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E-commerce giant Amazon invests in Turkey

22 December 2011, Istanbul - Amazon the US e-commerce giant has entered the Turkish market and acquired a interest in Ciceksepeti.com a Turkish online flower delivery company. Emre Aydin the General Manager of Ciceksepeti.com said “Amazon’s lead in technology and online marketing will be beneficial for our growth in 2012”...

Posted on 23 December 2011

Malaysian company to invest in one of Turkey’s leading hospital groups

15 December 2012, Istanbul - Over the last few years Turkey’s healthcare sector has attracted significant interest for global investors from both East and West. Several major Turkish healthcare companies, for example, Universal Healthcare Group, Medical Healthcare and Memorial Healthcare Group have already attracted partnership or buy ours from major...

Posted on 15 December 2011

Turkey Continues to Impress for all the Right Reasons

It is no surprise that foreign direct investment is flooding into Turkey, because unlike many countries at the moment, there is no reason to be scared of investing. Turkey is in Europe, but not in the Eurozone and has been growing strongly throughout the European financial crisis. Even now as...

Posted on 09 December 2011

Turkey’s university entrepreneurs to get help from Intel

8 December 2011, Ankara - In 2012, Intel, the worlds largest chip manufacturer, is launching a new initiative to help young Turkish university entrepreneurs. Intel is not new to the principle and has previously helped METU (Turkey’s Middle East Technical University) set up their new R&D labs through supplying equipment,...

Posted on 08 December 2011

The next Apple may come from Turkey

5 December 2011, Istanbul - “The next Steve Jobs may well be a Turk” said the US Vice President Joe Biden speaking during the 2nd Global Entrepreneurship Summit in Istanbul. Biden said “I was not surprised to hear our (US) Ambassador to Ankara saying that the next Steve Jobs may...

Posted on 05 December 2011

New Flights to China Boost Istanbul Ataturk Airport

Last week saw Istanbul Ataturk's already award-winning global destination coverage increased further, when China Southern announced new flights to the airport from Beijing via Urumqi in the northwest. The flights start running Tuesdays, Fridays and Saturdays, served by 191 seat 757-200s. However, there are plans to expand on this quickly...

Posted on 02 December 2011

Turkey supplies to European aerospace company

1 December 2011, Ankara - Eurocopter, the Franco German Spanish aerospace company, has picked Turkish made imaging systems and fire and control systems are to be fitted to their EC-635 helicopters. Thomas Hein, Eurocopter’s VP, recent said “Turkish defense products are cost effective, high quality, and come free of export...

Posted on 01 December 2011

Nestle goes on investing in Turkey

29 November 2011, Ankara - According to Nestle Turkey’s CEO, Mr Hans Ulrich Mayer, Turkey has been a great place to invest - “Turkey has been the recipient of several Nestlé investments many times greater than we invest in other markets” reported Mayer. Nestle has invested about 500 million USD...

Posted on 29 November 2011

Southern Turkey opens largest Eastern Med marina

29 November 2011, Ankara - Mr Binali Yildrim, the Turkish Minister of Transportation, Maritime and Communications has opened the largest Eastern Med yacht marina in the southern Turkish town of Mersin. The marina has cost 100 million TRY (About 54 million USD) and can berth up to 1,000 boats. Mr...

Posted on 29 November 2011

Fitch Affirms Turkey at BB+

Fitch Ratings has affirmed Turkey's rating at BB+ one step away from investment grade, despite revising the country's long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Positive. The agency also affirmed Turkey's Short-term foreign currency IDR at 'B' and Country Ceiling at 'BBB-'. "The revision of...

Posted on 23 November 2011