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World Bank Group to locate regional headquarters in Turkey

30 May 2011 - IFC (The International Finance Corporation) part of the World Bank Group is to invest 3 Billion USD in Turkey during the next 3 years. Lars Thunell, Executive Vice President and CEO of IFC, said "We are aiming to increase our investments in Turkey due to the...

Posted on 31 May 2011

Turkish Property Forces Investors to Sit Up and Take Notice

No one can ignore Turkey in 2011, especially given the trouble anyone who managed to do so throughout 2010 would have had. It is equally hard to deny that Turkey is now one of the hottest overseas property markets in the world, you can't argue with good old facts and...

Posted on 27 May 2011

It’s Official, Turkey to Top European Economy Again in 2011

The Turkish economy grew 8.9% in 2010, this made it the fastest growing economy in Europe by a good margin. Everyone expected growth to slow in 2011, it had to; the growth rate in 2010 was unsustainable, and to sustain it would ultimately have done more harm than good in...

Posted on 26 May 2011

Leading US hamburger chain to open 100 stores in Turkey

22 May 2011 US hamburger chain Carl’s Jr has opened its first restaurant in Istanbul in the Cevahir Shopping Mall and aims to open a further 100 stores across Turkey. Mr Ned Lyerly, senior vice chairman of US owned CKE Restaurants which operates both the Carl’s Jr. and Hardee’s brands, said “Our...

Posted on 23 May 2011

Turkey Property Prices Surge into 2011 (stats)

As European residential property markets still clamber toward recovery ever-worrying about a double dip, and authoritative sources tell us the US property market has already double dipped, we look at markets like Turkey to see that they are experiencing strong growth into 2011. According to (GYODER) the Association of Real...

Posted on 21 May 2011

Indian industrial conglomerate to make further investments in Turkey

20 May 2011 - Mr Pawan Ruia, Chairman of the Indian industrial conglomerate, says the group is planning to make additional investments in the Turkey in energy, mining and metal sectors following their 250 Million USD acquisition of the Turkish cars part manufacturer - Standard Profil. Speak in Istanbul, Mr...

Posted on 20 May 2011

Both Istanbul Airports Win in the ANNIES 2011 Awards

Both of Istanbul's airports have won awards in the ANNIES 2011 by leading airport data collation service Anna.Aero. Istanbul Ataturk was joint winner of the "Airport with the most new non-European routes" award, having added 8 new routes and lost one to Islamabad in the last year. The new routes...

Posted on 20 May 2011

Spot Blue Paving the Way for Safer Turkish Property Purchases

In October 2009 we revealed our new system of developer checks to aide buyer security. Basically we began producing a series of reports on each of our vendors – developers – using data and reports from reliable and independent third party sources, such as the British Embassy in Turkey. At...

Posted on 19 May 2011

Izmir’s new port to be one of world’s largest.

16 May 2011 – When completed in 2013 Izmir’s Port Candarli will be able to handle 12 million tons of cargo a year. Costing approximate 3.1 Billion USD (5 billion TL) the new port will double the number of containers that can be handled by the existing Turkish ports. At the recent groundbreaking ceremony,...

Posted on 16 May 2011

Property in Istanbul No 1 Investment in Europe says PWC

Property in Istanbul has been ranked the number one investment in European Real Estate after a major survey of investors and property professionals across Europe carried out by Price Waterhouse Cooper and the Land Institute. Investors surveyed for the Emerging Trends in European Real Estate report ranked Istanbul number 1...

Posted on 15 May 2011