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Category Archives: Business News

South Korea’s Hyundai says Turkish quality is “outstanding”

25 October 2011, Istanbul - Speaking at the 2011 Izmir Autoshow Fair, Umit Karaaslan, Hyundai’s (Turkey) General Manager, indicated that the South Korean car manufacturing car company plans to double its production in Turkey. Karaaslan said “Hyundai’s decision process for the Turkey investment is in its final stage and works...

Posted on 25 October 2011

Japanese air conditioning company invests 260 million USD in Turkey

17 October 2011, Turkey - Following the acquisition of Turkey’s Airfel, Daikin, a leading Japanese air conditioning manufacture, has announced it will be using Turkey as a regional centre for development and manufacture serving markets in Europe, the Middle East and Africa. Daikin paid 260 million USD for Turkey’s Airfel,...

Posted on 17 October 2011

Turkey’s tax incentives for new technoparks

14 October 2011,  Istanbul - Speaking at IBM’s Software Summit in Istanbul, Nihat Ergun, Turkey’s Minister of Industry, Science and Technology, described Turkey’s “Silicon Valley” vision. Turkey is to build technoparks which will be exclusively for high tech companies engaged in telecoms, software development, ecosystems and technical R&D, the first...

Posted on 14 October 2011

Intel invests in Turkish internet company

12 October 2011, Turkey - Chip maker Intel, through its investment  arm Intel Capital, has invested an undisclosed amount in Grupanya a Turkish e-commerce company. This is Intel Capital’s second investment in Turkey. According to Burak Aydin, Intel Turkey General Manager the investment will help Grupanya to develop is new...

Posted on 12 October 2011

Turkey’s M&A increases

6 October 2011, Ankara - Turkey is having its best M&A period since 2008 as Turkey’s economy continues to outperform the rest of Europe and the emerging BRIC countries. Whilst M&A deals in the BRIC’s Brazil, India and China dropped, with only Russia showing any M&A growth, Turkey’s transaction value...

Posted on 06 October 2011