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Turkey’s exports increase again

Istanbul, 20 October 2012 - According to data released by the Turkish Exporters’ Assembly exports increased by 7.4 percent to 11.4 billion USD in September 2012 compared with the same period in 2011. Exports for the first 9 months of 2012 have increase by 12.1 percent over the same period...

Posted on 23 October 2012

Chinese power plant equipment maker joins forces with local Turkish partner

Istanbul, 20 October 2012 - Harbin Electric, China’s largest power plant equipment manufacturer, has entered into a JV with one of Turkey’s Hattat Holdings subsidiaries to manufacture of boilers, generators and turbines used in power production industry. The new factory will be located in western Turkey and completed by 2014,...

Posted on 23 October 2012

Bank of China and Akbank form partnership

Istanbul, 19 October 2012 - To help Chinese companies and investors Akbank and Bank of China have joined forces through a “Chinese Business Desk” in Istanbul. Over 450 Chinese companies have invested in Turkey with bilateral trade between China and Turkey reached 24 billion USD in 2011. Source: Invest in...

Posted on 23 October 2012

Japanese giant to invest 500 million USD for tyre manufacuring in Turkey

Istanbul, 24 September 2012 – Sumitomo Rubber, the giant Japanese tyre manufacturer, has announced plans to invest 500 million USD in a new factory in Cankiri in the Central Anatolian area of Turkey. The new factory, being built in partnership with Abdulkadir Ozcan AS, is expected to export 90 percent...

Posted on 22 October 2012

UK’s RES Energy is to invest over 60 million GBP in wind energy in Turkey

Istanbul, 21 September 2009 - It has recently been announced the British renewable energy group RES is set to invest over 60 million GBP in a 48 MW wind energy plant close to Samsun on the Black Sea coast of Turkey. Construction is set to start in 2014 and will...

Posted on 22 October 2012

Turkey’s Eastern Provinces Gain $6 Billion in Investment

The eastern provinces in Turkey have managed to secure $6 billion in investment during the past four months, thanks to the government’s industrial incentives program, according to a report from the Science, Industry and Technology Ministry. The government plan has divided the country into six regions, giving the least developed...

Posted on 19 October 2012

Turkish Exports Continue to Grow Strongly in September

At 11.4 billion USD Turkish exports increased by 7.4% year on year in September. The year-to-date performance is even more impressive, with 111.4 billion USD taking us up 12.1% compared to the same period in 2011. Par for the current course automotive exports remained at the top of the tree...

Posted on 18 October 2012

Turkey Property Becoming More Popular amongst Investors

Turkey is set to become more popular amongst investors, especially as it recently opened up its property sector for foreign investment. According to a report by Jones Lang LaSalle, this new law is especially expected to affect investors from the Gulf countries who are looking to buy residential property, but...

Posted on 12 October 2012

Big News on the Turkish Golf Scene

It's all go in the Turkish golf scene this week. Not only did Tiger Woods make the headlines for all the wrong reasons in the Turkish Airlines World Golf Final, but the first official Turkish Golf Open as part of the European PGA Tour was also announced. The new tournament...

Posted on 11 October 2012

UK Due to Help Turkey with EU Bid

The UK recently announced it would support Turkey’s bid to join the EU during a visit to the country's by the Deputy Prime Minister Nick Clegg. The UK will help Turkey bring its judiciary up to the standard required by the European Union. In order to achieve this, a project...

Posted on 06 October 2012