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Category Archives: Turkey News

Turkey in the News; Istanbul – Trading Hub of the Region

Date: 10/02/2011 Turkey in the News; Istanbul - Trading Hub of the Region At the 2011 Central Asia & Turkey Hotel Investment Conference (CATHIC), which open on 7th February in Istanbul the co-organiser, Mr Jonathan Worsely said “We chose Turkey as a destination for the first CATHIC since it is...

Posted on 14 February 2011

Turkey in the News: Leading accountantÂ’s survey says Istanbul is the best place for property

Date: 07/02/2011Turkey in the News: Leading accountant’s survey says Istanbul is the best place for property In a recent survey by one of the world’s leading accountants PwC (PricewaterhouseCoopers LLP), 600 real estate professionals voted Istanbul the best place out of 27 European cities to buy or to develop properties....

Posted on 14 February 2011

Turkey In the News: Growth forecast to outpace Eastern Europe

Date: 02/02/2011Turkey In the News: Growth forecast to outpace Eastern Europe EBRD - European Bank for Reconstruction and Development - believes Turkey’s economic growth will continue though 2011. Reporting on Turkey EBRD said “The strong growth observed in 2010 is likely to continue in 2011,” and continues “Although Eastern European...

Posted on 14 February 2011

Turkey: Investment to increase in 2011

Date: 25/01/2011Turkey: Investment to increase in 2011 According to Nihat Ergun, Turkey’s Minister of Industry and Trade, from a macroeconomic point of view, Turkey is one of the few countries in the world that radiates confidence to global investors. Attending a Gaziantep Chamber of Industry meeting, Ergun is quoted as...

Posted on 14 February 2011

Turkey: 31 million tourists expected in 2011

Date: 21/01/2011Turkey: 31 million tourists expected in 2011 28 million foreign visitors went to Turkey in 2010 representing an increase of over 5 percent over 2009. In the Turkish Hoteliers Federation (TUROFED) annual tourism report, Mr Ahmet Barut, the President of TUROFED said “The total tourism revenue is expected to...

Posted on 14 February 2011

Turkey: Privatisation plans

Date: 21/01/2011Turkey: Privatisation plans Turkey has sold state-owned assets worth nearly USD 41 billion in recent years, and the head of the country’s privatisation agency has reported the Turkish Governments plans to launch an even more during 2011. "This year will be the year of the privatisation of power plants,"...

Posted on 14 February 2011

Turkey: Turkey to reach “investment grade” status in 2011

Date: 12/01/2011Turkey: Turkey to reach “investment grade” status in 2011 According to a HSBC Global Research report Turkey is expected to reach “investment grade” status in 2011. The report concludes the emerging markets will see the emerging markets involvement in the global economy pushing them into the world’s top 30...

Posted on 14 February 2011

Turkey: Car sales reach record high

Date: 12/01/2011Turkey: Car sales reach record high From official data Mr Hayri Erce, the General Coordinator of the Automotive Distributors’ Association has reported car sales reached 99,461 vehicles in December 2010 bring the total number of cars sales to 760,913 vehicles for 2010 - the highest number ever. This number...

Posted on 14 February 2011

Turkey: Istanbul traffic to ease with new bridge

Date: 05/01/2011Turkey: Istanbul traffic to ease with new bridge Mehmet Turhan the General Manager for KGM (The General Directorate of Highways) has indicated DPT – (The State Planning Organization) has given approval for tenders for the construction of the third Bosphorus bridge which will be held in February 2011. Mr...

Posted on 14 February 2011

Turkey: Global logistics company TNT Turkey grew by 25 percent in 2010

Date: 05/01/2011Turkey: Global logistics company TNT Turkey grew by 25 percent in 2010 TNT the global logistics company has announced that its Turkish division grew by over 25% in 2010. Mr Yasar Yigit, TNT’s Regional Director, said about this coming year 2011, “Having successfully completed our facilities and technical infrastructure,...

Posted on 14 February 2011