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German company to establish a hospital in Turkey

Istanbul, 14 August 2012 - The Germany orthopaedic equipment maker Implantcast has decide to open a hospital in Turkey. Fecrin Coskun, Implantcast Turkey’s Chairman said the company is intending to increase investments in the Turkish healthcare market, commenting on the move, Coskum said “We have included establishing a hospital in...

Posted on 17 August 2012

French eyewear company re enters the Turkish market

Istanbul, 13 August 2012 - Having left Turkey during the 2001 Turkish financial crisis Essilor, the leading French eyewear giant, has decided to re-enter the Turkish market due to the economic woes of Europe. Essilor acquired a 70 percent stake in the Turkish Yeda Tora Optik company early in 2012...

Posted on 17 August 2012

Turkish industrial output up for 31 months in a row

Istanbul, 10 August 2012 - According to the Turkish Statistical Institute Turkey grew by 2.7 percent in June 2012 compared with the same period in 2011. This increase shows 31 consecutive months of continuous growth.  The Turkish government estimates GDP growth at 4 percent for the whole of 2012. Source:...

Posted on 17 August 2012

Turkish Unemployment Falls to New Lows as FDI Pours In

According to the latest data from Turkstat, 8.2% of the working Turkish population was out of work as of May, the lowest level since 2005. As the Turkish economy continues to perform extremely well, the country continues to attract increasing amounts of foreign direct investment, which set new records at...

Posted on 16 August 2012

South Korean car maker Hyundai increases production at its Turkish plant

Istanbul, 9 August 2012 - Hyundai plans to double its manufacturing capacity of its plant in Turkey to 200,000 units by June of next year to meet the growing demand for its products. Hyundai’s Turkish factory makes the i20 compact hatchback. Approximately 70 percent of cars manufactured by Hyundai in...

Posted on 14 August 2012

Turkey to undertake Ford’s high tech development

Istanbul, 8 August 2012 - According to Ford Otosan’s Director General, Haydar Yenigun, “Ford Otosan aims to become a high-tech engineering centre for Ford products manufactured in Turkey and in the world. Currently, Ford Otosan’s Gebze Engineering Center is responsible for the calibration of diesel engines that Ford manufactures elsewhere...

Posted on 14 August 2012

Ford announces new Turkish developed truck

Istanbul, 6 August 2012 – Ford has announced the launch of its Cargo Latin heavy duty truck, the 1846T. The new 1846T is to be developed as a joint venture with Ford Turkey and Ford Brazil under Ford’s “One Ford” strategy. According to Turkey’s Ford Otosan Director General, Haydar Yenigun,...

Posted on 14 August 2012

Turkey’s incentive scheme extended to include buildings and facilities

Istanbul, 3 August 2012 - Turkey’s Minister of  Economy, Zafer Caglayan, has announced an extension of Turkey’s newly introduced investment incentives including the acquisition of existing buildings or facilities. Announcing the extension, Caglayan said “The extension of the investment incentive system to cover building acquisitions will help the integration of...

Posted on 14 August 2012

South Korea and Turkey sign free trade treaty

Ankara, 2 August 2012 – Turkey and South Korea have signed their long standing relation with a free trade agreement. At the signing by Turkey’s Minister of Economy, Zafer Caglayan and South Korea’s Minister of Trade Taeho Bark, Caglayan said “This agreement constitutes an important step towards the economic integration...

Posted on 14 August 2012

Japanese pharmaceutical company in talks with Turkish drug maker

Istanbul, 1 August 2012 - Otsuka, Japan’s second biggest pharmaceutical company, and Abdi Ibrahim, the Turkish drug manufacturer, are discussing a partnership deal for the production of Otsuka’s Abilify, Pletal and Mucosta drugs. Speaking recently, Nezih Barut, Abdi Ibrahim’s CEO, said “This is the first time Abdi Ibrahim has a...

Posted on 14 August 2012