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Swiss chocolate manufacturer increases Turkish investment & production

28 September 2011, Turkey - Nestle, the Swiss based chocolate manufacturer intends to increase its business in the low cost sweet and chocolate market in Turkey according to Devrim Cobek, Nestle’s Business Executive Manager of Nestlé Turkey’s Confectionery Business Unit. Nestle purchased a 51% share in Turkey’s Balaban Gida company...

Posted on 28 September 2011

Turkey Property News Roundup September

Here is a roundup of some of the biggest stories in the world of Turkish property this month as seen from the eyes of Spot Blue. Turkey Proposes Dropping Reciprocity in Property Sales People can currently buy property in Turkey from any country in the world, apart from those countries...

Posted on 28 September 2011

Turkey tops G20 for job creation over last 3 years

27 September 2011, Turkey – According to a recent ILO (International labour Organisation) report over the last 3 years Turkey sits on top of the G20 list for job creation ( Q1 2008 to Q1 2011). The report, produced in conjunction with OECD (Organisation for Economic Co-operation and Development), reported...

Posted on 27 September 2011

Working with Turkey will be very profitable says Turkish Prime Minister

26 September 2011, Turkey - Speaking from New York Turkey’s Prime Minister Recep Tayyip Erdogan said that businesses working with or investing in Turkey will benefit greatly from it. Erdogan said “We (Turkey) made many reforms, especially sector and company specific micro reforms, to increase Turkey’s competitive advantage in the world,...

Posted on 26 September 2011

Easyjet Launches New Flights to Ever-Popular Dalaman

The continued popularity of Dalaman has been testified to again by Easyjet, which has just announced a new route from Edinburgh to Dalaman starting from next April, which is one of 5 new routes by the airline. This will come as good news to those in Edinburgh and surrounding areas....

Posted on 23 September 2011

Thirty nine new five star hotels in Istanbul

22 September 2011, Turkey – According to new report by Turkey’s TUROB (Touristic Hotels and Investors Association) hoteliers are flocking to Istanbul and currently there approximately 100 new hotels under construction in there. TUROB President Timur Bayindir said “The wave of new hotel investments in the city will add a...

Posted on 22 September 2011

Sizing Up Investment in Turkish Property

When it comes to overseas property investment in 2011, we have the good, the bad and the ugly. Well, actually we have the hard hit markets that are now recovering, the hard hit markets that are refusing to recover, the latecomers to the crisis that are still on their descent,...

Posted on 22 September 2011

S&P upgrades Turkish credit rating

21 September 2011 - The international credit rating agency S&P (Standard & Poor’s) has upgraded Turkey’s local currency rating to the investable rating of BBB-/A-3. Commenting on the upgrade S&P’s analysts Frank Gill and Leila Butt said “The local-currency upgrade reflects our view of continuing improvements in Turkey’s financial sector...

Posted on 21 September 2011

Volkswagen Group to increase manufacturing in Turkey

20 September 2011 - Germany’s MAN commercial vehicles manufacturer, part of Germany’s Volkswagen Group, has decided to make Turkey a research and development centre. MAN, which has been in Turkey for 45 years, is also increasing its bus manufacturing lines. During a recent visit to Turkey to celebrate the 45...

Posted on 20 September 2011

Ankara gets new Swedish H&M store

19 September 2011 - H&M the renowned Swedish clothing store opened its first Ankara store on Saturday, H&M's seventh store in Turkey. The first Ankara H&M concept store is located in the CEPA shopping mall, H&M will also be opening its second Ankara store on September 24th in the Gordion...

Posted on 19 September 2011