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American health insurer to enter Turkish market

11 August 2011 – Cigna Corp, the long established United States health, accident and life insurance company, has announced plans to enter the Turkish market. At the recent opening of the Cigna office in Istanbul CEO Refik Berkol said Cigna was entering the market because Turkey had strong economic performance together...

Posted on 11 August 2011

Top of the Props: New System Shows New Trends

As some of you may have noticed we have been doing a lot of work on the Spot Blue website, in fact we have just had the entire site rebuild to observe modern coding standards, and introduce new functionality including social media logins (and registration). Next comes a redesign, ideas...

Posted on 11 August 2011

New System Protects Foreign Heirs’ Real Estate Inheritance

A new system aimed at preventing the heirs of foreigners who own property in Turkey from being fraudulently divested of their inheritance in the event of the deaths of said owners. Antalya Provincial Treasurer Hidayet Mat, said that, although it does not happen often, occasionally foreigners have been cheated out...

Posted on 10 August 2011

Turkey’s Mergers and Acquisitions over 6 Billion USD

10 August 2011 - According to a recent Ernst & Young report Turkey’s M&As reached 6.5 billion USD in the six months to the end of June 2011. With 130 deals Turkey was the second most active M&A market in the 10 countries covered in the Central and Southeastern European M&A...

Posted on 10 August 2011

How a Little Drink from Turkey (Izmir) Helped form the Modern World

The world is so connected nowadays, and we think we know pretty much everything about how the way of life we enjoy today emerged. I thought this, but then the other day I found out that Coffee, the drink so many of us enjoy around the world today, originated in...

Posted on 05 August 2011

Turkey expects tourist to double

5 August 2011 - According to Ahmet Barut, chairman of TUROFED (Turkish Hoteliers Federation), Turkey is now in 8th position in the world in terms of tourism revenues. Barut said, “The number of visitors to Turkey is expected to exceed 31 million this year. We also expect an increase in tourism...

Posted on 05 August 2011

Returning Migrants to Boost Turkish Economy and Property Market

Large numbers of migrant workers who have been employed in Western countries are now returning to their Turkish homeland some 50 years after this economic migration began. Although unemployment is one of the major causes as to why Turkish workers are returning home, many are also attracted by the rapidly...

Posted on 04 August 2011

Turkey keeps calling

 4 July 2011 - Vodafone’s recent results show Turkey is one of the fast growing countries within Vodafone’s global network. Vodafone Turkey CEO, Serpil Timuray reported Vodafone Turkey has broken a number of records as the fastest growing Turkish mobile telephone company with over 30 percent rise in sales revenue. Vodafone Turkey...

Posted on 04 August 2011

Turkish Tourism Growth Continues Unabating

According to the latest data from the Turkish tourist and statistical bodies, Turkish tourism is growing strongly this year, and the target of 30 million for this year as a whole continues to look attainable. The Turkish culture and tourism ministry has just reported that 13 million tourists visited Turkey...

Posted on 03 August 2011

Turkey’s CEOs predict the economy will grow by 6 percent in 2011

3 August 2011 -Turkey’s leading CEOs estimate Turkey’s growth rate will be 6 Percent by the end of2011 followed by 5.2 percent in 2012 according to a recent survey. The survey, conducted by TUSIAD (Turkish Industry and Business Association), also shows Turkey’s CEOs expect the rate of inflation to drop to 6.8 percent...

Posted on 03 August 2011