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Foreign investment continues to flow into Turkey

Istanbul, 10 February 2012 – Results in a survey conducted by the International Investors Association of Turkey shows Foreign Direct Investment into Turkey is expected to reach 15 billion USD in 2012 - 2 billion USD more than the estimated 2011 figures. Commenting on the survey, Izzet Karaca, Chairman of...

Posted on 10 February 2012

A Week of Tourism Events and Controversy

This week was a week of big tourism events in Turkey, events which brought a new realisation on tourism income growth in Turkey. The Turkey Tourism Summit in the Istanbul Convention and Exhibition Centre ICEC made the headlines for a rather controversial reason. Hurriyet headline: "Minister blames statistics body for...

Posted on 10 February 2012

New Istanbul Financial Centre aims to outclass London and New York

Istanbul, 9 February 2012 - The new Istanbul Financial Centre project in Atasehir on the Asian side of Istanbul is taking shape with construction underway. The Financial Centre has the full backing of the Turkish Government with many of Turkey’s governing bodies of rapidly growing financial sector being house in...

Posted on 09 February 2012

Hilton set to increase its number of hotels in Turkey again

Istanbul, 8 February 2012 - The Hilton hotel group has announced plans to open 13 new hotels in Turkey taking its Hilton branded hotels in Turkey to 33. Making the announcement at the Central Asia and Turkey Hotel Investment Conference, Didier Martin, the Vice President Operations Eastern Europe Israel, Russia...

Posted on 09 February 2012

Turkey’s increases renewable wind power capacity

Istanbul, 7 February 2012 - According to the European Wind Energy Association Turkey’s new wind farms added 470 MWs of electricity capacity in 2011, added to Turkey’s existing wind power capacity this took the total to near 1,800 MWs a 36 percent increase. This extra production takes Turkey into the...

Posted on 09 February 2012

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