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S&P upgrades TurkeyÂ’s credit rating

Date: 24/02/2010 S&P upgrades Turkey’s credit rating An eased debt burden along with directed government policies to stabilize and reform economic policy led to the upgrading of Turkey’s credit rating in an environment where nearly 100 downgrades have occurred, said Turkey’s Deputy Prime Minister Ali Babacan. Babacan, speaking to the...

Posted on 14 February 2011

Private equity investors favor Turkey

Date: 19/02/2010 Private equity investors favor Turkey Turkish companies are drawing in private equity funds that notice the country’s strong growth indicators in the wake of the financial crisis, according to an article posted by the news site businessneweurope.eu. In a story this week, the website pointed to Turkey’s large...

Posted on 14 February 2011

Turkey to be the worldÂ’s 13th largest economy in 2026

Date: 18/02/2010 Turkey to be the world’s 13th largest economy in 2026 Turkey will be the world’s 13th largest economy in 2026, according to data from the International Monetary Fund (IMF). Turkey, which was ranked 17th in the globe for its gross domestic product back in 1985, will step up...

Posted on 14 February 2011

Hugo Boss to move production to Turkey

Date: 18/02/2010 Hugo Boss to move production to Turkey Germany’s globally renowned clothing brand Hugo Boss has decided to end its textile production in Cleveland, Ohio and move its factory to Turkey. The upscale fashion brand has been manufacturing suits in Cleveland for over 30 years. Turkey’s textile manufacturing capability...

Posted on 14 February 2011

Turkey will be the fastest-growing economy in the post-crisis era says Babacan

Date: 12/02/2010 Turkey will be the fastest-growing economy in the post-crisis era says Babacan During the last quarter of 2009, the Turkish economy showed initial signs of recovery from the global economic crisis, while the worst of the crisis seems over, said Ali Babacan, Turkey’s Deputy Prime Minister for Economy....

Posted on 14 February 2011

Turkey to shape wind energy market in Europe

Date: 12/02/2010 Turkey to shape wind energy market in Europe “Turkey could be among the top three producers of wind energy”, according to Christian Kjaer, CEO of the European Wind Energy Association (EWEA). Commenting on the country’s potential regarding energy production from wind, Kjaer said Turkey has recently raised in...

Posted on 14 February 2011

DHL: Turkey is the base for expansion in Europe

Date: 05/02/2010 DHL: Turkey is the base for expansion in Europe Global logistics giant DHL has announced that the volume of commercial freight services between Turkey and South Asia Pacific have surged 300 percent. According to the data by DHL Global Forwarding, the air freights from Thailand to Turkey have...

Posted on 14 February 2011

Halifax: International property bargains can be found in Turkey

Date: 05/02/2010 Halifax: International property bargains ‘can be found in Turkey’ There are international property bargains to be had in Turkey, according to the National Association of Estate Agents. Property sales in the nation have taken something of a hit recently due to the recession, meaning that many sellers have...

Posted on 14 February 2011

Turkish Airlines Passenger Growth in 2009 to Boost Turkish Air-Travel in 2010

Date: 05/02/2010 Turkish Airlines Passenger Growth in 2009 to Boost Turkish Air-Travel in 2010 The Association of European Airlines has just revealed that passenger numbers on Turkish Airlines flights grew 12.3% according to the blog of UK based Turkish realtor Spot Blue. According to a high up in the AEA...

Posted on 14 February 2011

Istanbul sees meteoric rise as international convention destination

Date: 02/02/2010 Istanbul sees meteoric rise as international convention destination Istanbul’s status as a global meetings and events destination has seen a stellar rise in the past decade, with convention visitor numbers increasing more than eightfold and new infrastructure projects boosting the city’s conference capacity to more than 30,000 delegates....

Posted on 14 February 2011