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Category Archives: Turkey News

Turkey: Foreign interest mounts in TurkeyÂ’s retail sector

Date: 30/07/2010Turkey: Foreign interest mounts in Turkey’s retail sector Turkey’s organized retail sector is bent on expanding with the increasing number of shopping malls opening all over the country. There are currently 247 shopping malls in service, and by the end of 2011, 62 more will have been built, increasing...

Posted on 14 February 2011

Turkey: Fund manager Mark Mobius to increase investments in Turkey

Date: 30/07/2010Turkey: Fund manager Mark Mobius to increase investments in Turkey Globally renowned investor and fund manager Mark Mobius is planning to increase his assets of Turkish stocks. The Executive Chairman of Templeton Asset Management, Mobius cited attractive prices and long-term potential when assessing the Turkish economy. “We have already...

Posted on 14 February 2011

Turkey: British PM says Turkey-Britain to double trade

Date: 28/07/2010Turkey: British PM says Turkey-Britain to double trade The British Prime Minister David Cameron, currently on an official visit to Turkey, has praised the Turkish economy and its growth figures, calling for increased trade ties between the two countries. Cameron’s visit to Turkey is his second foreign tour after...

Posted on 14 February 2011

Turkey: Dabur India acquires Turkish cosmetics producer Hobi

Date: 28/07/2010Turkey: Dabur India acquires Turkish cosmetics producer Hobi Dabur India, one of the largest producers of personal care products in India, has announced the acquisition of Turkish cosmetics company Hobi Kozmetik. According to the Indian daily, Economic Times, the acquisition deal cost Dabur India USD 69 million. The 125-year...

Posted on 14 February 2011

Turkey: More flights to Turkey and Cyprus

Date: 23/07/2010Turkey: More flights to Turkey and Cyprus Turkish airline Pegasus has added more flights from the UK to Turkey and Northern Cyprus during the summer peak to fill the gap left by the grounding of Cyprus Turkish Airlines' services. The low-cost carrier, which already operates a daily service from...

Posted on 14 February 2011

Turkey: US Ex-Im Bank to provide USD 1 billion loan to Turkish energy projects

Date: 23/07/2010Turkey: US Ex-Im Bank to provide USD 1 billion loan to Turkish energy projects The Turkish Ministry of Energy and Natural Resources has signed a memorandum of understanding (MoU) with the Export-Import Bank of the US (Ex-Im Bank) to provide financing for renewable energy and energy efficiency projects in...

Posted on 14 February 2011

Turkey: Qatari investors to buy Turkish hospital group Memorial

Date: 21/07/2010Turkey: Qatari investors to buy Turkish hospital group Memorial The modern healthcare facilities and hospitals, along with expert personnel, make Turkey’s internationally recognized healthcare industry seem the perfect growth base for foreign investors. The Memorial Group of Hospitals in Turkey is nearing the conclusion of its talks with Qatari...

Posted on 14 February 2011

Turkey: Pirelli to produce Formula One tyres in Turkey

Date: 21/07/2010Turkey: Pirelli to produce Formula One tyres in Turkey Italian tyre manufacturer Pirelli has won the exclusive rights to supply tyres for Formula One racing teams between 2011-2013. The tyres to be used in the world’s most popular and prestigious motor sports event will be produced in Pirelli’s Turkey...

Posted on 14 February 2011

Turkey: Property sales to foreign nationals reach USD 14.4 billion

Date: 19/07/2010Turkey: Property sales to foreign nationals reach USD 14.4 billion The number of foreign nationals purchasing property in Turkey has reached new heights in recent years, as the country’s real estate market keeps growing. In a period of eight years, between 2002 and 2010, 85,676 people of foreign nationality...

Posted on 14 February 2011

Turkey: Foreign investors interested in Karbogazi Ski Resort

Date: 19/07/2010Turkey: Foreign investors interested in Karbogazi Ski Resort Karbogazi Ski Resort in the Tarsus district of the southern Anatolian province of Mersin has recently been under close watch by foreign investors, as the region is slated to become a winter sports center. A joint venture by Egyptian and German...

Posted on 14 February 2011