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Turkey’s southern city of Antalya reports 13 percent increase in tourists

31 August 2011 - The Antalya office of the Turkish Ministry of Tourism has reported a 13 percent increase of tourists arriving in the southern Turkish city of Antalya for the first eight months of 2011. Numbering over 7.5 million visitors for the first 8 months of 2011 this shows...

Posted on 31 August 2011

Over 111,000 foreign citizens now own property in Turkey

30 August 2011 - According to recently released figures from Turkey’s Directorate’s Foreigner Affairs Unit’s Land Registry over 111,000 foreigners now own property in Turkey with the UK (over 35,000 British owners) Germany and Greece topping the list. The most popular area for foreigners is the Antalya region (Antalya, Belek,...

Posted on 30 August 2011

Turkey to privatise Istanbul’s Bosphorus bridges

30 August 2011 - Turkey’s OIB (Privatization Administration) has announced the transfer of the Bosphorus bridges (Bosphorus and Fatih Sultan Mehmet) operational rights to the private sector under a 25 year agreement. The OIB has said it expects substantial interest from local and international investors and has already held talks with...

Posted on 30 August 2011

Foreign investment in Turkey up in first 6 months 2011

15 August 2011 – According to data released from CBRT (the Central Bank of the Republic of Turkey) foreign direct investment (FDI) by European countries into Turkey reached 6.2 Billion USD in the first 6 months of 2011, an increase of over 380 percent over the same period for 2010. The...

Posted on 15 August 2011

American health insurer to enter Turkish market

11 August 2011 – Cigna Corp, the long established United States health, accident and life insurance company, has announced plans to enter the Turkish market. At the recent opening of the Cigna office in Istanbul CEO Refik Berkol said Cigna was entering the market because Turkey had strong economic performance together...

Posted on 11 August 2011

Turkey’s Mergers and Acquisitions over 6 Billion USD

10 August 2011 - According to a recent Ernst & Young report Turkey’s M&As reached 6.5 billion USD in the six months to the end of June 2011. With 130 deals Turkey was the second most active M&A market in the 10 countries covered in the Central and Southeastern European M&A...

Posted on 10 August 2011

Turkey expects tourist to double

5 August 2011 - According to Ahmet Barut, chairman of TUROFED (Turkish Hoteliers Federation), Turkey is now in 8th position in the world in terms of tourism revenues. Barut said, “The number of visitors to Turkey is expected to exceed 31 million this year. We also expect an increase in tourism...

Posted on 05 August 2011

Turkey keeps calling

 4 July 2011 - Vodafone’s recent results show Turkey is one of the fast growing countries within Vodafone’s global network. Vodafone Turkey CEO, Serpil Timuray reported Vodafone Turkey has broken a number of records as the fastest growing Turkish mobile telephone company with over 30 percent rise in sales revenue. Vodafone Turkey...

Posted on 04 August 2011

Turkey’s CEOs predict the economy will grow by 6 percent in 2011

3 August 2011 -Turkey’s leading CEOs estimate Turkey’s growth rate will be 6 Percent by the end of2011 followed by 5.2 percent in 2012 according to a recent survey. The survey, conducted by TUSIAD (Turkish Industry and Business Association), also shows Turkey’s CEOs expect the rate of inflation to drop to 6.8 percent...

Posted on 03 August 2011

Dubai company buys Turkish bank

1 August 2011 – Dubai based G Capital, in conjunction with a local Turkish company, Gurmen Group, has purchased Adabank from TMSF (Turkey’s Savings Deposit Insurance Fund) for a reported 75 Million USD. Talking about the purchase, G Capital’s COO, Mr David Haigh, said “The stability that Turkey offers is to...

Posted on 01 August 2011