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PwC report points to Istanbul for realty investments

Date: 11/03/2010PwC report points to Istanbul for realty investments According to the Emerging Trends in Real Estate, Europe 2010 report that analyzes latest trends and developments in the real estate sector, Istanbul is at the top of the list of ‘City Development Prospects’ in Europe. The biggest city of Turkey...

Posted on 14 February 2011

Turkish investors regain confidence, says DeloitteÂ’s survey

Date: 11/03/2010Turkish investors regain confidence, says Deloitte’s survey The number of investors in Turkey who expect recovery in the economy has reached its peak in the past two years, following concerns over a volatile market atmosphere, according to a poll by Deloitte Turkey. The Deloitte poll has found that the...

Posted on 14 February 2011

Turkey to be the home base of new Clio

Date: 09/03/2010Turkey to be the home base of new Clio Updated Clio has found its new home, according to Renault’s Chief Operating Officer Patrick Pélata citing French car maker’s decision to base the production line of its popular super-mini in its Turkish plant. “Bursa will stay as the main production...

Posted on 14 February 2011

Property investors optimistic on Istanbul

Date: 09/03/2010Property investors optimistic on Istanbul Istanbul, Turkey’s biggest city, ranks at the top in real estate development expectations, according to a joint report by PricewaterHouseCoopers and the Urban Land Institute, or ULI. The city ranked fifth in new real estate purchases and stood at number seven in Europe for...

Posted on 14 February 2011

European Invest Bank increases loans to Turkish energy and infrastructure projects

Date: 04/03/2010European Invest Bank increases loans to Turkish energy and infrastructure projects The European Investment Bank (EIB) will provide up to EUR 2.6 billion in loans to Turkey in 2010, more than its target of two billion. Matthias Kollatz-Ahnen, EIB Vice President in charge of financing operations in Croatia and...

Posted on 14 February 2011

TurkeyÂ’s exports increase by 20 percent in February 2010

Date: 04/03/2010Turkey’s exports increase by 20 percent in February 2010 Turkey’s exports climbed by a robust 20 percent in February over the same month of the preceding year to USD 8.23 billion, with exports to European countries approaching their pre-crisis levels, Turkish Exporters Assembly (TIM) data have shown. TIM President...

Posted on 14 February 2011

HSBC to grow in Turkey with acquisitions

Date: 24/02/2010HSBC to grow in Turkey with acquisitions HSBC bank will seek to expand in Turkey via acquisitions, according to Piraye Antika, CEO of the bank’s Turkish unit. HSBC might buy portfolios, branches or a bank after expanding its network in the country to 334 branches from 150, said Antika,...

Posted on 14 February 2011

S&P upgrades TurkeyÂ’s credit rating

Date: 24/02/2010S&P upgrades Turkey’s credit rating An eased debt burden along with directed government policies to stabilize and reform economic policy led to the upgrading of Turkey’s credit rating in an environment where nearly 100 downgrades have occurred, said Turkey’s Deputy Prime Minister Ali Babacan. Babacan, speaking to the press,...

Posted on 14 February 2011

Private equity investors favor Turkey

Date: 19/02/2010Private equity investors favor Turkey Turkish companies are drawing in private equity funds that notice the country’s strong growth indicators in the wake of the financial crisis, according to an article posted by the news site businessneweurope.eu. In a story this week, the website pointed to Turkey’s large and...

Posted on 14 February 2011

Turkey to be the worldÂ’s 13th largest economy in 2026

Date: 18/02/2010Turkey to be the world’s 13th largest economy in 2026 Turkey will be the world’s 13th largest economy in 2026, according to data from the International Monetary Fund (IMF). Turkey, which was ranked 17th in the globe for its gross domestic product back in 1985, will step up and...

Posted on 14 February 2011