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Seven new airports in Turkey by 2013

Date 28/04/11 DHMI in Turkey (The General Directorate of State Airports Authority) has announced it is finalising the construction of 7 new airports by the beginning of 2013. Orhan Birdal, DHMI General Manager, said DHMI intends to open 4 of the new airports by the end of 2011 with the...

Posted on 28 April 2011

Turkey on track to exceed pre-crisis export levels

Date 28/04/11 At the First Trade Counsellors Conference in Ankara, Mr Zafer Caglayan, Turkey’s Foreign Trade Minister, announced Turkey’s exports are on target to reach 132 Billion USD before the end of 2011 noting Turkey’s exports were already 41 Billion USD in the period from 1st January to 22 April....

Posted on 28 April 2011

“Canal Istanbul” to Replace Bosporus as Istanbul Shipping Lane by 2023

Istanbul is making headlines again. Twice in one week. Just a few days after the world discussed plans to split Istanbul in two for easier governance, Prime Minister Recep Tayyip Erdogan has unveiled a grander if less controversial plan to create a new canal to bypass the Bosporus – although...

Posted on 28 April 2011

Bodrum to Come Alive with Color, Host Festival this September

Bodrum will be one of the most exciting places in the world this September when it hosts the Mediterranean Colours festival – one of the largest festivals the Mediterranean has ever seen. The festival will feature over 2000 dancers from 30 countries, and will see Bodrum become alive with Carnival fever...

Posted on 24 April 2011

Turkey Gearing up to Produce Domestic Car Brand

The Prime Minister of Turkey recently announced his ambitions to build a 100% domestic car brand, but when examined more carefully this idea is quite challenging, as all the parts need to be produced domestically. Turkey last tried to produce its own automobile brand in 1961, but only made four...

Posted on 22 April 2011

Germany’s Bosch Group to increase investment in Turkey

Bosch, Germany’s domestic appliance and automotive company, has announced plans to invest 400 million Euros in Turkey according the Bosch Board Member Mr Rudolf Colm. “Turkey offers tremendous opportunities in solar energy that Bosch cannot afford to ignore” said Colm adding “We plan to invest an additional 400 million Euros...

Posted on 21 April 2011

Turkey Property: Foreign Sales up 40% in 2010

Last year we reveled in the report that 32,000 Brits owned some 6 million square meters of Turkish property, as the dominant grouping of foreigners who then owned 65 million square meters of land. Well, if that was good then the report released last week by GYODER can only be...

Posted on 21 April 2011

Ebay Buys Majority Stake in Turkish Auction Site

eBay has increased its stake in GittiGidiyor.com one of Turkey’s leading auction sites. eBay originally bought the minority stake in 2007 and with its new investment eBay will increase its ownership of GittiGidiyor.com to 93%. The transaction should be completed by Q2 2011. 13 April 2011 - Invest in Turkey

Posted on 20 April 2011

Turkish Exports expected to grow 20 percent

Mr Zafer Caglayan, Turkey’s State Minister for Foreign Trade, said according the Foreign Trade Expectations Survey conducted by DTM (Undersecretariat of Foreign Trade) amongst the 500 leading Turkish import and export companies the export expectation index has risen to 142.9 for 2011 Q2 from 122.7 in 2011 Q1 – an increase...

Posted on 19 April 2011

Turkey: Unemployment rate goes down

Figures released from TurkStat (The Turkish Statistical Institute (TurkStat) show that Turkey's unemployment rate went down to 11.9 percent in January 2011 compared with 14.5 percent in January 2010. The TurkStat report shows the number of people unemployed in Turkey is now 3 million, the unemployment in non-farming businesses went...

Posted on 18 April 2011