The Australians land in Turkey

17/05/2012
The Australians land in Turkey

Istanbul, 8 May 2012 - Toll Group, the Australian integrated logistics company, is looking to expand its business in Turkey. The Melbourne based company recently started business in Turkey through its Toll Global Forwarding division and has entered negotiations to acquire a local Turkish company. The Toll Group is one of the Asia Pacific region’s […]

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11/05/2012
New law to help foreign property buyers

Istanbul, 4 May 2012 - The long awaiting property bill has finally passed through the Turkish Parliament lifting the restrictions of reciprocity for foreign property buyers in Turkey. The removal of the reciprocity law means citizens of the Middle East and Central Asia may now purchase property in Turkey freely. The new law will also […]

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11/05/2012
EU Visitors Have Tripled Since 2000

The number of EU tourists travelling to Turkey has almost tripled in the last 10 years according to new data. During a meeting at the European Parliament in Brussels, Turkish tourism minister Ertrugul Gunay said that visitors from the EU “counted only 6.5 million in 2000 and are now 18 million''. Gunay also said that […]

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10/05/2012
Turkey Becomes Mover in European Real Estate Investment

Despite Istanbul being named the most promising city for real estate investment 2 years running by PricewaterhouseCooper, in reality the country is still on the fringes of international real estate investment, not least because Turkey's debt rating, one level below investment grade is a hurdle preventing large global funds from being able to invest in […]

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04/05/2012
The Law is Passed – More Foreigners Can Buy More Property in Turkey

Regular readers of this blog and most other sources remotely relating to Turkey or overseas property would only have needed the first part of the title to know what we meant. The Turkish Parliament has been discussing a new property law, to end reciprocity as a barrier to foreign buyers and allow foreigners to buy […]

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03/05/2012
French pharmaceutical company relocates its regional centre to Istanbul

Istanbul, 26 April 2012 - Sanofi, the French pharmaceutical company, has decided to relocated its regional management team based in Dubai to Istanbul under its restructuring programme. Stephen Cobham, Sanofi’s Vice President for Turkey and the Middle East, said “Turkey’s quality labour force and sound scientific base, combined with medical expertise and experience, provide an […]

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03/05/2012
US biotechnology company buys Turkish generics drug maker

Istanbul, 25 April 2012 - Amgen, the US biotechnology company, is to acquire over 95% of Mustafa Nevzat Ilac a Turkish generic drug manufacturer. The acquisition worth about 700 million USD will increase Mustafa Nevzat’s presence in the emerging markets in the region and Africa. Commenting, Bob Bradway, Amgen’s Chief Operating Officer said, "Together with […]

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03/05/2012
James Bond Falls for Fethiye Filming Latest Movie

As a resident of Fethiye it would have been hard to not notice the furor surrounding the new James Bond film.  Excitement built as it was confirmed that Skyfall would actually be filmed in Fethiye, or a few seconds of it anyway!  Two thousand of us attempted to become extras for the film in the […]

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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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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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