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Turkey: Istanbul traffic to ease with new bridge

Date: 05/01/2011 Turkey: Istanbul traffic to ease with new bridge Mehmet Turhan the General Manager for KGM (The General Directorate of Highways) has indicated DPT – (The State Planning Organization) has given approval for tenders for the construction of the third Bosphorus bridge which will be held in February 2011....

Posted on 14 February 2011

Turkey: Global logistics company TNT Turkey grew by 25 percent in 2010

Date: 05/01/2011 Turkey: Global logistics company TNT Turkey grew by 25 percent in 2010 TNT the global logistics company has announced that its Turkish division grew by over 25% in 2010. Mr Yasar Yigit, TNT’s Regional Director, said about this coming year 2011, “Having successfully completed our facilities and technical...

Posted on 14 February 2011

Turkey: Microsoft says “Turkey leads the way in MEA region”

Date: 17/12/2010 Turkey: Microsoft says “Turkey leads the way in MEA region” In a recent interview, Selim Zafer Ellialti, Microsoft's OEM regional General Manager said "Turkey is one of the biggest and more mature Microsoft subsidiaries in the (MEA) region, and we have the opportunity to transfer our know how...

Posted on 14 February 2011

Turkey: easyJet announce new flights to Turkey

Date: 17/12/2010 Turkey: easyJet announce new flights to Turkey Starting 14th May 2011, the low cost airline announces new flights from Gatwick to Izmir. This is in addition to other flights announced by easyJet Stansted to Bodrum (starting 14 May 2011); Stansted to Bodrum (Starting 14 May 2011); Liverpool to...

Posted on 14 February 2011

Turkey: New Commercial Code to help boost investment

Date: 17/12/2010 Turkey: New Commercial Code to help boost investment The Turkish parliament will vote on 11 January 2011 for a new 1,535 article commercial code. The new code would include internationally accepted accounting standards and replace the current set of codes. The aim is to increase the transparency of...

Posted on 14 February 2011

Turkey: Goldman Sachs says Turkey will grow faster than expected

Date: 13/12/2010 Turkey: Goldman Sachs says Turkey will grow faster than expected Jim O’Neill, the Goldman Sach’s economist, who first coined investment category term “BRIC” (Brazil, Russia, India and China) has forecasted that Turkey and Indonesia will grow beyond expectations. Due to Turkey’s recent economic performance, Jim O’Neill has put...

Posted on 14 February 2011

Turkey: One of the fastest growing countries in Europe

Date: 13/12/2010 Turkey: One of the fastest growing countries in Europe The increase in the Turkish October industrial production index shows the expected Turkish year-end growth rate will be revised upwards according to Turkey’s State Minister for Economy - Ali Babacan, Babacan said “Industrial output increased by 9.8 percent in...

Posted on 14 February 2011

Turkey: Fitch increases rating outlook to “positive”

Date: 24/11/2010 Turkey: Fitch increases rating outlook to "positive" Fitch, the international rating agency, has increased Turkey's rating from “stable” to "positive" from "stable". Fitch believes Turkey’s economic recovery and improving public finances has given Turkey an improved rating. Fitch said "The government is lengthening the maturity of its debt,...

Posted on 14 February 2011

Turkey: Moody credit rating agency upgrades Turkish outlook

Date: 23/11/2010 Turkey: Moody credit rating agency upgrades Turkish outlook Moody, the international credit rating agency has upgraded Turkey’s banking sector from stable-to-negative to stable. Moody’s upgrade is to reflect the liquidity improvements, the sectors capital improvement and the improving quality of assets. According to Moody the Turkish banks net...

Posted on 14 February 2011

Turkey: World Bank says performance back to pre-crisis levels

Date: 17/11/2010 Turkey: World Bank says performance back to pre-crisis levels The World Bank’s Country Director for Turkey, Ulrich Zachau, said Turkey’s employment levels have returned pre global financial crisis level and the economy is on course to return to growth. Zachau said “rising exports helped Turkey in its recovery,”...

Posted on 14 February 2011