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Category Archives: Business News

One of the world’s top 30 banks setting up shop in Turkey

Dutch giant of the banking world Rabobank, ranked the world’s 26th largest bank, has announced plans this month to open offices in Turkey, saying it sees the country as a growing opportunity. The first Rabobank office will be in Istanbul and focus on the commercial sector, initially planning to provide...

Posted on 19 September 2013

Passenger numbers up by 22 per cent at Turkey’s leading low-cost airline

Turkey’s appeal as a tourist and second home destination has been reinforced by results from the country’s leading low-cost carrier Pegasus Airlines, which reported a 22.6 per cent year-on-year increase in traffic volume for the first six months of 2013. Pegasus carried a total of 7.55 million passengers on both...

Posted on 17 September 2013

We heard it on the grapevine – the world gets a taste for Turkish wine

Turkish wine is attracting more attention globally, after a leading UK supermarket introduced it to its shelves for the first time this month and a Turkish woman becomes the first official wine expert from the country. In September Waitrose became the only British supermarket to stock a Turkish wine, namely...

Posted on 09 September 2013

Turkish bank teams with US money transfer firm to make sending money around the world simpler

Sending money between one of Turkey’s leading banks and an overseas destination has got easier thanks to the bank now providing a global money transfer service in all of its branches. Turkish bank DenizBank now offers MoneyGram’s money transfer service in all of its branches nationwide. “Now that we have...

Posted on 09 September 2013

Turkey in the top 50 most competitive economies in the world

Turkey is ranked 44th in the latest 2013-2014 Global Competitiveness Index (GCI), a table produced by the World Economic Forum (WEF) which assesses 148 economies around the world on their level of productivity according to each country’s institutions, policies and condition of their economy. This represented a fall of one...

Posted on 06 September 2013

Turkey and olives – a recipe for success!

Olives and the oil that comes from them are one of the highlights of life in the Mediterranean, with different countries, including Turkey, claiming to produce the best. However, one thing that is indisputable right now is the rising number of people around the world who now consume Turkish olive...

Posted on 05 September 2013

Rail upgrades on track to increasing investment appeal of Istanbul property market

Many of Istanbul’s burgeoning residential districts are on the verge of becoming more accessible places to live, after a landmark new rail link connecting the European and Asian sides of the city neared completion when it carried its first passengers as part of a test run in August.The Marmaray Project,...

Posted on 03 September 2013

Turkish football club signs record sponsorship deal with UK brand Vodafone

Istanbul football club Beşiktaş announced in August that it has signed a $145-million deal with British telecommunications group Vodafone, making it the country’s biggest ever sponsorship deal. The deal includes shirt sponsorship for five years and sponsorship of the new Beşiktaş stadium, expected to be completed next year and named...

Posted on 30 August 2013

Leading fashion brand coming to Turkey’s High Street by end of 2013

Shoppers in Turkey will soon have the chance to look as fashionable as their European neighbours, thanks to plans announced this month for the opening of Superdry stores there.The news comes after UK based SuperGroup, which owns the Superdry brand, signed a five-year exclusive franchise agreement with Turkish firm Demsa...

Posted on 27 August 2013

Property agency Spot Blue marks 10th anniversary with focus on wider global opportunities

Spot Blue International Property Ltd, a leading UK-based Turkey property specialist, is celebrating its 10-year anniversary this month and with it announcing increased efforts to target investors from the growing international market, as well as the more established European countries.Founded in August 2003 by chairman David Walker, who spotted the...

Posted on 18 August 2013