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Turkey to hold Middle East tourism expo

Ankara, 13 April 2012 - Hoping to double the number of Arab tourists visiting Turkey to 4 million Turkey will host the Middle East Tourism Exhibition in Ankara in May. At least 300 tourism professionals from at least 30 countries are expected attend the event including various specialist sectors as...

Posted on 18 April 2012

Turkey and China sign investment agreements worth billions

Istanbul, 12 April 2012 - During the recent official visit to China by Turkey’s Prime Minister to attend Turkish-Chinese Economic and Trade Cooperation Forum held in Beijing, PM Recep Tayyip Erdogan invited Chinese companies to invest in Turkey saying, “Chinese investors should take advantage of the recently unveiled incentives regime....

Posted on 18 April 2012

More US companies invest in Turkey

Istanbul, 11th April 2012 - According to Rizanur Meral, President of the Turkish Confederation of Businessmen and Industrialists, more US companies have been setting up businesses in Turkey over the last 4 years. According to Meral “Some 400 US companies have established a presence in Turkey since 2007, taking the...

Posted on 13 April 2012

Turkish company given role in developing new generation Fiat vehicles

Istanbul, 10th April 2012 - Tofas, one of Turkey’s leading automotive companies will take up the role as Fiat’s research and development centre for Europe, the Middle East and Africa. Tofas is a joint venture between Turkey’s leading Koc Holding’s company and Fiat, Italy’s largest automotive manufacturer. The company has...

Posted on 13 April 2012

Goldman Sachs invests 240 million USD in Turkey

Istanbul, 10th April 2012 - Goldman Sachs, the global investment and securities company,  has bought a 13.3 percent share in Aksa Enerji a subsidiary Kazanci Holding. The deal worth 240 million USD had an immediate effect on the company driving the value of the company up to 1.8 billion USD....

Posted on 13 April 2012

Turkey announces new investment incentives

Ankara, 7th April 2012 - Turkey’s Prime Minister, Recep Tayyip Erdogan, has announced a new incentive scheme to help foreign and local investments aimed at encouraging local manufacturing and reducing the demand for imported goods. The emphasis is to support the underdeveloped regions of Turkey especially in poorer eastern and...

Posted on 13 April 2012

Mercedes Benz picks the Turkish Lira for trade

Istanbul, 6th April 2012 - Because of the Eurozone problems and the strength of the Turkish Lira, Mercedes-Benz has decided to adopt the Turkish Lira for its trade with Turkey thus underlining Turkey’s growing financial importance. Mercedes is one of the first global companies to use the Turkish Lira for...

Posted on 13 April 2012

US company looks at a coal gasification plant in Turkey

Istanbul, 5 April 2012 - US based Energy Allied International is assessing a gasification plant in Turkey according to Mike Nassar, Allied’s CEO. Because Turkey little in the way of oil and gas reserves lignite gasification offers Turkey a way of reducing its reliance on imported fuels, commenting on the...

Posted on 13 April 2012

Turkish Ford Motor Company JV has shipped 100,000 vehicles to US

Istanbul, 4 April 2012 - Ford Otosan has announced it has shipped its 100,000 Ford Transit Connect taxi back to its home country – the US. The Connect is a taxi cab and used in Boston, Chicago, Las Vegas, Los Angeles, New York City, Orlando and San Francisco. Source: Invest...

Posted on 13 April 2012

Belek at top of golf’s leader board

Antalya, 3 April 2012 – Belek on Turkey’s southern Mediterranean coast has received the “Best Golf Destination” from two of golf’s leading publications – Golf Journal and Golf Magazine. The award is assessed on a variety of measures including quality of courses and accommodation. Belek, approximately 20 minutes drive from...

Posted on 13 April 2012