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Category Archives: Investment

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

Nestle goes on investing in Turkey

29 November 2011, Ankara - According to Nestle Turkey’s CEO, Mr Hans Ulrich Mayer, Turkey has been a great place to invest - “Turkey has been the recipient of several Nestlé investments many times greater than we invest in other markets” reported Mayer. Nestle has invested about 500 million USD...

Posted on 29 November 2011

Southern Turkey opens largest Eastern Med marina

29 November 2011, Ankara - Mr Binali Yildrim, the Turkish Minister of Transportation, Maritime and Communications has opened the largest Eastern Med yacht marina in the southern Turkish town of Mersin. The marina has cost 100 million TRY (About 54 million USD) and can berth up to 1,000 boats. Mr...

Posted on 29 November 2011

Foreigners Buying More Property in Turkey

The latest data from the Turkish Land Registry Director shows that some 123,,000 foreigners own 113,687 immovable properties in Turkey. The data shows that resort properties are still the most popular with foreigners, and they prefer established cities like Antalya, Mugla and Aydin ,as well as Istanbul and Bursa. The...

Posted on 18 November 2011

Turkey to make it easier for foreigners to buy property

15 November 2011, Istanbul - The Turkish law of property purchase reciprocity is expected to be lifted in 2012. The law bans foreigners from 89 countries buying a property in Turkey because Turkish nationals cannot freely buy a property in that reciprocal country. These banned countries include Russia, Gulf States...

Posted on 15 November 2011

Turkish Property Prices Continue Steady Growth

Turkish house prices continue to grow at a steady pace according to the latest data from Gyoder in partnership with Reidin. Over the first few months of this year, month in month out the index showed year on year growth averaging around 6% and monthly growth hovering around 1% or...

Posted on 09 November 2011

Turkey continues to grow economically during Eurozone crises

4 November 2011, Istanbul - Speaking to businessmen and women at the B20 business event being held during the G20 meeting in Cannes, France, Turkey’s Prime Minister, Recep Tayyip Erdogan, said due to successful planning Turkey continued to grow during the economic crises affecting the Eurozone. The Turkish Prime Minister...

Posted on 04 November 2011

Turkey’s construction sector hits new record

26 October 2011, Istanbul - According to Turkey’s GOYDER (the Association of Real Estate Investment Companies) there was a record breaking 1.8 million people employed in the construction business during the period 1 April to 30 June 2011, an increase of over thirteen percent. In the same period property sales...

Posted on 26 October 2011

World Bank Plans to Boost Investment in Turkey

According to a top World Bank executive a new proposed Country Partnership Strategy will generate a considerable amount of investment for Turkey. "The Turkish government and World Bank have had talks in participating in CPS," Ulrich Zachau, the World Bank Turkey director, told Reuters in Ankara. The strategy is to...

Posted on 22 October 2011