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USA’s General Electric attracted by new incentives in Turkey

Istanbul, 16 May 2012 - USA's giant conglomerate General Electric is seeking to take advantage of Turkey’s new business incentive packages with a range of different investments within its portfolio. At a recent meeting between Turkey’s Minister of Science, Nihat Ergun and Kursat Ozkan, GE’s Turkish and Middle East &...

Posted on 28 May 2012

Toyota to start new car production in Turkey

Istanbul, 15 May 2012 - Toyota is planning to start manufacture of its new C segment saloon car in 2013 which is intended to replace its popular Corolla model currently being made at its Adapazari factory in north west Turkey. Speaking recently, Ali Haydar Bozkurt, Toyota Turkey CEO, said “We...

Posted on 28 May 2012

Istanbul Named Candidate City for 2020 Olympics

The IOC's decision to make Istanbul a candidate city to host the Olympic Games 2020, has been hailed as a historic one for Turkey by representatives of its campaign. The IOC decided on Wednesday to eliminate Doha and Baku leaving Istanbul in the race along with Tokyo and Madrid. Istanbul...

Posted on 25 May 2012

Turkey’s industrial production up 2.4 percent

Istanbul, 14th May 2012 - Recently released data from the Turkish Statistical Institute shows industrial production increased by 2.4 percent in March 2012 compared with March 2011. The increase beat the forecasts by 0.2 percent. Electricity, gas, steam and air conditioning supply index increased by 7.9 percent, the mining sector...

Posted on 24 May 2012

Foreign company investments up by 74 percent

Istanbul, 11th May 2012 - According to Ms Umit Boyner, Chairperson of the Turkish Industry and Business Association, foreign companies were responsible for 74% of the total of 241 mergers and acquisition in Turkey representing 15 billion USD. Speaking at the Turkish Industry and Business Association seminar Boyner pointed out...

Posted on 24 May 2012

UAE hotel group to manage Turkish hotel

Istanbul, 10th May 2012 - Thanks to the continuing relaxation of visa requirements for citizens of the Arab countries, Turkey is expecting a large increase in tourists from those countries. UAE based Rotana Hotels has recently signed an agreement with Turkey’s Rhossos Tourism to manage its 300 bed hotel aimed...

Posted on 24 May 2012

Honda considering new Turkish motorcycle

Istanbul, 9th May 2012 - Honda as part of its global restructuring is considering the adding motorcycling manufacture to its plant at Sekerpinar in Turkey’s north east. According to , Kadir Kutluay, Honda Turkey Vice President, the company is investigating the manufacture of a 100cc machine for the local Turkish...

Posted on 24 May 2012

Turkey Again Named as Top Investment Choice in Europe

Marketwatch has just ran a story profiling Turkey and Poland as Europe's two investment beacons for the next few years; suggesting that investors get in now if they want to get in early. Of course, this is not a new position for Turkey, as the country has been named one...

Posted on 24 May 2012

US Caterpillar equipment maker looking at investment opportunities in Turkey

Istanbul, 24 May 2012 - According to Nihat Ergun,Turkey’s Minister of Science, Industry and Technology, US heavy equipment maker Caterpillar has indentified Turkey for its investment strategy. Caterpillar has been impressed withTurkey’s new investment incentive scheme and were briefed about the new schemes during Turkey’s President Abdullah Gul’s recent visit...

Posted on 24 May 2012

Tourism Ministry Reports Strong Growth in Arab Visitor Numbers

The Arab invasion has begun. Kidding of course, but according to a new report from the Turkish ministry for culture and tourism the number of Arab tourists has grown rapidly this year. The ministry reports that visitors from qatar in the first four months of the year doubled compared to...

Posted on 18 May 2012