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The Australians land in Turkey

Istanbul, 8 May 2012 - Toll Group, the Australian integrated logistics company, is looking to expand its business in Turkey. The Melbourne based company recently started business in Turkey through its Toll Global Forwarding division and has entered negotiations to acquire a local Turkish company. The Toll Group is one...

Posted on 17 May 2012

New law to help foreign property buyers

Istanbul, 4 May 2012 - The long awaiting property bill has finally passed through the Turkish Parliament lifting the restrictions of reciprocity for foreign property buyers in Turkey. The removal of the reciprocity law means citizens of the Middle East and Central Asia may now purchase property in Turkey freely....

Posted on 11 May 2012

EU Visitors Have Tripled Since 2000

The number of EU tourists travelling to Turkey has almost tripled in the last 10 years according to new data. During a meeting at the European Parliament in Brussels, Turkish tourism minister Ertrugul Gunay said that visitors from the EU “counted only 6.5 million in 2000 and are now 18...

Posted on 11 May 2012

Turkey Becomes Mover in European Real Estate Investment

Despite Istanbul being named the most promising city for real estate investment 2 years running by PricewaterhouseCooper, in reality the country is still on the fringes of international real estate investment, not least because Turkey's debt rating, one level below investment grade is a hurdle preventing large global funds from...

Posted on 10 May 2012

The Law is Passed – More Foreigners Can Buy More Property in Turkey

Regular readers of this blog and most other sources remotely relating to Turkey or overseas property would only have needed the first part of the title to know what we meant. The Turkish Parliament has been discussing a new property law, to end reciprocity as a barrier to foreign buyers...

Posted on 04 May 2012

Saudi polypropylene company to invest in Turkey

Istanbul, 30 April 2012 - One of Saudi Arabia’s fastest growing companies Advanced Petrochemical Company is planning to build a polypropylene production plant in Turkey. Expected to open by 2015 the plant will one of its key plants outside the company’s home country. The new venture will be in partnership...

Posted on 03 May 2012

Turkey full of opportunities says UK Trade Minister

Istanbul, 27 April 2012 - Lord Green, the UK’s Trade and Investment Minister, extols the business opportunities in Turkey. Talking about opportunities in Turkey on a recent trade mission, Green said “Turkey is a country full of opportunities for European companies, not only with its large domestic market but also...

Posted on 03 May 2012

French pharmaceutical company relocates its regional centre to Istanbul

Istanbul, 26 April 2012 - Sanofi, the French pharmaceutical company, has decided to relocated its regional management team based in Dubai to Istanbul under its restructuring programme. Stephen Cobham, Sanofi’s Vice President for Turkey and the Middle East, said “Turkey’s quality labour force and sound scientific base, combined with medical...

Posted on 03 May 2012

US biotechnology company buys Turkish generics drug maker

Istanbul, 25 April 2012 - Amgen, the US biotechnology company, is to acquire over 95% of Mustafa Nevzat Ilac a Turkish generic drug manufacturer. The acquisition worth about 700 million USD will increase Mustafa Nevzat’s presence in the emerging markets in the region and Africa. Commenting, Bob Bradway, Amgen’s Chief...

Posted on 03 May 2012

James Bond Falls for Fethiye Filming Latest Movie

As a resident of Fethiye it would have been hard to not notice the furor surrounding the new James Bond film.  Excitement built as it was confirmed that Skyfall would actually be filmed in Fethiye, or a few seconds of it anyway!  Two thousand of us attempted to become extras...

Posted on 03 May 2012