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Category Archives: Turkey News

Middle East’s largest private equity company eyes Turkey for investment

Date: 30/10/2009Middle East's largest private equity company eyes Turkey for investment Dubai-based Abraaj Capital, the Middle East's largest private equity company, is in advanced talks to invest in a logistics company, and is setting up a new fund worth at least USD 2 billion to exploit attractive valuations, said its...

Posted on 14 February 2011

Growth of Turkish economy could beat expectations next year

Date: 30/10/2009Growth of Turkish economy could beat expectations next year The Turkish economy could grow by more than the predicted rate of 3.5 percent next year, said Nihat Ergun, the Minister of Industry and Trade, adding that as tax revenues are expected to rise in line with economic growth, a...

Posted on 14 February 2011

Turkey, ItalyÂ’s most favored investment destination

Date: 27/10/2009Turkey, Italy’s most favored investment destination Turkey will attract the largest share of Italy's foreign investment, said Antonio Paoletti, the Vice President of the Italian Chambers of Commerce and the President of the Trieste Chamber of Commerce, on Monday, adding that they have been working to improve cooperation between...

Posted on 14 February 2011

London hosts the Turkish Investment Summit

Date: 27/10/2009London hosts the Turkish Investment Summit The Turkish Embassy in London and the European Bank for Reconstruction and Development (EBRD) are jointly organizing the "Turkish Investment Summit” this week. Speaking at the event, Alpaslan Korkmaz, President of the Investment Support and Promotion Agency of Turkey (ISPAT), said, “Turkey is...

Posted on 14 February 2011

New marina under construction in Turkey’s Çesme

Date: 27/10/2009New marina under construction in Turkey's Çesme IC Holding and Camper & Nicholsons rented the Çesme marina, which is currently under construction, for 25 years under the build-operate-transfer model in 2006. Çesme, a coastal town near the Aegean port city of Izmir, is about to get a new marina....

Posted on 14 February 2011

ECB President Trichet: Turkey makes successful reforms

Date: 21/10/2009ECB President Trichet: Turkey makes successful reforms Jean-Claude Trichet, President of the European Central Bank (ECB), said Turkey has made successful reforms in its EU economic adjustment process. In an exclusive interview with the AA news agency, Trichet highlighted the importance of Turkey's reforms in its EU membership process....

Posted on 14 February 2011

Turkey – European Free Zone to set up a wind power plant

Date: 21/10/2009Turkey - European Free Zone to set up a wind power plant The European Free Zone’s (EFZ) work on the construction of a 500 kilowatt per hour (kWh) wind power station are ongoing, said Zafer Atbakan, General Manager of the zone, located in the industrial center of the Tekirdag...

Posted on 14 February 2011

Italian ambassador: EU needs Turkey more than Turkey needs it

Date: 12/10/2009Italian ambassador: EU needs Turkey more than Turkey needs it Italian Ambassador to Ankara Carlo Marsili said Europe can only be a global actor with Turkey’s membership. In an interview with Star daily, Marsili stated, “A person only needs to spend 48 hours in Turkey to understand that the...

Posted on 14 February 2011

Turkey – Countdown for oil, natural gas exploration in the Black Sea

Date: 12/10/2009Turkey - Countdown for oil, natural gas exploration in the Black Sea The Turkish Minister of Energy and Natural Resources Taner Yildiz said this week that Turkey could launch an oil and natural gas exploration project off the Black Sea coast before the year end. Speaking to reporters ahead...

Posted on 14 February 2011

IMF expects rapid growth in Turkish economy in 2010

Date: 06/10/2009IMF expects rapid growth in Turkish economy in 2010 The International Monetary Fund (IMF) head said on Sunday that if Turkey continues to implement sound economic practices, it could achieve an economic performance better than macroeconomic expectations. In an exclusive interview with the AA correspondent in Istanbul, which is...

Posted on 14 February 2011