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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

Renault to add production of its new Clio Sports in Turkey

Istanbul, 31 July 2012 - Renault intents to add a new production line at its Bursa factory for its new Clio Sports Tourer which is to be built alongside Renault's recently announced Clio 4 super mini built in Turkey. This reverses the decision made by the previous French President Sarkozy...

Posted on 14 August 2012

Czech drug maker to make Turkey its generics hub

Istanbul, 30 July 2012 - Zentiva, the Czech subsidiary of Sanofi, France’s leading pharma company, is to move most of its production to Turkey. Speaking at a press conference Jérôme Silvestre, Zentiva’s President, said “Zentiva’s Turkish plant will be a supply base for generic drugs after their production moves to...

Posted on 14 August 2012

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