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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

Spanish recycler to invest USD 120 million in Turkey

Istanbul, 19 July 2012 – Befesa, a leading Spanish industrial waste recycler, has announced plans to will invest 120 million USD in two steel dust processing plants in Turkey with a potential additional investment of 180 million USD. Announcing the investmentZafer Caglayan,Turkey’s Minister of Economy, said “These investment projects carry...

Posted on 24 July 2012

Leading Japanese bank to apply for banking license in Turkey

Istanbul, 18 July 2012 - Bank of Tokyo - Mitsubishi UFJ, Japan’s largest bank, has announced its intention to apply for a banking license in Turkey to assist Japanese companies with finance allowing them to take part in Turkey’s large scale investment projects. The bank will file an application with a...

Posted on 24 July 2012

Turkish Airlines again voted ‘Best Airline in Europe’

Istanbul, 17 July 2012 - Turkish Airlines has gained “Best Airline inEurope” award for the second year in a row. The award given by Skytrax also gave Turkish Airlines the "Best Airline inSouthern Europe" and the "Best Premium Economy Class Airline Seat".  Speaking at the UK’s Farnborough International Airshow, Mr...

Posted on 24 July 2012

Turkey attracts 6.5 billion USD of foreign investment in first 5 months of 2012

Istanbul, 16 July 2012 – Mr Zafer Caglayan, Turkey’s Minister of Economy, has announced that Turkey attracted 6.5 billion USD of Foreign Direct Investment (FDI) in first 5 months of 2012 showing an increase of 11 percent over the same period in 2011. According to Caglayan, Turkey is attracting the...

Posted on 24 July 2012

Dubai’s largest real estate company to invest again

Istanbul, 13 July 2012 - Emaar, Dubai’s biggest real-estate company, has purchased 430 million USD of land in the Camlica district of Istanbul. This is Emaar’s second major investment in Turkey. The company is to build a 145,000 m2 shopping mall and business centre together with 1,000 houses. The complex...

Posted on 20 July 2012

Lebanese Bank to double its Turkish investment

Istanbul, 12 July 2012 - Odea Bank, part of the Lebanese Bank Audi, is set to increase its capital from 300 million USD to 600 million USD according to Huseyin Ozkaya, Odea’s General Manager. Commenting on the increase Ozkaya said  “We are going through a very serious test phase. We...

Posted on 20 July 2012