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EU commissioner expects Turkey to join EU in 10-15 yrs

Date: 26/04/2008EU commissioner expects Turkey to join EU in 10-15 yrs EU Commissioner for Enlargement Olli Rehn said he expects Turkey to become a member of European Union (EU) within 10 or 15 years should it continue reforms decisively, the Anatolian Agency reported on Monday. The EU has been planning...

Posted on 14 February 2011

Allianz pays $600 mln for majority stakes in two Turkish insurers

Date: 26/04/2008Allianz pays $600 mln for majority stakes in two Turkish insurers German insurer Allianz SE is paying nearly $600 million to raise its stake in two Turkish insurers to a majority, bolstering its position in Turkey's fast-growing and under-insured market. Allianz and Turkish conglomerate Koc Holding said on Monday...

Posted on 14 February 2011

Turkey is an attractive country for the foreign investors

Date: 26/04/2008Turkey is an attractive country for the foreign investors According to the survey conducted by Ernst&Young, for foreign investors, Rumania is the most attractive country in Southeastern Europe while Turkey ranks second. According to the survey results, Rumania ranks first in terms of the investment attraction with a share...

Posted on 14 February 2011

TurkeyÂ’s Mediterranean Antalya region is twice as popular as the Aegean Mugla region for foreigner buyers.

Date: 11/04/2008Turkey’s Mediterranean Antalya region is twice as popular as the Aegean Mugla region for foreigner buyers. According to figures released by the Land Registry General Directorate, 73,000 foreigners own 38.42 million square meters of real estate in Turkey. In terms of the number of foreigners owning real estate, Antalya...

Posted on 14 February 2011

IMF predicts Turkey to become world’s 15th largest economy

Date: 11/04/2008IMF predicts Turkey to become world's 15th largest economy The IMF on Wednesday published its predictions on countries for the 2006-2013 period in its World Economic Outlook, assessing Turkey with its new figures, which the Turkish Statistics Institute (TurkStat) updated in accordance with a new basis year. Turkey had...

Posted on 14 February 2011

World famous restaurant serves up in Istanbul.

Date: 04/04/2008World famous restaurant serves up in Istanbul. Istanbul has become one of the top destinations for international restaurants and culinary institutions to establish branches in. An excellent new example is the hip Asian restaurant Zuma London which has opened a branch in Radisson SAS Bosphorus Hotel in Istanbul This...

Posted on 14 February 2011

Siemens to invest £785,000,000 in Turkey

Date: 04/04/2008Siemens to invest £785,000,000 in Turkey The Turkish unit of German engineering group Siemens will make investments of 1 billion euros ($1.55 billion) over the next four years, Siemens Turkey general manager Huseyin Gelis said. The investments will include the construction over three years of a 200 million euro...

Posted on 14 February 2011

Turkish Airlines joins prestigious Star Alliance

Date: 03/04/2008Turkish Airlines joins prestigious Star Alliance Turkish Airlines holds a ceremony in Istanbul yesterday upon joining the Star Alliance union of major carriers attended by member airlines’ chief executives. Turkish Airlines (THY) General Manager Temel Kotil has said the airline’s membership in the Star Alliance has ensured that his...

Posted on 14 February 2011

Turkey ‘ Truly Tremendous’

Date: 22/03/2008Turkey ' Truly Tremendous' The Turkish Minister for foreign trade, Kursad Tuzmen, found the time to share with us his vision of the future of Turkey and the ties that can be forged between Turkey and India. The dynamic structural transformation process that the Turkish economy has been undergoing...

Posted on 14 February 2011

Istanbul property returns may surpass London

Date: 22/03/2008Istanbul property returns may surpass London Moscow and Istanbul real estate investment returns may surpass Paris and London as emerging-market economies grow at a faster pace than western Europe, according to a survey of investors, brokers and analysts. London dropped to 15th place out of 27 cities for 2008,...

Posted on 14 February 2011