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Category Archives: Turkey News

Germany’s Bosch Group to increase investment in Turkey

Bosch, Germany’s domestic appliance and automotive company, has announced plans to invest 400 million Euros in Turkey according the Bosch Board Member Mr Rudolf Colm. “Turkey offers tremendous opportunities in solar energy that Bosch cannot afford to ignore” said Colm adding “We plan to invest an additional 400 million Euros...

Posted on 21 April 2011

Ebay Buys Majority Stake in Turkish Auction Site

eBay has increased its stake in GittiGidiyor.com one of Turkey’s leading auction sites. eBay originally bought the minority stake in 2007 and with its new investment eBay will increase its ownership of GittiGidiyor.com to 93%. The transaction should be completed by Q2 2011. 13 April 2011 - Invest in Turkey

Posted on 20 April 2011

Turkish Exports expected to grow 20 percent

Mr Zafer Caglayan, Turkey’s State Minister for Foreign Trade, said according the Foreign Trade Expectations Survey conducted by DTM (Undersecretariat of Foreign Trade) amongst the 500 leading Turkish import and export companies the export expectation index has risen to 142.9 for 2011 Q2 from 122.7 in 2011 Q1 – an increase...

Posted on 19 April 2011

Turkey: Unemployment rate goes down

Figures released from TurkStat (The Turkish Statistical Institute (TurkStat) show that Turkey's unemployment rate went down to 11.9 percent in January 2011 compared with 14.5 percent in January 2010. The TurkStat report shows the number of people unemployed in Turkey is now 3 million, the unemployment in non-farming businesses went...

Posted on 18 April 2011

Turkey in the News: Budget surplus for January and February 2011

Date: 16/03/2011 Turkey in the News: Budget surplus for January and February 2011 The Turkish Ministry of Finance has announced a budget surplus of USD 630 million for January and February 2011 which Mr Mehmet Simsek, the Turkish Minister of Finance said is the first time in the last 28...

Posted on 17 March 2011

Turkey in the News: December unemployment rate down

Date: 16/03/2011 Turkey in the News: December unemployment rate down Turkey’s December 2010 unemployment rate decreased 2.1% to 11.4% in December 2010 – this down from 13.5% for the same month in the previous year. According to Turkstat (Turkish Statistics Institute) the jobless numbers was down by 432,000 in December...

Posted on 17 March 2011

Turkey in the News: Russia’s Gazprom says “Turkey has massive investment potential”

Date: 24/02/2011 Turkey in the News: Russia’s Gazprom says “Turkey has massive investment potential” Vice Chairman of Russia’s major energy company Gazprom, Mr Alexander Medvedev, has said because of Turkey’s fast economic growth Gazprom intends to increase their operations in Turkey. Mr Medvedev said “We have a long and successful...

Posted on 15 March 2011

Turkey in the News: Even the Spanish are investing in Turkey

Date: 24/02/2011 Turkey in the News: Even the Spanish are investing in Turkey In a recent report, Expansion, a leading Spanish business newspaper has published an article on Turkey’s energy and infrastructure projects saying “Turkey is about to undertake a massive modernization program, worth more than USD 150 billion”. The...

Posted on 15 March 2011

Turkey in the News: Private equity funds investing in Turkish companies

Date: 18/02/2011 Turkey in the News: Private equity funds investing in Turkish companies According to data collected by Radikal (the Istanbul published daily Turkish language newspaper) private equity funds invested 283 million USD in Turkey last year. Continue reading “Turkey in the News: Private equity funds investing in Turkish companies”...

Posted on 15 March 2011

Turkey in the News: Turkish mobile users drive growth

Date: 18/02/2011 Turkey in the News: Turkish mobile users drive growth According to Vodafone chief Vittorio Colao internet access from Vodafone mobile phones is rising strongly in emerging countries. Continue reading “Turkey in the News: Turkish mobile users drive growth” »

Posted on 15 March 2011