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Category Archives: Business News

Emerging Turkey: Rising Oil Demand Fuels European Refineries

Turkey and its emerging market counterparts are keeping refineries open across the Mediterranean's developed nations according to the International Energy Agency's monthly oil report. The report says that growing demand from Turkey and North African nations is directly responsible for refineries in Italy and Spain's ability to stay in business....

Posted on 12 July 2013

Agency upgrade boosts Turkey’s investment appeal, aiding its vision to be a top 10 economy

Turkey has edged closer to achieving its target of becoming one of the world’s top 10 economies by 2023, after it was awarded investment grade rating this month by Moody’s, significantly its second upgrade by one of the world’s three main credit rating agencies within the space of six months. ...

Posted on 23 May 2013

Turkish Airlines Puts Istanbul on top of European Aviation

Talk about taking the world by storm, well Turkish Airlines is certainly causing a storm in Europe. The airline has been almost constantly in airline news for several years now as it adds more new routes than any other airline over any period you wish to measure. Thanks to its...

Posted on 17 May 2013

Spot Blue pivotal in driving Anglo-Turkish trade relations

As part of an on-going trade initiative to strengthen relations with the UK, members of the Turkish Government took time out from a business forum in London this week to open the London Stock Exchange, an event that presented an opportunity for Turkey's Minister of Economy, Zafer Caglayan, and chairman...

Posted on 26 April 2013

Abu Dhabi Owned Company Invests in Turkish Coal Mines

Taqa, an Abu Dhabi owned company has recently signed a coal plant deal with Turkey that could be worth $12 billion. The agreement was signed at the beginning of the month and allows Taqa to develop Turkish coal mines. The company will work in conjunction with the Turkish government owned...

Posted on 17 January 2013

Turkey Keen to Boost Trade Volume with Africa

Turkey is keen to boost its trade volume with Africa, and has set a target figure of $50 billion by 2015. The Turkish Prime Minister, Recep Tayyip Erdogan, accompanied by a delegation of 250 businessmen, recently toured Niger, Gabon and Senegal. The trip is all part of the Turkish government’s...

Posted on 11 January 2013

Spot Blue’s David Walker takes on Goldman Sachs ‘Goliath’

NEWS RELEASE DATE: 8th NOVEMBER, 2012  Spot Blue’s David Walker takes on Goldman Sachs ‘Goliath’ for the crown of Turkey’s biggest “supporter”   Founding director of Spot Blue Overseas Property was last night recognised for his on-going commitment to growing Anglo-Turkish trade and business when he was runner up forTurkey’s...

Posted on 08 November 2012

Turkey Set To Expand Its Pharmaceutical Business

The Turkish pharmaceutical industry is expected to expand substantially during the next few years, and sales of drugs could reach $23.3 billion by 2023, up from just $5 billion in 2011. These figures come from a report by Pricewaterhouse Coopers which was commissioned by the pharmaceutical industry, but are based...

Posted on 26 October 2012

New Award Confirms Spot Blue as leading Overseas Property Agency

UK based Spot Blue, a specialist in buying and selling property in Turkey, has won the category of “Real Estate Agency Website - Turkey” at the 2012-2013 European Property Awards. The accolade for www.spotblue.com was announced at a prestigious event at the London Marriott Hotel on Monday, 24th September. The...

Posted on 27 September 2012

Turkey Discusses the Trans-Caspian Pipeline

Senior officials from Azerbaijan, the European Union, Turkey and Turkmenistan recently met to discuss the Trans-Caspian gas pipeline that will deliver gas to Europe through Azerbaijan and Turkey. The main aim of the project is to reduce Europe's dependence on Russian gas, and Turkmenistan is also trying to diminish its...

Posted on 14 September 2012