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“Turkey poised to become a major global economy”

Date: 19/01/2010 “Turkey poised to become a major global economy” Zafer Caglayan, Turkey’s State Minister for Foreign Trade, has voiced Turkey’s determination to apply free market principles to international trade. Speaking to reporters following a meeting with the International Chamber of Commerce (ICC) Chairman Victor K. Fung in Ankara, Caglayan...

Posted on 14 February 2011

Renault to manufacture Clio 4 in Turkey and France

Date: 19/01/2010 Renault to manufacture Clio 4 in Turkey and France French automaker Renault has announced that it will manufacture its Renault Clio model partly in France and partly in Turkey. Renault's President Carlos Ghosn met on Saturday with French President Nicholas Sarkozy to discuss the location of the manufacturing...

Posted on 14 February 2011

Monarch Airlines heads east for 2010 with new flights to Turkey

Date: 14/01/2010 Monarch Airlines heads east for 2010 with new flights to Turkey Award winning airline Monarch is heading east in 2010 with the launch of a host of new flights to Turkey. Tipped once again as being a hotspot for British holiday makers looking for great value sun and...

Posted on 14 February 2011

Moody’s upgrades Turkey’s rating on ‘economic resilience

Date: 11/01/2010 Moody’s upgrades Turkey’s rating on ‘economic resilience Turkey’s government bond rating was raised one notch to Ba2 at Moody’s Investors Service, which cited growing confidence in the government’s “financial shock-absorption capacity.” “The ability of the government and the country more generally to regroup when faced with a very...

Posted on 14 February 2011

Qatari royal family buys five-star hotel in Turkey

Date: 11/01/2010 Qatari royal family buys five-star hotel in Turkey Qatari royal family has bought a five-star hotel in Marmaris town of south western province of Mugla. The company, owned by Qatar's Amir Sheikh Ahmad Ali al-Thani, bought Munamar Hotel in Icmeler district in Marmaris, said the officials. Al-Maselah Construction...

Posted on 14 February 2011

Investment banking expects a bright year in Turkey

Date: 04/01/2010 Investment banking expects a bright year in Turkey Turkey’s investment banking is likely to see a fruitful year in 2010 with many opportunities, according to the executive of the Industrial Development Bank of Turkey (TSKB), the first private investment and development bank of Turkey. Initial public offerings (IPOs)...

Posted on 14 February 2011

Carrefoursa plans to open 100 additional stores in Turkey

Date: 04/01/2010 Carrefoursa plans to open 100 additional stores in Turkey Carrefoursa Supermarkets General Manager Guillaume Deruyter has announced plans to open 100 additional express stores and at least four more hypermarkets in Turkey. Providing employment opportunities for 7,500 people in stores scattered throughout the country, Carrefoursa is now planning...

Posted on 14 February 2011

Foreigners to apply for Turkish work permits over the Internet

Date: 04/01/2010 Foreigners to apply for Turkish work permits over the Internet Foreign nationals willing to work in Turkey will soon be able to file their applications over the Internet. In order to hasten the bureaucratic procedures, the Turkish Ministry of Labor and Social Security will accept work permit applications...

Posted on 14 February 2011

European Investment Bank grants EUR 718 million of funding to Turkey

Date: 18/12/2009 European Investment Bank grants EUR 718 million of funding to Turkey The European Investment Bank (EIB) has granted EUR 718 million of funding for rail transport, electricity distribution, energy efficiency and renewable energy projects in Turkey. The bank said in a statement that the EUR 293 million loan...

Posted on 14 February 2011

Global distress fails to shake Turkey’s tourism sector

Date: 18/12/2009 Global distress fails to shake Turkey's tourism sector Of the top ten tourist destination countries worldwide, only Turkey has managed to end the year with an increase in the number of visitors, despite the problems encountered in the industry worldwide, according to Turkey's Minister of Tourism, Ertugrul Gunay....

Posted on 14 February 2011