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A strong wind blowing through Turkey

5 October 2011, Turkey - As part of Turkey’s plan to reduced imported energy supplies running up to Turkey’s centennial in 2023 it has been announced that Turkey’s first locally developed and manufactured wind turbine should come on stream by late 2012. The Turkish manufactured wind turbine has been developed...

Posted on 05 October 2011

Turkey goes green with 600 hydropower plants under construction

3 October 2011, Turkey - According to Turkey’s EMRA (Energy Market Regulatory Authority) there are nearly 600 new hydroelectric power plants due to come on stream, most are already in the construction phase. In addition EMRA has granted 116 new licenses in 2011 (To 31 August) and the number of...

Posted on 03 October 2011

Istanbul’s gas supplier to go private

30 September 2011, Turkey - “IGDAS is the next company to be put to tender by IBB” said Adem Basturk, the Secretary General of IBB (Istanbul Metropolitan Municipality) about IGDAS (Istanbul Natural Gas Distribution Company) in a recent statement. IGDAS is expected to be privatised in 2012. IGDAS serves 4...

Posted on 30 September 2011

Chinese electricity company invests in Turkey

29 September 2011, Turkey - Zhejiang Energy Group, China’s state owned electric power construction holding company, has signed an agreement with Turkey’s Polat Madencilik to develop a coal mining field in Aydin in western Turkey and a coal fired power plant creating 5,000 jobs. The first stage of the agreement...

Posted on 29 September 2011

Top of the Props September Shows Increasing Spending Power

It's that time of the month again, and the top ten properties for September reveal some interesting trends, and confirm some others. First of all the dominance of Altinkum continues, despite of the fact that the average price range of the most popular properties continues to increase, now to around...

Posted on 29 September 2011

Swiss chocolate manufacturer increases Turkish investment & production

28 September 2011, Turkey - Nestle, the Swiss based chocolate manufacturer intends to increase its business in the low cost sweet and chocolate market in Turkey according to Devrim Cobek, Nestle’s Business Executive Manager of Nestlé Turkey’s Confectionery Business Unit. Nestle purchased a 51% share in Turkey’s Balaban Gida company...

Posted on 28 September 2011

Turkey Property News Roundup September

Here is a roundup of some of the biggest stories in the world of Turkish property this month as seen from the eyes of Spot Blue. Turkey Proposes Dropping Reciprocity in Property Sales People can currently buy property in Turkey from any country in the world, apart from those countries...

Posted on 28 September 2011

Turkey tops G20 for job creation over last 3 years

27 September 2011, Turkey – According to a recent ILO (International labour Organisation) report over the last 3 years Turkey sits on top of the G20 list for job creation ( Q1 2008 to Q1 2011). The report, produced in conjunction with OECD (Organisation for Economic Co-operation and Development), reported...

Posted on 27 September 2011

Working with Turkey will be very profitable says Turkish Prime Minister

26 September 2011, Turkey - Speaking from New York Turkey’s Prime Minister Recep Tayyip Erdogan said that businesses working with or investing in Turkey will benefit greatly from it. Erdogan said “We (Turkey) made many reforms, especially sector and company specific micro reforms, to increase Turkey’s competitive advantage in the world,...

Posted on 26 September 2011

Easyjet Launches New Flights to Ever-Popular Dalaman

The continued popularity of Dalaman has been testified to again by Easyjet, which has just announced a new route from Edinburgh to Dalaman starting from next April, which is one of 5 new routes by the airline. This will come as good news to those in Edinburgh and surrounding areas....

Posted on 23 September 2011