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Category Archives: Turkey News

Is the EU missing out by its attitude toward Turkey?

Istanbul, 23 February 2012 - Mr Egemen Bagis, Turkey's EU Minister, speaking at the 68th Meeting of Turkey - EU Joint Parliament Commission being in Istanbul said 2012 will be a tough year for Turkey’s EU membership process because Greek Cyprus would be the president of the rotating EU Presidency...

Posted on 24 February 2012

China “Turkey has become one of the most attracting countries in the world”

Istanbul, 22 February 2012 - At the Turkey - China Economic and Commercial Cooperation Forum held in Istanbul today, Xi Jinping, the Chinese Vice President, announced that Chinese and Turkish business had signed agreement worth 4.3 billion USD, commenting "Turkey has become one of the most attracting countries in the...

Posted on 24 February 2012

Turkey to become regional centre for Vodafone

Istanbul, 21 February 2012 – At a recent launch ceremony Vodafone Turkey’s Chief Technology Officer, Jorge Fernandes, has said that Vodafone is to make Turkey its regional HQ for its Middle East and North Africa operations. At the opening ceremony of Vodafone’s new network operation centre in Istanbul, Fernandes said...

Posted on 21 February 2012

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

Turkish Airlines African expansion plans

Istanbul, 17 February 2012 - Speaking at a recent conference held by the Union of European Turkish Democrats meeting in Germany, Mr Temel Kotli, Turkish Airlines General Manager, announced the company is adding 8 new flights to its African route network of 18 destinations. Kotli said . “Africa is increasingly...

Posted on 17 February 2012

Turkey’s unemployment down for second month running

Istanbul, 16 February 2012 - The Turkish Statistical Institute has announced that for the second month in a row the Turkish unemployment rate has fallen. The rate for November 2011 fell to 9.1 percent which also compares with 11 percent for November 2010. The total number of unemployed is just...

Posted on 17 February 2012

Turkey’s foreign direct investment up 74 percent

Istanbul, 15 February 2012 - Turkey’s foreign direct investment for 2011 reached 15.7 billion USD including property purchases and loans from foreign owned investors to their local Turkish subsidiaries. This amount represented a 74 percent increase on 2010. When outgoing foreign direct investments are taken into account the net inflow...

Posted on 16 February 2012

Turkey’s privatisation programme announcements

Istanbul, 14 February 2012 - Deputy President of Turkey’s Privatization Administration, Mr Ahmet Aksu, has said the privatisation process for Turkey’s highways network is set to start in June. Reports suggest the two Bosphorus Bridges and the associated Istanbul ring roads will be amongst the programme of privatisation as well...

Posted on 14 February 2012

India’s Tata Group looking at investing in Turkey

Istanbul, 13 February 2012 - In a recent newspaper interview Managing Director of TATA Power, Mr Anil Sardana, has put Turkey on the list as one of the places the company may invest. Sardana said TATA Power intends to increase its power production from just under 4,000 MWs to 10,000...

Posted on 14 February 2012

Foreign investment continues to flow into Turkey

Istanbul, 10 February 2012 – Results in a survey conducted by the International Investors Association of Turkey shows Foreign Direct Investment into Turkey is expected to reach 15 billion USD in 2012 - 2 billion USD more than the estimated 2011 figures. Commenting on the survey, Izzet Karaca, Chairman of...

Posted on 10 February 2012