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Category Archives: Investment

Foreign investments in Istanbul up over 100 percent in 2011

Istanbul, 20 February 2012 - A recent report by the Istanbul Chamber of Commerce shows investment in Istanbul has increased by over 100 percent in 2011 compared with the previous year 2010. The report also shows that over 52 percent of the increase comes from foreign investors with the biggest...

Posted on 21 February 2012

BT to Double Turkish Investment Create Global Satellite Hub

British Telecom has announced sweeping plans to make Istanbul not only a regional hub for its business (along with Dubai and Johannesburg, South Africa), but also a "Global Center of Satellite Excellence", according to aid Luis Alvarez, president in charge of Europe, Middle East, Africa and Latin America. Speaking at...

Posted on 17 February 2012

Turkey’s increases renewable wind power capacity

Istanbul, 7 February 2012 - According to the European Wind Energy Association Turkey’s new wind farms added 470 MWs of electricity capacity in 2011, added to Turkey’s existing wind power capacity this took the total to near 1,800 MWs a 36 percent increase. This extra production takes Turkey into the...

Posted on 09 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

Istanbul Number One in European Property Investment

Since the downturn struck I could count the number of times the Guardian has covered Turkish property, in the mainstream sections anyway, but we have a cracker in today's. After winning for the last 2 years on the trot, Istanbul has once again be named the property  investment hotspot of...

Posted on 03 February 2012

Real estate professionals say Istanbul is the tops for investment

Istanbul, 2 February 2012 - For the second year running a survey conducted by PwC (PricewaterhouseCoopers) and the Urban Land Institute has placed Istanbul as the top European city to invest in commenting “Turkey's appeal is based on a long-term view of the future". 600 European real estate professional were...

Posted on 02 February 2012

Turkey’s Foreign Direct Investment up 70% in 2011

19 January 2012, Gaziantep - Speaking in the SE city of Gaziantep, Mr Ilker Ayci, President of Turkey’s 'Investment Support and Promotion Agency', said “Turkey has attracted 70 percent more FDI in the first 11 months of 2011 over the same period of the preceding year, reaching USD 12.1 billion”...

Posted on 19 January 2012

US company invests in southeastern Turkey

17 January 2012, Istanbul - According Martin Carver, the Chief Executive of the US based MG Consulting, investing in Turkey is more profitable than investing in China or Europe “I see no economic growth in European markets. That is why I would rather invest in Turkey” said Carver. Carver is...

Posted on 18 January 2012

2011: A Great Year for Turkey and Turkish Property

Twenty Eleven was a great year for Turkey and a great year for Turkish property. The Turkish economy was among the fastest growing in the world (it was the fastest in 1H, but we have no data for 2H) according to official data. According to the Turkish association of real...

Posted on 06 January 2012

“Istanbul is one of the most exciting and interesting cities of Europe, if not the world”

3 January 2012, Ankara  - The man who coined the phrase BRIC economies the world renowned economist and Chairman of Goldman Sachs Asset Management Mr Jim O’Neill predicts the next 10 years will see another set of emerging powers including Turkey taking over. In a recent interview O’Neill said “If...

Posted on 03 January 2012