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State-Owned Turkish Property Developer in 1 Billion TYR IPO

State-owned Turkish real estate developer is selling a 25% stake of the company in an Initial Public Offering next week. The firm is selling 625million shares at between 1.60 and 2.15 Turkish Liras each. Doing the math that is a valuation of 1 billion liras (at the lowest price of...

Posted on 07 November 2010

Turkish Employment to be Boosted Massively by Turkish Silicon Valley

Nihat Ergün, Turkish minister for industry and trade has said that Turkey's first “Silicon Valley” will be based between Kocaeli and İstanbul. Publication Today's Zaman has learned that the valley will be span 1100 acres of land, in what is recognised as the most industrialised region of Turkey. Ergün said...

Posted on 05 November 2010

Turkey Property: Top of the Props October

Well, it's been well over a month since we looked at the top performing properties, and we thought it would be good to take a look. For those reading for the first time, we recently started compiling data on the most reviewed properties on the Spot Blue website. We last...

Posted on 03 November 2010

Turkey to Become Regional Call Centre Hub

Turkey is to become a regional call centre hub because of its young dynamic population, as well as its unique geographic location experts are predicting. Turkey has a lot to offer global companies looking to outsource their tele-sales, tele-marketing and customer services operations to another country, Deniz Babucoglu, the Turkish...

Posted on 29 October 2010

Turkey Most Suitable Candidate for Seat on IMF Executive Board

With each passing week and month Turkey continues to impress investors more and more. The Turkish economy is now one of the fastest growing economies in the world. The latest news is that Turkish exports increased by a further 5.5% year on year in September, to 8 950 Million USD....

Posted on 28 October 2010

Bloomberg: Turkey, Enjoy Your Property Boom For as Long as it Lasts

Turkey is experiencing a PROPERTY BOOM. The country's real estate developers are the stars of the stock market. Those are not lines you hear every day, especially not in a Bloomberg video special but that is what we heard today. Unfortunately the report was typical of mainstream reports; in that...

Posted on 27 October 2010

Steps Forward in Turkey/EU Integration

This week saw some pretty significant developments in Turkey's integration into Europe. Firstly, foreign minister Ahmet Davutoglu signed a partial visa-free deal with Portugal on an official visit to Lisbon. Once ratified by both parliaments the deal will allow citizens who hold special visas in both countries to travel to...

Posted on 22 October 2010

Turkish Property Shines as Best Performing Regional Market

Turkey is recovering from the global financial crisis strongly, with its economy ranked as one of the best and most stable performers in the region, according to a recent report from real-estate brokerage Cushman & Wakefield. Real estate investment brokerage Cushman and Wakefield have reported that Turkey is one of...

Posted on 21 October 2010

Unemployment set to Fall as Tesco Invests in Turkey

Tesco is happy with growth statistics from its Kipa chain of stores in Turkey, and will continue its investments the country's retail sector, according to a spokesperson for the country. Tesco CEO and Operations Director Tony Hoggett, outlined new store concepts and future plans for Turkey. “Turkey’s credit ratings are...

Posted on 15 October 2010

Turkish Airlines Doubles Long Distance Fleet with 12 Shiny New Boeing 777s

Turkey's flagship airline is doubling its long-range fleet with the addition of 12 new Boeing 777 300ER aircraft. The first was delivered in a handover ceremony in Boeing headquarters in Seattle, USA. "The extended fleet will double THY’s long-range capacity", said THY Executive Board Chairman Hamdi Topcu, adding that 60...

Posted on 14 October 2010