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Category Archives: Company News

Hilton set to increase its number of hotels in Turkey again

Istanbul, 8 February 2012 - The Hilton hotel group has announced plans to open 13 new hotels in Turkey taking its Hilton branded hotels in Turkey to 33. Making the announcement at the Central Asia and Turkey Hotel Investment Conference, Didier Martin, the Vice President Operations Eastern Europe Israel, Russia...

Posted on 09 February 2012

Istanbul considering the privatisation of its public car parking services

Istanbul, 6 February 2012 - Following the successful privatisation of Istanbul Ferry Lines in 2011 the Istanbul Metropolitan Municipality is considering privatisation of its  Istanbul Parking Operations Company (ISPARK) which manages the public parking in the 28 districts of Istanbul. Founded 7 years ago with over 2,000 employees the company...

Posted on 06 February 2012

French company Renault increases its investment in Turkey

Istanbul, 3 February 2012 - With its Turkish partner Oyak Holdings, Renault, the French auto manufacturer, is to invest USD 254 million in its manufacturing plant in Turkey. In 2012 Renualt intends to start production of new Clio 4 Supermini together with its upgraded Megane 3 hatchback as well as...

Posted on 03 February 2012

US company NCR looks at Turkey as a potential regional base

23 January 2012, Istanbul - NCR the US technology has identified Turkey as its potential regional headquarters. Commenting on a forthcoming visit to Turkey Mr Bill Nuti, the NCR CEO said, “Engineering and call centre investments in Turkey are on the agenda. In order to provide new and better solutions...

Posted on 24 January 2012

Major UK pharmaceutical company to locate regional HQ in Istanbul

16 January 2012, Istanbul – GlaxoSmithKline (GSK) a leading UK pharmaceutical company is moving its Middle Eastern and African operations to Istanbul. This new Istanbul regional headquarters will be responsible for the operations in 30 countries within GSK markets. Commenting on the move, Asia Pacific and Emerging Markets Director of...

Posted on 17 January 2012

E-commerce giant Amazon invests in Turkey

22 December 2011, Istanbul - Amazon the US e-commerce giant has entered the Turkish market and acquired a interest in Ciceksepeti.com a Turkish online flower delivery company. Emre Aydin the General Manager of Ciceksepeti.com said “Amazon’s lead in technology and online marketing will be beneficial for our growth in 2012”...

Posted on 23 December 2011

Malaysian company to invest in one of Turkey’s leading hospital groups

15 December 2012, Istanbul - Over the last few years Turkey’s healthcare sector has attracted significant interest for global investors from both East and West. Several major Turkish healthcare companies, for example, Universal Healthcare Group, Medical Healthcare and Memorial Healthcare Group have already attracted partnership or buy ours from major...

Posted on 15 December 2011

Turkey supplies to European aerospace company

1 December 2011, Ankara - Eurocopter, the Franco German Spanish aerospace company, has picked Turkish made imaging systems and fire and control systems are to be fitted to their EC-635 helicopters. Thomas Hein, Eurocopter’s VP, recent said “Turkish defense products are cost effective, high quality, and come free of export...

Posted on 01 December 2011

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

Istanbul’s gas supplier to go private

30 September 2011, Turkey - “IGDAS is the next company to be put to tender by IBB” said Adem Basturk, the Secretary General of IBB (Istanbul Metropolitan Municipality) about IGDAS (Istanbul Natural Gas Distribution Company) in a recent statement. IGDAS is expected to be privatised in 2012. IGDAS serves 4...

Posted on 30 September 2011