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Turkish borrowing cost decreases

9 May 2011 The Turkish Treasury in Ankara announced that it has sold approximately 2.4 Billion USD (3.7 Billion TL) of lower yielding three-year fixed-rate bonds, more than twice the amount sold in April. Turkey is looking to reduce its borrowing costs as the Turkish central bank keeps interest rates...

Posted on 09 May 2011

Turkish Car Sales Hit New Peak in January

In 2010 Turkey's automobile industry became a dominant force within Europe, and early signs for 2011 show that this looks set to continue. Car and light commercial vehicle sales grew 64% year on year in the first 4 months of this year according to new data from the Automotive Distributors...

Posted on 06 May 2011

Turkey’s car and van sales up by 64 percent this year.

5 May 2011 Figures released by ODD (Turkey's Automotive Distributors Association) show car and light vehicle unit sales increased from 157,982 to 259,182 in the first four months of 2011 – a 64 percent increase on an annual basis. According to the report, car sales increased by 70 percent during...

Posted on 06 May 2011

International private equity group invests in Turkish hospital group

5 May 2011 - A group of international private equity investors have agreed to invest 140 Million USD in Universal Hospitals Group, one of Turkey’s largest hospital and healthcare providers. The investment will enable Universal Hospitals to increase its hospital network to 18 in 12 Turkish cities including Istanbul. Source...

Posted on 05 May 2011

Turkish Exports Up 25% in April — 22% in Q1

Of all the news on the Turkish economy, the record exports in April is arguably the most significant. If you read like I do on the Turkish economy you will see that the news is overwhelmingly one-sided on the positive side, and that the negative news is almost all centred...

Posted on 05 May 2011

April’s exports reach new Turkish record

2 May 2011 Recently released figures by TIM (the Turkish Exporters Assembly) show Turkey’s exports in April rose by 25 percent to nearly 12 Billion USD, an all time high. Turkey’s overall export performance for the first 4 months of 2011 totalled over 43 Billion USD and are firmly on...

Posted on 04 May 2011

Alanya Gazipasa Welcomes first International Flight

The well known if not semi-famous Gazipasa airport welcomed its long awaited first international commercial flight at the end of last month. A Transavia Boeing 737 landed from Holland at around 21:00 on the 27th of April, following 2 triumphant pass-overs. The event was a joyous celebration, with the fire...

Posted on 04 May 2011

Turkish Airlines aims to be one of the top 10 airlines in the world

3rd May 2011 Turkish Airlines aims to be one of the world’s top ten airlines by 2023, the year which will coincide with the 100th anniversary of the founding of the Republic of Turkey. Speaking recently, Mr Hamdi Topcu, the Chairman of Turkish Airlines, said "We want Turkish Airlines to...

Posted on 03 May 2011

Will Turkey Ever Join the EU?

With all that’s going on in Libya, Syria and the Middle East in general, we can almost forgive the press for the lack of coverage of the two EU enlargement meetings with Turkey and Croatia last week. Well, to be honest there is also the potential that they didn’t give...

Posted on 29 April 2011

Seven new airports in Turkey by 2013

Date 28/04/11 DHMI in Turkey (The General Directorate of State Airports Authority) has announced it is finalising the construction of 7 new airports by the beginning of 2013. Orhan Birdal, DHMI General Manager, said DHMI intends to open 4 of the new airports by the end of 2011 with the...

Posted on 28 April 2011