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Pegasus Airlines Launches Further Expansion from Istanbul Sabiha Gocken

Yet more new flights to the bustling Istanbul Sabiha Gocken airport were announced this week, when Pegasus Airlines launched a new route, flying thrice weekly between the airport and Kosovo capital Pristina. Competing on the route from Istanbul's other airport (Ataturk) are Turkish Airlines' daily service as well as Atlasjet's...

Posted on 21 October 2011

Turkey’s unemployment drops again

18 October 2011, Istanbul - According to data released by TurkStat (Turkish Statistics Institute) Turkey’s unemployment has fallen to just over 9 percent for July 2011, down from 10.6 percent for the same period in 2010. The data revealed employment increased by nearly 1.5 million to reach 24.95 million employed....

Posted on 18 October 2011

Japanese air conditioning company invests 260 million USD in Turkey

17 October 2011, Turkey - Following the acquisition of Turkey’s Airfel, Daikin, a leading Japanese air conditioning manufacture, has announced it will be using Turkey as a regional centre for development and manufacture serving markets in Europe, the Middle East and Africa. Daikin paid 260 million USD for Turkey’s Airfel,...

Posted on 17 October 2011

Turkey’s tax incentives for new technoparks

14 October 2011,  Istanbul - Speaking at IBM’s Software Summit in Istanbul, Nihat Ergun, Turkey’s Minister of Industry, Science and Technology, described Turkey’s “Silicon Valley” vision. Turkey is to build technoparks which will be exclusively for high tech companies engaged in telecoms, software development, ecosystems and technical R&D, the first...

Posted on 14 October 2011

Turkey Property Boom Looks Set to Continue/Expand

The fact that the Turkish property market is booming this year is in little doubt, but there is increasing evidence that even with its rapid growth of late, that it could still be accelerating further. According to the latest data from the Turkish real estate investing partners association in conjunction...

Posted on 13 October 2011

Intel invests in Turkish internet company

12 October 2011, Turkey - Chip maker Intel, through its investment  arm Intel Capital, has invested an undisclosed amount in Grupanya a Turkish e-commerce company. This is Intel Capital’s second investment in Turkey. According to Burak Aydin, Intel Turkey General Manager the investment will help Grupanya to develop is new...

Posted on 12 October 2011

Turkish Government Commits to Increasing Foreign Sales

Many reports have indicated strong growth in sales of Turkish property to foreigners, not least a report by the Association of Real Estate Investing Partners GYODER, which recorded a 40% growth last year compared to the year before. Never the less, the government seems increasingly committed to making sure the...

Posted on 12 October 2011

Jet2 Expands Turkey Coverage with New Manchester-Istanbul Route

Another day another dollar and another week another new flight for Istanbul airports. This week we see the announcement of another new budget flight linking Manchester in the UK and Istanbul from growing operator Jet 2.com. This is Jet2.com's first flight into Istanbul, all though it does have substantial coverage...

Posted on 07 October 2011

Turkey’s M&A increases

6 October 2011, Ankara - Turkey is having its best M&A period since 2008 as Turkey’s economy continues to outperform the rest of Europe and the emerging BRIC countries. Whilst M&A deals in the BRIC’s Brazil, India and China dropped, with only Russia showing any M&A growth, Turkey’s transaction value...

Posted on 06 October 2011

Turkey Leading Growth in Mergers and Acquisitions

Further proof that Turkey is one of the hottest emerging markets in the world has emerged in new research by Bloomberg on global mergers and acquisitions. According to the research Turkey is now well above the BRIC nations in terms of mergers and acquisitions as more deals are signed in...

Posted on 06 October 2011