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Shale gas exploration starts in Turkey

Istanbul, 5 September 2012 - TPAO,Turkey’s state owned oil company, in conjunction with Shell has begun exploring for shale gas in the Anatolian province of Turkey. At a recent meeting with Taner Yildiz, Turkey’s Minister of Energy, Shell CEO Peter Voser said “Shell is pleased to work with TPAO on...

Posted on 12 September 2012

Turkish tractor manufacturer awarded first green ISO certification in Turkey

Istanbul, 3 September 2012 - Turk Traktor has become the first company in Turkey to be awarded ISO 14064 Greenhouse Gas Emissions quality certification and ISO 50001 Energy Management certification. Turk Traktor is a joint venture between Koc Holding, the leading Turkish conglomerate, and Italy’s CNH which was formed in...

Posted on 11 September 2012

Turkish Economy Soldiers on on Diversified Export Markets

Analysts predict that Turkey will have avoided the slowdown seen by most western European economies in the second quarter, as firms diversified their exports away from Europe into Africa and the Middle East to generate, which also helped to bring about a 12%+ growth in exports for the first seven...

Posted on 08 September 2012

Arabs Flocking to Turkey and Spending Heavily

Not a year since the last report of record Arab tourism into Turkey we have another bumper report to share. According to the latest reports, the number of Arab tourists entering Turkey increased by 71% in the first six months of this year compared to the previous year. The rise...

Posted on 07 September 2012

US companies to invest in Turkey’s solar energy

Istanbul, 31 August 2012 - International Capital Alliance and International Solar Electric Technology of the US has announced plans to form a JV to invest in solar photovoltaic panels production in Turkey. The new JV company is also planning to set up a 200 MW solar farm. The initial investment...

Posted on 04 September 2012

New Turkish industrial complex project to start in 2013

Istanbul, 30 August 2012 – The new Filyos Valley industrial complex at Caycuma in the western Black Sea area is set to begin in 2013. The complex will consist of a port, industrial areas, including iron-steel foundries, shipbuilding facilities and cement plants, power plants and dams. Commenting on the project...

Posted on 04 September 2012

Fitch Ratings Says Turkey on Track for Soft Landing

Fitch Ratings has just published a report on the Turkish economy and says the country has made good progress in returning to a sustainable growth rate while reducing the rate of inflation and the current account deficit. However Fitch warns the Turkish economy is still vulnerable to the global financial...

Posted on 31 August 2012

Istanbul Planners Press Ahead with 2020 Olympics Bid

Planners in Istanbul are already pressing ahead with preparations for the 2020 Olympics, as the city is currently one of the final three choices for these games. This has prompted numerous questions into where the venues could be located, and how Istanbul's infrastructure will need overhauling to cope with the...

Posted on 30 August 2012

UK mobile telephone operator looking at Turkish market

Istanbul, 29 August 2012 – UK’s Virgin Mobile, part of Richard Branson’s Virgin Group, is looking at Turkey as part of its expansion plan for Eastern and Central Europe. Virgin Mobile has recently launched a virtual mobile telephone network in Poland and according to Virgin’s CEO for the region, Kristian...

Posted on 29 August 2012

Global automakers increasing investments in Turkey

Istanbul, 28 August 2012 – Auto makers, Hyundai and Ford Motors, are increasingly depending on Turkey for its research & development and manufacturing. According to Umit Karaaslan, Hyundai’s Director General inTurkey, the company is about to increase its investment in Turkey - “Preliminary studies on setting up an R&D centre...

Posted on 28 August 2012