Menu

Category Archives: Turkey News

Turkey to be the home base of new Clio

Date: 09/03/2010 Turkey to be the home base of new Clio Updated Clio has found its new home, according to Renault’s Chief Operating Officer Patrick Pélata citing French car maker’s decision to base the production line of its popular super-mini in its Turkish plant. “Bursa will stay as the main...

Posted on 14 February 2011

Property investors optimistic on Istanbul

Date: 09/03/2010 Property investors optimistic on Istanbul Istanbul, Turkey’s biggest city, ranks at the top in real estate development expectations, according to a joint report by PricewaterHouseCoopers and the Urban Land Institute, or ULI. The city ranked fifth in new real estate purchases and stood at number seven in Europe...

Posted on 14 February 2011

European Invest Bank increases loans to Turkish energy and infrastructure projects

Date: 04/03/2010 European Invest Bank increases loans to Turkish energy and infrastructure projects The European Investment Bank (EIB) will provide up to EUR 2.6 billion in loans to Turkey in 2010, more than its target of two billion. Matthias Kollatz-Ahnen, EIB Vice President in charge of financing operations in Croatia...

Posted on 14 February 2011

TurkeyÂ’s exports increase by 20 percent in February 2010

Date: 04/03/2010 Turkey’s exports increase by 20 percent in February 2010 Turkey’s exports climbed by a robust 20 percent in February over the same month of the preceding year to USD 8.23 billion, with exports to European countries approaching their pre-crisis levels, Turkish Exporters Assembly (TIM) data have shown. TIM...

Posted on 14 February 2011

HSBC to grow in Turkey with acquisitions

Date: 24/02/2010 HSBC to grow in Turkey with acquisitions HSBC bank will seek to expand in Turkey via acquisitions, according to Piraye Antika, CEO of the bank’s Turkish unit. HSBC might buy portfolios, branches or a bank after expanding its network in the country to 334 branches from 150, said...

Posted on 14 February 2011

S&P upgrades TurkeyÂ’s credit rating

Date: 24/02/2010 S&P upgrades Turkey’s credit rating An eased debt burden along with directed government policies to stabilize and reform economic policy led to the upgrading of Turkey’s credit rating in an environment where nearly 100 downgrades have occurred, said Turkey’s Deputy Prime Minister Ali Babacan. Babacan, speaking to the...

Posted on 14 February 2011

Private equity investors favor Turkey

Date: 19/02/2010 Private equity investors favor Turkey Turkish companies are drawing in private equity funds that notice the country’s strong growth indicators in the wake of the financial crisis, according to an article posted by the news site businessneweurope.eu. In a story this week, the website pointed to Turkey’s large...

Posted on 14 February 2011

Turkey to be the worldÂ’s 13th largest economy in 2026

Date: 18/02/2010 Turkey to be the world’s 13th largest economy in 2026 Turkey will be the world’s 13th largest economy in 2026, according to data from the International Monetary Fund (IMF). Turkey, which was ranked 17th in the globe for its gross domestic product back in 1985, will step up...

Posted on 14 February 2011

Hugo Boss to move production to Turkey

Date: 18/02/2010 Hugo Boss to move production to Turkey Germany’s globally renowned clothing brand Hugo Boss has decided to end its textile production in Cleveland, Ohio and move its factory to Turkey. The upscale fashion brand has been manufacturing suits in Cleveland for over 30 years. Turkey’s textile manufacturing capability...

Posted on 14 February 2011

Turkey will be the fastest-growing economy in the post-crisis era says Babacan

Date: 12/02/2010 Turkey will be the fastest-growing economy in the post-crisis era says Babacan During the last quarter of 2009, the Turkish economy showed initial signs of recovery from the global economic crisis, while the worst of the crisis seems over, said Ali Babacan, Turkey’s Deputy Prime Minister for Economy....

Posted on 14 February 2011