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Investment in Turkey keeps growing

Istanbul, 16 August 2012 - According to Turkey’s Economy Minister Zafer Caglayan “Turkey is like a flower garden in attracting FDI”. Turkey’s FDI reached 8.2 billion USD in the first six months of 2012, an increase of 21 percent over the same period in 2011. “These figures are a proof...

Posted on 20 August 2012

Leading Turkish and Italian wheel making companies to set up JV

Istanbul, 15 August 2012 - Jantsa, the Turkish wheel rims maker is to set up a JV with the Italian CLN Group one of Jantsa’s main competitors. The new JV will be housed in a 20,000m2 factory in Aydin in western Turkey. The new investment will cost 36 million Euros...

Posted on 20 August 2012

Turkey Publishes the Property A (Allowed to Buy) List – Are You On It?

As regular readers will know, the Turkish government recently announced that it had drawn up the list of countries that would be allowed to buy under the new reciprocity-free property law. It took a while for the list to become available to the public, but we have it now. As...

Posted on 17 August 2012

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