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Moody’s upgrades Turkey’s rating on ‘economic resilience

Date: 11/01/2010 Moody’s upgrades Turkey’s rating on ‘economic resilience Turkey’s government bond rating was raised one notch to Ba2 at Moody’s Investors Service, which cited growing confidence in the government’s “financial shock-absorption capacity.” “The ability of the government and the country more generally to regroup when faced with a very...

Posted on 14 February 2011

Qatari royal family buys five-star hotel in Turkey

Date: 11/01/2010 Qatari royal family buys five-star hotel in Turkey Qatari royal family has bought a five-star hotel in Marmaris town of south western province of Mugla. The company, owned by Qatar's Amir Sheikh Ahmad Ali al-Thani, bought Munamar Hotel in Icmeler district in Marmaris, said the officials. Al-Maselah Construction...

Posted on 14 February 2011

Investment banking expects a bright year in Turkey

Date: 04/01/2010 Investment banking expects a bright year in Turkey Turkey’s investment banking is likely to see a fruitful year in 2010 with many opportunities, according to the executive of the Industrial Development Bank of Turkey (TSKB), the first private investment and development bank of Turkey. Initial public offerings (IPOs)...

Posted on 14 February 2011

Carrefoursa plans to open 100 additional stores in Turkey

Date: 04/01/2010 Carrefoursa plans to open 100 additional stores in Turkey Carrefoursa Supermarkets General Manager Guillaume Deruyter has announced plans to open 100 additional express stores and at least four more hypermarkets in Turkey. Providing employment opportunities for 7,500 people in stores scattered throughout the country, Carrefoursa is now planning...

Posted on 14 February 2011

Foreigners to apply for Turkish work permits over the Internet

Date: 04/01/2010 Foreigners to apply for Turkish work permits over the Internet Foreign nationals willing to work in Turkey will soon be able to file their applications over the Internet. In order to hasten the bureaucratic procedures, the Turkish Ministry of Labor and Social Security will accept work permit applications...

Posted on 14 February 2011

European Investment Bank grants EUR 718 million of funding to Turkey

Date: 18/12/2009 European Investment Bank grants EUR 718 million of funding to Turkey The European Investment Bank (EIB) has granted EUR 718 million of funding for rail transport, electricity distribution, energy efficiency and renewable energy projects in Turkey. The bank said in a statement that the EUR 293 million loan...

Posted on 14 February 2011

Global distress fails to shake Turkey’s tourism sector

Date: 18/12/2009 Global distress fails to shake Turkey's tourism sector Of the top ten tourist destination countries worldwide, only Turkey has managed to end the year with an increase in the number of visitors, despite the problems encountered in the industry worldwide, according to Turkey's Minister of Tourism, Ertugrul Gunay....

Posted on 14 February 2011

Turkey among fastest growing countries – says Citi Group banking

Date: 11/12/2009 Turkey among fastest growing countries – says Citi Group banking Citi Group has announced that Turkey is expected to see a 4.2 percent growth in 2010. Citi Group has determined that Turkey will be one of the countries to display the fastest growth in the economic recovery. The...

Posted on 14 February 2011

Turkish stocks may soar to record in 2010

Date: 11/12/2009 Turkish stocks may soar to record in 2010 The ISE (Istanbul Stock Exchange) National 100 Index jumped 3.7 percent in one day after Fitch lifted Turkey to BB+, the highest speculative-grade rating, citing the economy’s “resilience” during the global financial crisis. The gauge is “in a very strong...

Posted on 14 February 2011

Ritz-Carlton plans to open two more hotels in Turkey

Date: 11/12/2009 Ritz-Carlton plans to open two more hotels in Turkey International hotelier Ritz-Carlton plans to add two more hotels to its chain in Turkey, said the company head at a press meeting. Simon F. Cooper, President and Chief Operating Officer of the Ritz-Carlton Hotel Company, said they planned to...

Posted on 14 February 2011