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Tourism to Turkey just keeps growing

29 July 2011 - Recently released statistics from Turkstat (Turkish Statistical Institute) shows Turkey’s revenue from tourism has increased by nearly 18 percent in the second quarter of 2011 compared with 2010. Turkey’s tourism plays an important part in the economic growth of the country and reached over 5 Billion USD...

Posted on 29 July 2011

Italians invest in Turkey’s ports

27 July 2011 - Palladio Finanziaria, an Italian private equity group has, through its subsidiary,  purchased a 22 percent equity stake in Global Ports Holding for over 77 Million USD which is set to rise to 25 percent within the next 3 years. Turkey’s Global Ports operates three ports, two on...

Posted on 27 July 2011

Istanbul becoming a leading global business location

26 July 2011 - International property consultant CBRE (CB Richard Ellis) has placed Istanbul 27th in the top global business locations. Of the 280 international conglomerates reviewed, 115 have established regional headquarters or operating offices in Istanbul. Top of the location list is Hong Kong with 191 global companies located...

Posted on 26 July 2011

Turkey turns New York yellow

25 July 2011 - The Turkish division of the US Ford Company - Ford Otosan -  has exported the first batch of 200 new Connect taxis to New York City. At a ceremony marking the first shipment, General Manager of Turkey’s Ford Otosan, Nuri Otay, said “The Turkish - manufactured Transit...

Posted on 25 July 2011

Turkey gets an energy boost

22 July 2011 - Launching the Kavaklidere Ornekkoy geothermal field north west of Izmir in Western Turkey, Mr Taner Yildiz, the new Turkish Minister of Energy and Natural Resources, said “Turkey’s energy production from geothermal resources currently stands at 95 MW”, “There are ongoing investments in 11 fields for electricity production,...

Posted on 22 July 2011

Turkey’s Antalya Airport flying high

21 July 2011 - Antalya Airport on Turkey’s southern coast has been voted the “Best Airport in Europe in the 10-25 million passenger” category. Airports Council International (Europe) which represents 400 airports in 46 countries judges this award in a variety of categories including efficiency, structural and commercial development, quality...

Posted on 21 July 2011

France’s BNP Paribas targets Turkey for growth

20th July 2011 - BNP Paribas Cardif, one of the leading European insurance companies believes Turkey is set for strong growth. At a recent press conference, BNP executive, Jean-Bertrand Laroche, said “Turkey has proved itself to be a highly promising market since our first entry in 2007. We expect the...

Posted on 20 July 2011

Turkey’s income per capita increases to top 10

18 July 2011 - According to a recent Economist Intelligence Unit report, Turkey now has an income per capita of over 10,000 USD making it the 6th highest country in the world where the population exceeds 70 million inhabitants. The report indicates Turkey isnow  in the same league as Germany, US...

Posted on 18 July 2011

Turkish students to receive free Tablet PCs

14 July 2011: According to press reports, Nihat Ergun, the Minister of Science, Industry and Technology, said Turkey intends to start production of a Turkish made Tablet PC to be given free of charge to 15 million students in Turkey. Ergun is quoted as saying “In order to support the...

Posted on 14 July 2011

Istanbul just got cheaper

13 July 2011 – According to Mercer’s “2011 Cost of Living” report, the cost of living in Istanbul has dropped 26 places in the list of 214 countries throughout the world covered by the report. Mercer, the global human resources consultancy company, has assessed expatriates costs globally, including housing, travel,...

Posted on 13 July 2011