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Turkey – Burger King reaches 300th restaurant, signals new investments

Date: 09/04/2010Turkey - Burger King reaches 300th restaurant, signals new investments Having opened its 300th restaurant in Turkey, fast food restaurant chain Burger King has reached the highest growth figures after its home country, the USA. TAB Gida, franchisor of Burger King in Turkey, has opened more than 100 restaurants...

Posted on 14 February 2011

Turkey fast becoming an R&D center for multinational companies

Date: 08/04/2010Turkey fast becoming an R&D center for multinational companies The latest R&D incentives, combined with Turkey’s highly trained and skilled work force, is turning the country into a “technology development center” for international companies. According to data issued by the Ministry of Industry and Trade, the number of companies...

Posted on 14 February 2011

Turkish automotive industry readying itself for the “green“ revolution

Date: 08/04/2010Turkish automotive industry readying itself for the “green“ revolution While the first electric-powered cars are not expected to roll out before 2011, the Ministry of Industry and Trade has already stepped up efforts to assist the country’s booming automotive industry for the coming electric age. A report prepared by...

Posted on 14 February 2011

Turkey – Travel agency expects a better year

Date: 07/04/2010Turkey - Travel agency expects a better year Turkey is likely to have a good tourism season this year if Spain and Greece do not reduce prices, a travel agency official said Tuesday. "The possibility of reduced prices in Spain and Greece, major destinations for European tourists, especially for...

Posted on 14 February 2011

Turkey – New broadcasting law raises foreign shares in TV companies

Date: 07/04/2010Turkey - New broadcasting law raises foreign shares in TV companies A new draft law regarding the establishment and shareholding structure of TV and radio broadcasting corporations brings Turkey’s broadcasting industry to the focus of international investors. Prepared by the Radio and Television Supreme Council (RTUK), the draft law...

Posted on 14 February 2011

Turkish Government takes new steps to assist investors

Date: 06/04/2010Turkish Government takes new steps to assist investors The Turkish government is getting ready for a new initiative to increase employment and uplift economic activities. Often criticized as being “too complex” by the country’s business bodies, certain bureaucratic procedures involved in getting licenses and permits will soon be eradicated,...

Posted on 14 February 2011

World Bank – TurkeyÂ’s growth to exceed expectations

Date: 06/04/2010 World Bank - Turkey’s growth to exceed expectations Turkey's economy could grow six percent in 2010, well exceeding an official projection of 3.5 percent growth, and its current account deficit can be easily financed this year, said the World Bank on Monday. Data last week showed Turkey's economy...

Posted on 14 February 2011

2 billion euro for Turkish real estate investment

Date: 01/04/20102 billion euro for Turkish real estate investment Germany’s DIK (Deutsche Infrastruktur Kapital), one of the world’s four largest companies in the infrastructure sector, entered the Turkish real estate sector by forming a partnership with the Turkish company Timur Gayrimenkul. In the press conference held by the partners, DIK...

Posted on 14 February 2011

Turkish economy emerges from recession

Date: 31/03/2010Turkish economy emerges from recession Turkey emerged from a crippling recession as its economy grew by a strong 6.0 percent in the fourth quarter, official data showed Wednesday. The growth — which exceeded market expectations of 4.0 percent — broke a slump that lasted four quarters and helped to...

Posted on 14 February 2011

Turkey – Izmir eager to host Chinese car production plant

Date: 31/03/2010Turkey - Izmir eager to host Chinese car production plant One of China’s leading automotive producers Dong Feng Motors (DFM) remains the center of attention for various Turkish cities willing to host the car production plant to be built in Turkey as a part of an investment package worth...

Posted on 14 February 2011