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Category Archives: Investment

Foreign investment in Turkey up in first 6 months 2011

15 August 2011 – According to data released from CBRT (the Central Bank of the Republic of Turkey) foreign direct investment (FDI) by European countries into Turkey reached 6.2 Billion USD in the first 6 months of 2011, an increase of over 380 percent over the same period for 2010. The...

Posted on 15 August 2011

American health insurer to enter Turkish market

11 August 2011 – Cigna Corp, the long established United States health, accident and life insurance company, has announced plans to enter the Turkish market. At the recent opening of the Cigna office in Istanbul CEO Refik Berkol said Cigna was entering the market because Turkey had strong economic performance together...

Posted on 11 August 2011

Turkey’s Mergers and Acquisitions over 6 Billion USD

10 August 2011 - According to a recent Ernst & Young report Turkey’s M&As reached 6.5 billion USD in the six months to the end of June 2011. With 130 deals Turkey was the second most active M&A market in the 10 countries covered in the Central and Southeastern European M&A...

Posted on 10 August 2011

Dubai company buys Turkish bank

1 August 2011 – Dubai based G Capital, in conjunction with a local Turkish company, Gurmen Group, has purchased Adabank from TMSF (Turkey’s Savings Deposit Insurance Fund) for a reported 75 Million USD. Talking about the purchase, G Capital’s COO, Mr David Haigh, said “The stability that Turkey offers is to...

Posted on 01 August 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 Property is the Hot Investment Choice

During the boom emerging markets took on an appeal all of their own as they became known for their self-perpetuating cycles of strong growth. Economic growth would lead to rising affluence, which would lead to increasing demand for housing, house prices would be pushed up as a result of this...

Posted on 18 June 2011

Both Istanbul Airports Win in the ANNIES 2011 Awards

Both of Istanbul's airports have won awards in the ANNIES 2011 by leading airport data collation service Anna.Aero. Istanbul Ataturk was joint winner of the "Airport with the most new non-European routes" award, having added 8 new routes and lost one to Islamabad in the last year. The new routes...

Posted on 20 May 2011

Developments Securing Istanbul’s Place as one of World’s Great Cities

Istanbul continues to grow into one of the world's most impressive cities. This week it was revealed that Arista, an affiliate of Turkey’s Ar Group, is set to invest nearly $1 billion into new office and residence projects in the city. The news came in the same breath as we...

Posted on 13 May 2011

Turkish Exports Up 25% in April — 22% in Q1

Of all the news on the Turkish economy, the record exports in April is arguably the most significant. If you read like I do on the Turkish economy you will see that the news is overwhelmingly one-sided on the positive side, and that the negative news is almost all centred...

Posted on 05 May 2011

“Canal Istanbul” to Replace Bosporus as Istanbul Shipping Lane by 2023

Istanbul is making headlines again. Twice in one week. Just a few days after the world discussed plans to split Istanbul in two for easier governance, Prime Minister Recep Tayyip Erdogan has unveiled a grander if less controversial plan to create a new canal to bypass the Bosporus – although...

Posted on 28 April 2011