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Category Archives: Company News

Chinese electricity company invests in Turkey

29 September 2011, Turkey - Zhejiang Energy Group, China’s state owned electric power construction holding company, has signed an agreement with Turkey’s Polat Madencilik to develop a coal mining field in Aydin in western Turkey and a coal fired power plant creating 5,000 jobs. The first stage of the agreement...

Posted on 29 September 2011

Swiss chocolate manufacturer increases Turkish investment & production

28 September 2011, Turkey - Nestle, the Swiss based chocolate manufacturer intends to increase its business in the low cost sweet and chocolate market in Turkey according to Devrim Cobek, Nestle’s Business Executive Manager of Nestlé Turkey’s Confectionery Business Unit. Nestle purchased a 51% share in Turkey’s Balaban Gida company...

Posted on 28 September 2011

Working with Turkey will be very profitable says Turkish Prime Minister

26 September 2011, Turkey - Speaking from New York Turkey’s Prime Minister Recep Tayyip Erdogan said that businesses working with or investing in Turkey will benefit greatly from it. Erdogan said “We (Turkey) made many reforms, especially sector and company specific micro reforms, to increase Turkey’s competitive advantage in the world,...

Posted on 26 September 2011

Volkswagen Group to increase manufacturing in Turkey

20 September 2011 - Germany’s MAN commercial vehicles manufacturer, part of Germany’s Volkswagen Group, has decided to make Turkey a research and development centre. MAN, which has been in Turkey for 45 years, is also increasing its bus manufacturing lines. During a recent visit to Turkey to celebrate the 45...

Posted on 20 September 2011

Italians invest in Turkey’s ports

27 July 2011 - Palladio Finanziaria, an Italian private equity group has, through its subsidiary,  purchased a 22 percent equity stake in Global Ports Holding for over 77 Million USD which is set to rise to 25 percent within the next 3 years. Turkey’s Global Ports operates three ports, two on...

Posted on 27 July 2011

Turkey turns New York yellow

25 July 2011 - The Turkish division of the US Ford Company - Ford Otosan -  has exported the first batch of 200 new Connect taxis to New York City. At a ceremony marking the first shipment, General Manager of Turkey’s Ford Otosan, Nuri Otay, said “The Turkish - manufactured Transit...

Posted on 25 July 2011

Spot Blue Paving the Way for Safer Turkish Property Purchases

In October 2009 we revealed our new system of developer checks to aide buyer security. Basically we began producing a series of reports on each of our vendors – developers – using data and reports from reliable and independent third party sources, such as the British Embassy in Turkey. At...

Posted on 19 May 2011