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Turkey: Federal Reserve’s Director says “Turkey shows remarkable growth”

Date: 06/09/2010 Turkey: Federal Reserve’s Director says “Turkey shows remarkable growth” The following the global financial credit crunch Turkey is showing remarkable growth following a period of strong recovery. Deputy Associate Director Seth Carpenter of the FEDs Division of Monetary Affairs praised Turkey's economic performance and drew attention to the...

Posted on 14 February 2011

Turkey: Condé Nast Traveller Destination of the Year

Date: 03/09/2010 Turkey: Condé Nast Traveller Destination of the Year Turkey has swept up the highly prestigious accolade of the Condé Nast Traveller’s favourite country in the destination category at the 12th Annual Readers’ Travel Awards on Wednesday night. This is the first time that Turkey has won the award...

Posted on 14 February 2011

Turkey: Employment figures up due to record growth

Date: 03/09/2010 Turkey: Employment figures up due to record growth Turkey economic performance is beating expectations and its strong economic recovery has started to create employment”, said the Turkish Finance Minister, Mr Mehmet Simsek speaking at the TEK (Turkish Economic Association) Unlike many other “advanced” countries, Turkey’s economy fast growth...

Posted on 14 February 2011

Turkey: Despite global economic downturn Turkish airlines continue to grow.

Date: 03/09/2010 Turkey: Despite global economic downturn Turkish airlines continue to grow. According to Mr Ali Ariduru, Turkey’s Civil Aviation Authority General Manager, 60 airlines went out of business because last year’s economic crisis. It is estimated by IATA, (International Air Transport Association) that losses of over 9 Billion USD...

Posted on 14 February 2011

Turkey: Foreign investors view Turkey as ‘investment hotspot’

Date: 26/08/2010 Turkey: Foreign investors view Turkey as ‘investment hotspot’ Turkey’s Industry and Trade Minister Nihat Ergun stated that Turkey is gaining strength in the political arena with each passing day and that this is due to the country’s economic power. Ergun pointed to the fact that Turkey’s potential is...

Posted on 14 February 2011

Turkey: Improving investment grade status ?

Date: 26/08/2010 Turkey: Improving investment grade status ? Turkey’s newfound reputation for financial stability is luring foreign investors, writes Delphine Strauss. Turkey’s financial capital Istanbul's ISE100 equity index has hit record highs. Yields on sovereign debt are close to historic lows. The currency, the Turkish lira, is more stable than...

Posted on 14 February 2011

Turkey: Treasury grants incentive certificates worth TRY 3.85 billion in July

Date: 20/08/2010 Turkey: Treasury grants incentive certificates worth TRY 3.85 billion in July In July, the Turkish Treasury granted a total of 405 investment incentive certificates, worth TRY 3.85 billion of fixed investments. The communiqué issued by the Undersecretariat of the Treasury on the issue was published in yesterday’s Official...

Posted on 14 February 2011

Turkey: GermanyÂ’s Bosch: We will invest EUR 100 million in our 100th year

Date: 20/08/2010 Turkey: Germany’s Bosch: We will invest EUR 100 million in our 100th year Celebrating its 100th anniversary in Turkey, Bosch is planning to invest EUR 100 million this year. The German giant’s Turkey General Manager Hermann Butz says, “We tried to create added-value and confidence for this country,...

Posted on 14 February 2011

Turkey: Antalya to host EuropeÂ’s largest botanic garden

Date: 16/08/2010 Turkey: Antalya to host Europe’s largest botanic garden The Mediterranean’s most popular holiday destination will soon have the largest botanic garden of Europe, adding another sightseeing spot to the tour maps of millions of tourists visiting the Turkish Riviera. The garden, which is to be founded by the...

Posted on 14 February 2011

Turkey: OIZ investors to benefit from free land allocation

Date: 11/08/2010 Turkey: OIZ investors to benefit from free land allocation The practice of allocating land to companies investing in Organized Industrial Zones (OIZs) for free will soon begin again. Turkey’s Minister of Industry and Trade Nihat Ergun said the free land allocation that has been in effect for the...

Posted on 14 February 2011