FDI 25% up in first 2 months of 2012

30/04/2012
FDI 25% up in first 2 months of 2012

Istanbul, 24 April 2012 - Turkey's foreign direct investment has increased by 25% in the first two months of 2012 reaching 1.6 billion USD of which property sales to foreigners represented 19% of the total. Property rentals and business investments more than doubled from the 2011 figures, the manufacturing sector saw a 97% surge in […]

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30/04/2012
Chinese Huawei set to increase investments in Turkey

Istanbul, 23 April 2012 - According Sun Ming, Regional Director of Huawei - the second largest wireless networking seller in the world - the company is set to increase its investment in Turkey. Commenting on the move Ming said “Turkey hosts Huawei’s second largest R&D center outside China and serves as a regional support centre […]

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30/04/2012
Turkey & US expects doubling of trade by 2014

Istanbul, 19 April 2012 - Speaking at a recent event organised by Turkish Confederation of Businessmen and Industrialists and Center for American Progress in Washington, John Bryson, the U.S. Secretary of Commerce, said Turkey and the US have started seeing the fruits of closer business relationship. “Ankara's goal to push Turkey into the top 10 […]

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26/04/2012
Turkish Government Passes New Law Allowing More Construction

The Turkish government recently passed a new law which will allow a parcel of land known as 2B to be used for construction. This land was formerly classified as a forest and covers 4.1 million acres and is in areas where agricultural and construction activity was previously banned by the state. At the moment the […]

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20/04/2012
Turkish Unemployment Still Falling Says Turkstat

Turkish unemployment fell to 10.2 percent of the workforce in the three months to February, from 11.9 percent in the same period of 2011, official data showed on today. The number of people unemployed fell by 380,000 people to 2.664 million on a 12-month comparison, the statistics institute said on the basis of a survey […]

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19/04/2012
Edinburgh Airport Sold, New Flights to Turkey'n All

Edinburgh airport has made the industry headlines this week because it has been bought by an as yet unknown consortium. However, that is not the only news relevant to us, as the report also reveals several new Turkish flights to and from the airport, which have just been added. According to the report the new […]

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18/04/2012
New Turkish business incentives attracts US companies to Turkey

New York, 18 April 2012 - Currently on a visit to the US to introduce the new Turkish investment scheme, Zafer Caglayan, Turkey’s Minister of Economy, said “Turkey’s new incentive system impressed the US businessmen. We expect to see a boost in foreign investments this year”. According to Caglayan the new investment scheme (Spot Blue […]

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18/04/2012
Asian side Istanbul attracts property investors

Istanbul, 17th April 2012 - Istanbul’s new international financial centre at Atasehir on the Asian side of Istanbul is attracting international investor especially from the Middle East and the Gulf. The Istanbul Finance Center is a massive project covering 2.5 million square metres of land and includes offices, hotel, conference hall, shopping mall etc. The […]

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18/04/2012
Turkey to hold Middle East tourism expo

Ankara, 13 April 2012 - Hoping to double the number of Arab tourists visiting Turkey to 4 million Turkey will host the Middle East Tourism Exhibition in Ankara in May. At least 300 tourism professionals from at least 30 countries are expected attend the event including various specialist sectors as healthcare and education with over […]

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13/04/2012
US Secretary of Commerce Praises Turkey's Economic Progress

The US secretary of Commerce, John Bryson, has praised the economic progress Turkey has made over the last decade, and thinks Turkey could well become one of the 10 largest economies in the world in the future. He was speaking at a lunch organised by the progressive think tank Centre for American Progress and the […]

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