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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

Swiss chocolate maker to invest in Turkey

Istanbul, 3 November 2012 - Barry Callebaut, the Swiss chocolate and cocoa products maker, has announced plans to invest 15 million CHF in a new factory in Eskisehir in Turkey. The new factory will have a production capacity of 15,000 tons per year and is expected to create 50 new...

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