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Category Archives: Turkey News

The next Apple may come from Turkey

5 December 2011, Istanbul - “The next Steve Jobs may well be a Turk” said the US Vice President Joe Biden speaking during the 2nd Global Entrepreneurship Summit in Istanbul. Biden said “I was not surprised to hear our (US) Ambassador to Ankara saying that the next Steve Jobs may...

Posted on 05 December 2011

Turkey supplies to European aerospace company

1 December 2011, Ankara - Eurocopter, the Franco German Spanish aerospace company, has picked Turkish made imaging systems and fire and control systems are to be fitted to their EC-635 helicopters. Thomas Hein, Eurocopter’s VP, recent said “Turkish defense products are cost effective, high quality, and come free of export...

Posted on 01 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

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

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 visitors just keep going up

27 October 2011, Istanbul - According to the Turkish Ministry of Culture and Tourism recently released data Turkey is now one of the world’s favourite tourism destinations with over 25 million visitors in the first 9 months of 2011. In September alone almost 4 million visitors went to Turkey, an...

Posted on 27 October 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

South Korea’s Hyundai says Turkish quality is “outstanding”

25 October 2011, Istanbul - Speaking at the 2011 Izmir Autoshow Fair, Umit Karaaslan, Hyundai’s (Turkey) General Manager, indicated that the South Korean car manufacturing car company plans to double its production in Turkey. Karaaslan said “Hyundai’s decision process for the Turkey investment is in its final stage and works...

Posted on 25 October 2011

Turkey’s unemployment drops again

18 October 2011, Istanbul - According to data released by TurkStat (Turkish Statistics Institute) Turkey’s unemployment has fallen to just over 9 percent for July 2011, down from 10.6 percent for the same period in 2010. The data revealed employment increased by nearly 1.5 million to reach 24.95 million employed....

Posted on 18 October 2011