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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

Turkey: Energy investments reach 3.8 Billion euros

Date: 15/11/2010 Turkey: Energy investments reach 3.8 Billion euros During his visit to Izmir last Monday, Hasan Koktas President of EMRA (Energy Market Regulator Agency in Turkey) said that investment for 3,200 Mw has been provided by the private sector. He went on to say the private sectors investment reach...

Posted on 14 February 2011

Turkey: Enerjisa to raise EUR 700 million

Date: 15/11/2010 Turkey: Enerjisa to raise EUR 700 million Turkish energy company Enerjisa has launched the syndication EUR 700 million (USD 973 million) of debt, the lead managers will be – WestLB, IFC and UniCredit Bank. The syndication is part of a 1 billion EUR financing package for Enerjisa to...

Posted on 14 February 2011

Turkey: Akbank expects Turkey to acquire investment grade status in 2011

Date: 15/11/2010 Turkey: Akbank expects Turkey to acquire investment grade status in 2011 One of Turkey’s leading banks expects Turkey to receive “investment grade” status in 2011. According to Akbank Turkey’s standing as a low-risk country for lenders ranks lower than comparable countries indicating a rating upgrade. Rating agencies are...

Posted on 14 February 2011

Turkey: 135 Mw wind farm commissioned

Date: 01/11/2010 Turkey: 135 Mw wind farm commissioned A 54 turbine green energy wind farm has been commissioned at Gokcedag in the southern province of Osmaniye, making it the largest wind farm facility in Turkey. Comissioned by the Zorlu Group through its Zorlu Enerji division the Gokcedag wind farm is...

Posted on 14 February 2011

Turkey: Turkey is likely to become an executive board IMF member

Date: 26/10/2010 Turkey: Turkey is likely to become an executive board IMF member Following the G20 meeting of Central bankers & Finance Ministers held in South Korea, ) Dominique Strauss-Kahn, the Managing Director of the IMF (International Monetary Fund) the EU’s decision to give up 2 of its seats on...

Posted on 14 February 2011

Turkey: THY adds new aircraft to increase its long range capacity

Date: 19/10/2010 Turkey: THY adds new aircraft to increase its long range capacity Turkish Airlines is increasing it long range capacity with the addition of twelve Boeing 777 300ER. At the hand over ceremony in Seattle the Turkish Airlines Executive Board Chairman, Hamdi Topcu said “The extended fleet will double...

Posted on 14 February 2011

Turkey: US Procter & Gamble launchs new products in Turkish market

Date: 19/10/2010 Turkey: US Procter & Gamble launchs new products in Turkish market P&G’s Chief Executive Officer Robert McDonald said “Turkey is expected to be one of the fastest growing countries until 2020 and the impressive growth rate makes Turkey a priority market for P&G,” Based in the US, P&G,...

Posted on 14 February 2011

Turkey: Candidate for IMF Executive Board ?

Date: 11/10/2010 Turkey: Candidate for IMF Executive Board ? John Lipsky, First Deputy Managing Director of the International Monetary Fund (IMF) Executive Board has indicated that Turkey is a strong candidate for a place on the IMF Executive Board. Turkey’s GDP could reach approximately USD 790 billion in 2011, according...

Posted on 14 February 2011

Turkey: IMF raises economic forecast

Date: 11/10/2010 Turkey: IMF raises economic forecast Because of the stronger than expected consumer spending the IMF indicated that Turkey’s economy may increase by 7.8 percent this year, which is more than double the pace in other emerging European markets, said the International Monetary Fund, Turkey is recovering from the...

Posted on 14 February 2011