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FDI 25% up in first 2 months of 2012

Istanbul, 24 April 2012 - Turkey's foreign direct investment has increased by 25% in the first two months of 2012 reaching 1.6 billion USD of which property sales to foreigners represented 19% of the total. Property rentals and business investments more than doubled from the 2011 figures, the manufacturing sector...

Posted on 30 April 2012

Chinese Huawei set to increase investments in Turkey

Istanbul, 23 April 2012 - According Sun Ming, Regional Director of Huawei - the second largest wireless networking seller in the world - the company is set to increase its investment in Turkey. Commenting on the move Ming said “Turkey hosts Huawei’s second largest R&D center outside China and serves...

Posted on 30 April 2012

Istanbul retailing attracts major global retail brands

Istanbul, 23 April 2012 - CB Richard Ellis’ annual report “How Global is the Business of Retail?” has found Turkey is ranked 14th in the world. According to the report Turkey attracted 39% of the global retail brands. Because of the economic growth of Turkey, Istanbul has been the main...

Posted on 30 April 2012

US & Canadian big business looks to Turkey

Istanbul, 20 April 2012 - Speaking in Washington on a recent visit to business leader in the US, Mr Zafer Caglayan, Turkey’s Minister of Economy, said that US companies were looking to take advantage of the new business incentives Turkey had introduced and the new education project in Turkey. Caglayan...

Posted on 30 April 2012

Turkey & US expects doubling of trade by 2014

Istanbul, 19 April 2012 - Speaking at a recent event organised by Turkish Confederation of Businessmen and Industrialists and Center for American Progress in Washington, John Bryson, the U.S. Secretary of Commerce, said Turkey and the US have started seeing the fruits of closer business relationship. “Ankara's goal to push...

Posted on 30 April 2012

The Turkish Real Estate Industry is Great Says Trump

“The [Turkish] real estate industry is great.” Those aren't my words, but the words of one of the world's most successful (by a lot of measures not least wealth) businessmen Donald Trump. When asked if he foresaw any ballooning in the Turkish real estate market Trump answered: “I think the...

Posted on 27 April 2012

Turkish Government Passes New Law Allowing More Construction

The Turkish government recently passed a new law which will allow a parcel of land known as 2B to be used for construction. This land was formerly classified as a forest and covers 4.1 million acres and is in areas where agricultural and construction activity was previously banned by the...

Posted on 26 April 2012

Turkish Unemployment Still Falling Says Turkstat

Turkish unemployment fell to 10.2 percent of the workforce in the three months to February, from 11.9 percent in the same period of 2011, official data showed on today. The number of people unemployed fell by 380,000 people to 2.664 million on a 12-month comparison, the statistics institute said on...

Posted on 20 April 2012

Edinburgh Airport Sold, New Flights to Turkey’n All

Edinburgh airport has made the industry headlines this week because it has been bought by an as yet unknown consortium. However, that is not the only news relevant to us, as the report also reveals several new Turkish flights to and from the airport, which have just been added. According...

Posted on 19 April 2012

New Turkish business incentives attracts US companies to Turkey

New York, 18 April 2012 - Currently on a visit to the US to introduce the new Turkish investment scheme, Zafer Caglayan, Turkey’s Minister of Economy, said “Turkey’s new incentive system impressed the US businessmen. We expect to see a boost in foreign investments this year”. According to Caglayan the...

Posted on 18 April 2012