Menu

News

Pfizer opens vaccine factory in Turkey

Istanbul, 24 November 2012 – Pfizer, a leading global pharmaceutical company, has opened its pneumococcal conjugate vaccine factory in Istanbul. The vaccine is used in fighting pneumococcal diseases in infants and young children and is part of Turkey’s Childhood National Immunization Program run by the Ministry of Health. Source: Invest...

Posted on 28 November 2012

Turkish designed and engineered Ford Transit launched

Istanbul, 22 November 2012 - Ford is to launch its entirely Turkish designed and engineered Transit Connect Wagon minivan at the Los Angeles Motor Show. Commenting on the new vehicle, Haydar Yenigun, Director General of Ford Otosan said . “The complete design and engineering work of the new Transit Connect...

Posted on 28 November 2012

Turkey Takes Steps to Develop Business and Trade Ties with Egypt

Turkey is taking extensive steps to develop and strengthen trade and business ties with Egypt. A recent business mission visited Cairo for the Turkey-Egypt Business Forum, and was headed by Turkish Prime Minister Recep Tayyip Erdogan. The mission included nine Cabinet ministers and three hundred and fifty business people. The...

Posted on 24 November 2012

Istanbul’s New Airport to Be Built on Old Coal Mines

It was recently announced during a parliamentary session on next year's budget that Istanbul's new airport, which will be the city's third, will be built in northern Istanbul. According to the transport minister, Binali Yildrm, it is to be constructed on top of old coal mines that will be filled...

Posted on 23 November 2012

Turkish Tourism Going from Strength to Strength… to Strength

Turkey's tourism industry is still performing strongly in spite of the continuing global economic downturn as the country is now ranked in the top 10 most visited countries by the UN World Tourism Organization. It is the sixth most visited country in the world, and is especially popular with visitors...

Posted on 15 November 2012

Turkey increases R&D by 20 percent

Istanbul, 12 November 2012 - Figures recently issued by the Turkish Statistical Institute shows expenditure on R&D (research and development) in Turkey is up by over 20 percent in 2011 compared with the year before and reached 6.2 billion USD. The annual survey shows 92,801 employees (full time equivalent) are...

Posted on 14 November 2012

Global oil companies buy share in Trans-Anatolian gas pipeline

Istanbul, 10 November 2012 - BP, Total and Statoil have reached agreement with the Azeri state oil company SOCAR to buy a 29% stake in the Trans-Anatolian gas pipeline which will bring gas throughTurkey to European markets. With a 51 percent stake in the pipeline SOCAR remains the main backer...

Posted on 14 November 2012

Turkey’s September industrial production increases

Istanbul 9 November 2012 - Data released by the Turkish Statistical Institute showed Turkey’s industrial output increased by 6.2 percent in September 2012 (compared with the same period in 2011) and  3.9 percent over the previous month.Turkey’s exports also showed gains of 21 percent in September compared with the previous...

Posted on 13 November 2012

Istanbul’s New Banking Centre Project May Be Worth $2.6 Billion

If it goes ahead then Istanbul's new finance centre could one day become a hub capable of rivaling any other Middle Eastern banking hub. The project is predicted to cost $2.6 billion, making it the largest non-transportation project ever undertaken in the country. It's just one of a number of...

Posted on 09 November 2012

Spot Blue’s David Walker takes on Goldman Sachs ‘Goliath’

NEWS RELEASE DATE: 8th NOVEMBER, 2012 Spot Blue’s David Walker takes on Goldman Sachs ‘Goliath’ for the crown of Turkey’s biggest “supporter”   Founding director of Spot Blue Overseas Property was last night recognised for his on-going commitment to growing Anglo-Turkish trade and business when he was runner up forTurkey’s...

Posted on 08 November 2012

Turkey Gets Its Investment Grade Status

Turkey is has finally got the investment grade rating it has strove for for so long, as Fitch upgraded the country to the investment grade rating of BBB-. Analysts are split as to what the effects of the upgrade will be. Some suggest, as has long been the consolation, that...

Posted on 07 November 2012

Fitch Ratings upgrades Turkey

Istanbul, 5 November 2012 - Fitch Ratings has upgraded Turkey’s foreign currency credit rating from BB+ to BBB- and Turkey’s local currency’s rating two notches from BB+ to BBB. A statement from Fitch says “Fitch believes that the Turkish economy is on track to return to a sustainable growth rate,...

Posted on 06 November 2012

Ford moves Transit van production to Turkey

Istanbul, 2 November 2012 – The Ford Motor Company has announced plans to close its UK Southampton factory and its Belgium factory and move its Transit van production to its factories inTurkey. Ford will to concentrate its van production with Turkey becoming its sole Transit range maker. Ford Turkey, a...

Posted on 06 November 2012

Canadian gold miner investing in Turkey

Istanbul, 1 November 2012 – Alamos Gold, the Canadian gold mining company, has announced plans to invest 1 billion USD in the Biga peninsula in westernTurkey. The investment will be spread over two projects, Kirazli and Agi Dagi. The company has already invested 35 million USD in feasibility studies and...

Posted on 06 November 2012

Istanbul Construction Boom Shows Growing Prowess of the City

The city of Istanbul is booming, as construction sites are springing up all over the place. One such project is the Zorlu Centre, a $2.5 billion site that includes luxury boutiques and a Raffles Hotel. Almost half of the 1.5 million Dollar-a-piece apartments have already been snapped up by wealthy...

Posted on 02 November 2012

Turkish Trade Deficit Sees Big Decrease, Other News

The foreign trade deficit is known to be one of Turkey's few remaining economic problems. However, according to the latest data the foreign trade deficit shrank by almost 35% on the year in September. The figures, from Turkstat show that a 21% increase to $13 billion in exports, combined with...

Posted on 01 November 2012

Turkey Set To Expand Its Pharmaceutical Business

The Turkish pharmaceutical industry is expected to expand substantially during the next few years, and sales of drugs could reach $23.3 billion by 2023, up from just $5 billion in 2011. These figures come from a report by Pricewaterhouse Coopers which was commissioned by the pharmaceutical industry, but are based...

Posted on 26 October 2012

Turkish Airlines Increase Arabian Flights

Another week another new Turkey flight to widen the country's already impressive accessibility to tourists and property buyers from around the world. This week we have new flights from Pegasus Airlines from Istanbul. One is a thrice-weekly route between Istanbul and Lviv in Ukraine, and the other is a 4-times...

Posted on 25 October 2012

Selling a House In Turkey: Price to Sell

This article is about Turkey, but it could be about anywhere, sellers make the same mistakes and the same principles apply to selling a house pretty much everywhere. The best piece of advice that anyone can give to a seller is to get their asking price right the first time....

Posted on 24 October 2012

Dubai developer launches second project in Istanbul

Istanbul, 22 October 2012 - Dubai’s Emaar Properties is set to build a new development in Istanbul with over 1,000 luxury homes, a 190-room 5 Star hotel, offices, a shopping mall and a leisure complex with an underwater zoo, family entertainment complex, ice skating rink and movie theatre. The centre...

Posted on 23 October 2012