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Turkey’s economy just keeps growing

Date: 03/07/2007 Turkey's economy just keeps growing Numbers released by the Turkish Statistics Institute shows the Turkish economy (GNP) grew 6.7 percent in real prices, for the first quarter of 2007, making 21 quarters of uninterrupted growth. It is also reported that GDP grew by 6.8 percent over the same...

Posted on 14 February 2011

Mind The GAP

Date: 21/06/2007 Mind The GAP GAP, the international clothes retailer, has announced plans to open 90 Gap stores and 20 Banana Republic outlets in Turkey and Saudi Arabia over the next five years. The outlets will be opened through GAP’s franchise partners, Fiba Holding A.S. in Turkey and Fawaz Alhokair...

Posted on 14 February 2011

Dutch Bank Buys in Turkey

Date: 19/06/2007 Dutch Bank Buys in Turkey ING, the Dutch banking and insurance group, has moved into the Turkish banking sector with the $2.67bn cash acquisition of Oyak Bank. ING said it would invest to rapidly extend market share by opening branches, improving marketing and expanding internet banking. Michel Tilmant,...

Posted on 14 February 2011

Spain goes turkish

Date: 19/06/2007 Spain goes turkish At a series of meetings held in Istanbul, the Spanish Commercial attaché Francisco J. Alfonso said that Spain seeks to intensify its presence in Turkey. He went on to say, ““Excluding intra-European community trade, Turkey is our largest trade partner after the United States, but...

Posted on 14 February 2011

British Companies Give Turkey Vote of Confidence

Date: 19/06/2007 British Companies Give Turkey Vote of Confidence Aviva, better known as Norwich Union, the largest UK insurer, is expanding its life and pensions business in Turkish market though a merger with joint venture with Akbank. Aviva's Turkish expansion is the latest move in a fast-growing market that is...

Posted on 14 February 2011

Blue Flag Awards for Turkey

Date: 11/06/2007 Blue Flag Awards for Turkey At the Blue Flag Awards on 5th June 2007 235 beaches in Turkey were awarded the prestigious Blue Flag including: 166 in Antalya region; 58 in Mugla region and 20 in Aydin region. 14 marinas were also awarded Blue Flags including: 4 in...

Posted on 14 February 2011

American Bank Buys into Departmental Stores in Turkey

Date: 04/05/2007 American Bank Buys into Departmental Stores in Turkey Citigroup to buy shares in Boyner, Beymen Citigroup’s, Venture Capital International (CVCI) will purchase 30 percent of Boyner and 50 percent of Beymen department stores. The talks following the letter of intent has been signed February 12, have been finalized....

Posted on 14 February 2011

Turkey is Tops in Tourism

Date: 04/05/2007 Turkey is Tops in Tourism Of all OECD countries, Turkey ranked first as the country with the highest increase of foreign tourists between the years 1990 and 2005, with a 241.4 percent increase. The number of foreign tourists coming to Turkey increased from less than 10 million in...

Posted on 14 February 2011

Grant Thornton Report – Turkey “the next generation.”

Date: 04/05/2007 Grant Thornton Report – Turkey “the next generation.” In a recent report, Grant Thornton, the international accounting firm, predict that Turkey may overtake the BRIC (Brazil, Russia, India & China) group in terms of growth. "While the BRIC economies lead the emerging markets, opportunities are evident for others...

Posted on 14 February 2011

Swiss Investment into Turkey

Date: 27/04/2007 Swiss Investment into Turkey ISTANBUL 27 April 2007 Mövenpick Hotels & Resorts, the Swiss international hotel chain who have been operating in Turkey since 2003, plans to open two new hotels in Turkey. The President of Movenpick., Jean Peres, said “We have always believed in the potential growth...

Posted on 14 February 2011