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Category Archives: Turkey News

Turkey: Akbank expects Turkey to acquire investment grade status in 2011

Date: 15/11/2010Turkey: Akbank expects Turkey to acquire investment grade status in 2011 One of Turkey’s leading banks expects Turkey to receive “investment grade” status in 2011. According to Akbank Turkey’s standing as a low-risk country for lenders ranks lower than comparable countries indicating a rating upgrade. Rating agencies are expected...

Posted on 14 February 2011

Turkey: 135 Mw wind farm commissioned

Date: 01/11/2010Turkey: 135 Mw wind farm commissioned A 54 turbine green energy wind farm has been commissioned at Gokcedag in the southern province of Osmaniye, making it the largest wind farm facility in Turkey. Comissioned by the Zorlu Group through its Zorlu Enerji division the Gokcedag wind farm is capable...

Posted on 14 February 2011

Turkey: Turkey is likely to become an executive board IMF member

Date: 26/10/2010Turkey: Turkey is likely to become an executive board IMF member Following the G20 meeting of Central bankers & Finance Ministers held in South Korea, ) Dominique Strauss-Kahn, the Managing Director of the IMF (International Monetary Fund) the EU’s decision to give up 2 of its seats on the...

Posted on 14 February 2011

Turkey: THY adds new aircraft to increase its long range capacity

Date: 19/10/2010Turkey: THY adds new aircraft to increase its long range capacity Turkish Airlines is increasing it long range capacity with the addition of twelve Boeing 777 300ER. At the hand over ceremony in Seattle the Turkish Airlines Executive Board Chairman, Hamdi Topcu said “The extended fleet will double THY’s...

Posted on 14 February 2011

Turkey: US Procter & Gamble launchs new products in Turkish market

Date: 19/10/2010Turkey: US Procter & Gamble launchs new products in Turkish market P&G’s Chief Executive Officer Robert McDonald said “Turkey is expected to be one of the fastest growing countries until 2020 and the impressive growth rate makes Turkey a priority market for P&G,” Based in the US, P&G, the...

Posted on 14 February 2011

Turkey: Candidate for IMF Executive Board ?

Date: 11/10/2010Turkey: Candidate for IMF Executive Board ? John Lipsky, First Deputy Managing Director of the International Monetary Fund (IMF) Executive Board has indicated that Turkey is a strong candidate for a place on the IMF Executive Board. Turkey’s GDP could reach approximately USD 790 billion in 2011, according to...

Posted on 14 February 2011

Turkey: IMF raises economic forecast

Date: 11/10/2010Turkey: IMF raises economic forecast Because of the stronger than expected consumer spending the IMF indicated that Turkey’s economy may increase by 7.8 percent this year, which is more than double the pace in other emerging European markets, said the International Monetary Fund, Turkey is recovering from the global...

Posted on 14 February 2011

Leading Turkish developer opens arms to UK

Date: 06/10/2010Leading Turkish developer opens arms to UK Soyak, one of the largest residential real estate developer in Turkey is utilising Spot Blue, the expert Turkish agency, to bring their Istanbul developments to an international market. After today’s announcement by Moody’s to upgrade the economic status of this ‘robust’ country...

Posted on 14 February 2011

Turkey: OECD says Turkey is one of the strongest in OECD in 2010

Date: 16/09/2010Turkey: OECD says Turkey is one of the strongest in OECD in 2010 When most other members of the Organization for Economic Co-operation and Development (OECD) financial difficulties, OECD has praised Turkey’s for its economic stability and growth performance. In a joint press conference held in Ankara with Turkish...

Posted on 14 February 2011

Turkey: S&P indicating an upgrade in TurkeyÂ’s credit rating

Date: 16/09/2010Turkey: S&P indicating an upgrade in Turkey’s credit rating With Turkey’s growth in double figures for the second quarter of 2010, Turkey’s strong economic performance is once again coming to the attention of the credit rating agencies. Turkey has twice been upgraded during the current global economic crisis and...

Posted on 14 February 2011