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Saudi Prince Enjoying the Delights of Bodrum in his Yacht

We have just learned that a Saudi prince (we don't know who as yet) is cruising in his Yacht off the coast of Bodrum, perhaps as a precursor to buying a property in the area, as Turkey has recently relaxed laws paving the way for Arabs to be allowed to...

Posted on 04 July 2012

South Korean group to invest in Turkey

Istanbul, 28 June 2012 - The South Korean group LG Corp is looking to set up in Turkey according to Calvin Cho, LG Turkey President. “LG has been mulling production in Turkey for a long time. The new investment incentives are very encouraging in this regard” said Cho. According to...

Posted on 29 June 2012

Turkey to Sign Immigration Treaty for Visa-Free Talks

Turkey is hopeful of being able to secure visa free travel for its citizens to Europe within the next few years. If this happens it might give new life to relations between Turkey and the EU. A decision was recently taken by the European Union to open up talks with...

Posted on 29 June 2012

Turkey Now 6th Top Tourism Destination in the World

Earlier this year we reported that Turkey had finally crossed the 30 million visitor threshold in 2011, a target set for 2010 during the boom years. But that wasn't the only great tourism achievement for Turkey last year. According to a new report from the United Nations World Tourism Organization,...

Posted on 28 June 2012

British private equity company takes major stake in Turkish security firm

Istanbul, 27 June 2012 - Cinven, a London based private equity firm, has purchased a majority interest in Pronet, a leading Turkish security solutions provider. The purchase is expected to be completed this summer. Pronet was founded in 1995 and has over 80.000 active alarm systems in place. Source: Invest...

Posted on 27 June 2012

Turkey now 6th most popular tourist destination in the world

Istanbul, 26 June 2012 - According to the World Tourism Organization’s “Tourism Highlights 2012” report Turkey has now replaced Britain as the 6th most popular tourist destination in the world. Turkey has seen its tourism steadily increase and intends to be in the world’s top 5 tourism destinations by 2022....

Posted on 27 June 2012

World Bank Group to invest 2 billion USD in Turkey

Istanbul, 25 June 2012 - According to Lars Thunell, Executive Vice President and CEO of the International Finance Corporation (part of the World Bank Group), International Finance Corporation plans to invest 2 billion USD in Turkey between 2012 and 2015. Announcing the investment Thunell said “Turkey’s economy has proven its...

Posted on 27 June 2012

Moody’s upgrades Turkey’s credit rating

Istanbul, 22 June 2012 - Moody's Investors Service, the international credit rating agency, has raised Turkish government bond rating by one notch to Ba1 from Ba2. Moody’s cited improvements in the country’s public finances and an increased resilience of the government’s balance sheet to financial shocks. Moody’s is maintaining the...

Posted on 26 June 2012

US pharma industry’s interest in new investments in Turkey

Boston, 20 June 2012 - Attending the 2012 Bio International Convention held in Boston, Nihat Ergun,Turkey’s Minister of Science, Industry and Technology, announced that Baxter International, the leadingUShealthcare company, is considering increasing its investments inTurkey. Baxter already has partnership with Eczacibasi inTurkey, one of oldest Turkish pharmaceutical companies. Ergun said...

Posted on 26 June 2012

Lebanese fund to invest 250 million USD in Turkey’s commercial property sector

Istanbul, 19 June 2012 - Edge Capital, the Lebanese investment fund is to invest 250 million USD inTurkey’s commercial property sector with partner Turkmall, a leading Turkish retail developer. According to, Turkmall’s Vice President, Levent Eyuboglu, “Partnership with Edge Capital opened new doors to similar deals with other Middle Eastern...

Posted on 26 June 2012