations to Istanbul. This new Istanbul regional headquarters will be responsible for the operations in 30 countries within GSK markets. Commenting on the move, Asia Pacific and Emerging Markets Director of...

Posted on 17 January 2012