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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

Turkey just keeps growing

Istanbul, 2 April 2012 - According to data recently released from the Turkish Statistical Institute, Turkey’s growth reached 8.5 percent in 2011 bringing the average over the last 2 years to nearly 9 percent and a 10 year average to 5.4 percent. Turkey’s per capita GDP also increased in 2011...

Posted on 13 April 2012

Antalya still the hot spot for property buyers

Antalya, 30 March 2012 – Antalya again leads the field for international property buyers in Turkey. According to data released from the Land Registry Directorate, 42,000 foreigners have bought property in the Antalya region with the Mugla region coming second with over 20,000 foreigners property buyers. Turkey’s has a total...

Posted on 13 April 2012

Turkey’s gas distribution privatisation attracting international investors

Istanbul, 29 March 2012 - The 80 percent privatisation of Baskent Dogalgaz, Turkey’s second largest gas distribution company and supplier to Ankara area, is attracting strong international interest. Partnering local companies, Turkish China’s ENN Group and a Saudi based investment fund are amongst the leaders. According to the Acting President...

Posted on 13 April 2012

A new wind blowing through Turkey

Istanbul, 28 March 2012 - Turkey’s Alke Insaat has announced a new Joint Venture company with the US company TPI Composites, one the world’s most advanced composite wind turbine blade manufacturers. A new 33,000 square metre factory in Turkey’s west coast port of Izmir will employ 350 workers. Turkey is...

Posted on 13 April 2012

US Secretary of Commerce Praises Turkey’s Economic Progress

The US secretary of Commerce, John Bryson, has praised the economic progress Turkey has made over the last decade, and thinks Turkey could well become one of the 10 largest economies in the world in the future. He was speaking at a lunch organised by the progressive think tank Centre...

Posted on 13 April 2012

Turkey to sign Free Trade Agreement with South Korea

Istanbul, 27 March 2012 – Turkey has signed the framework for a new Free Trade Agreement with South Korea. On a recent visit to Seoul, Recep Tayyip Erdogan, Turkey’s Prime Minister, accompanied by Turkey’s Minister of Foreign Affairs, Minister of Energy and Natural Resources, Minister of Economy and Turkey’s Inward...

Posted on 13 April 2012

New natural gas storage facilities for Turkey

Istanbul, 26 March 2012 - With Turkey’s natural gas consumption dramatically increasing the Russian energy company Gazprom is investigating the construction of natural gas storage facilities in Turkey. According to a Gazprom spokesman “Whenever Turkey has had any problems with other natural gas providers, it has always looked to Gazprom...

Posted on 13 April 2012

Turkey Property: Things to Watch for in 2012

Turkey property is currently among the most popular overseas property destinations in the world. Here are some of the big events potential property buyers should be watching out for this year. The New Law: Most potential property buyers will have heard about the new law. For those that haven't; the...

Posted on 12 April 2012