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Istanbul considering the privatisation of its public car parking services

Istanbul, 6 February 2012 - Following the successful privatisation of Istanbul Ferry Lines in 2011 the Istanbul Metropolitan Municipality is considering privatisation of its  Istanbul Parking Operations Company (ISPARK) which manages the public parking in the 28 districts of Istanbul. Founded 7 years ago with over 2,000 employees the company...

Posted on 06 February 2012

French company Renault increases its investment in Turkey

Istanbul, 3 February 2012 - With its Turkish partner Oyak Holdings, Renault, the French auto manufacturer, is to invest USD 254 million in its manufacturing plant in Turkey. In 2012 Renualt intends to start production of new Clio 4 Supermini together with its upgraded Megane 3 hatchback as well as...

Posted on 03 February 2012

Istanbul Number One in European Property Investment

Since the downturn struck I could count the number of times the Guardian has covered Turkish property, in the mainstream sections anyway, but we have a cracker in today's. After winning for the last 2 years on the trot, Istanbul has once again be named the property  investment hotspot of...

Posted on 03 February 2012

Real estate professionals say Istanbul is the tops for investment

Istanbul, 2 February 2012 - For the second year running a survey conducted by PwC (PricewaterhouseCoopers) and the Urban Land Institute has placed Istanbul as the top European city to invest in commenting “Turkey's appeal is based on a long-term view of the future". 600 European real estate professional were...

Posted on 02 February 2012

8 Turkish banks in the top 500 for global brand value

Ankara, 1st February 2012 - Unlike European banks, Turkish banks had a very good profitable year in 2011 with profits reaching nearly 12 billion USD.  In a recent report by Brand Finance, a London based brand valuation consultancy, eight Turkish banks were rated in the top global 500 for brand...

Posted on 01 February 2012

Turkey’s tourism income up by 10 percent

Istanbul, 31 January 2012 - According to Turkish Statistical Institute Turkey’s tourism income rose by over 10 percent in 2011 (from 2010) reaching 23 billion USD. The UN World Tourism Organization ranks Turkey seventh in the world for the most visited destination. With the number of visitors to Turkey increasing...

Posted on 31 January 2012

Turkey’s exports expected to increase 11.4 percent in 2012

Istanbul, 26 January 2012 - According to Mr Mehmet Buyukeksi, Chairman of the Turkish Exporters Assembly, Turkey’s exports should reach 150 billion USD in 2012. In the first 25 days of 2012 Turkey’s exports increased by over 13 percent compared to the same period of 2011. “2012 will be a...

Posted on 27 January 2012

Gazipasa Airport to Offer “Large Array” of 2012 Flights

We have the latest from Gazipasa airport in Alanya, and while it unfortunately contains no news of direct UK flights, we can tell you that the airport is set to bring online a much wider array of flights in 2012. Our contact, Murat Sen, a spokesperson for airport operators TAV...

Posted on 27 January 2012

Reciprocity Bill Drafted and Up for Discussion

The Turkish government has just finished drafting a new bill to further open up the property market to foreign buyers, as well as making purchases easier for foreigners. The most important thing in the bill is that it is set to end the reciprocity requirement on foreign purchases, thereby allowing...

Posted on 26 January 2012

US company NCR looks at Turkey as a potential regional base

23 January 2012, Istanbul - NCR the US technology has identified Turkey as its potential regional headquarters. Commenting on a forthcoming visit to Turkey Mr Bill Nuti, the NCR CEO said, “Engineering and call centre investments in Turkey are on the agenda. In order to provide new and better solutions...

Posted on 24 January 2012