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Gulf Big-Hitters (Funds) Planning to Invest Heavily in Turkish Property

We posted earlier this week on the government putting the new law in action and allowing foreigners from dozens more countries – including the gulf states -- to buy property in Turkey. According to a new report from Jones Lang La Salle, many institutional investors (sovereign wealth funds, investment funds...

Posted on 10 August 2012

The New Law is Law – Turkey Welcomes Many New Property Buyers

What a historic day; in years to come they'll ask, where were you when the law came into effect. Nah, that is a bit of an exaggeration, but this is still huge news for the Turkish property market. The Bill to end reciprocity was pushed through parliament and approved earlier...

Posted on 08 August 2012

Turkish Incentive Package Attracts $3.2 Billion Investment in Six Weeks

Turkey launched its new incentive package designed to attract foreign and domestic investment into the country on June 19 and since that date has received 480 project proposals worth TL 5.5 billion or $3.2 billion. According to the economy minister, Zafer Caglayan, Turkey is expecting substantial investment from Europe, and...

Posted on 03 August 2012

Toyota to invest another 150 million Euros in Turkey

Istanbul, 27 July 2012 - Orhan Ozer, Toyota Turkey’s General Manager and CEO, has announced that Toyota is to make a new compact car  along side the Auris hatchback and the Verso family saloon at its Sakarya factory in north west Turkey. The investment is said to be 150 million...

Posted on 02 August 2012

Japanese company invests in Turkish pasta maker

Istanbul, 26 July 2012 – Nissin Food, a leading Japanese food company, has purchased a 50 percent stake in Bellini Gida, a leading Turkish pasta maker and part of Turkey’s Yildiz Holdings. The deal worth over 23 million USD is expected to be completed by October 2012. Nissin intends to...

Posted on 02 August 2012

Leading Chinese company to start solar PV panel manufacturing in Turkey

Istanbul, 25 July 2012 - China Sunergy, one of China’s leading manufacturers of solar panels and cells, is to start production inTurkey. Following meetings with Turkey’s Energy Market Regulatory Authority, China Sunergy senior executive Tanyan Huang said “We are at the decision stage regarding the location of the plant. China...

Posted on 02 August 2012

Microsoft awards Turkish office top subsidiary status

Istanbul, 24 July 2012 - Microsoft has awarded its Turkish office “Subsidiary of the Year in Emerging Large Category” for the  second time in the last three years. Speaking at Microsoft’s award ceremony in Atlanta, Steve Ballmer, Microsoft’s CEO, said “Microsoft Turkey successfully meets the demands of Turkey’s dynamic and...

Posted on 02 August 2012

Turkish Airlines Launches New Edinburgh-Istanbul Flight

More good news for anyone who owns or plans to own property in Istanbul, especially if they come from Edinburgh as Turkish Airlines have launched a new route between the two great cities, flying 4 times weekly from the Istanbul Ataturk hub to Edinburgh international airport. According to Anna Aero's...

Posted on 27 July 2012

Big-Hitting Asian Investment Fund to Bet Big on Turkey

Singapore based Temasek Holding, the 9th biggest investment fund in the world is examining Turkey’s different sectors for investment opportunities, according to daily Sabah. “We are looking for opportunities, we are going to come,” said Nagi Hamiye, who is in charge of Global Industrial Investments for the firm. He said...

Posted on 26 July 2012

US private equity firm buys stake in Turkish menswear maker

Istanbul, 20 July 2012 - Investcorp, the New York based private equity company, has signed an agreement to buy a minority stake in the Orka Group, a leading Turkish menswear maker. Founded in 1986 the Orka Group is known in Turkey for its men’s fashion brands Tween, Damat and DS...

Posted on 24 July 2012