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Goldman Sachs invests 240 million USD in Turkey

Istanbul, 10th April 2012 - Goldman Sachs, the global investment and securities company,  has bought a 13.3 percent share in Aksa Enerji a subsidiary Kazanci Holding. The deal worth 240 million USD had an immediate effect on the company driving the value of the company up to 1.8 billion USD....

Posted on 13 April 2012

US company looks at a coal gasification plant in Turkey

Istanbul, 5 April 2012 - US based Energy Allied International is assessing a gasification plant in Turkey according to Mike Nassar, Allied’s CEO. Because Turkey little in the way of oil and gas reserves lignite gasification offers Turkey a way of reducing its reliance on imported fuels, commenting on the...

Posted on 13 April 2012

Antalya still the hot spot for property buyers

Antalya, 30 March 2012 – Antalya again leads the field for international property buyers in Turkey. According to data released from the Land Registry Directorate, 42,000 foreigners have bought property in the Antalya region with the Mugla region coming second with over 20,000 foreigners property buyers. Turkey’s has a total...

Posted on 13 April 2012

Turkey’s gas distribution privatisation attracting international investors

Istanbul, 29 March 2012 - The 80 percent privatisation of Baskent Dogalgaz, Turkey’s second largest gas distribution company and supplier to Ankara area, is attracting strong international interest. Partnering local companies, Turkish China’s ENN Group and a Saudi based investment fund are amongst the leaders. According to the Acting President...

Posted on 13 April 2012

A new wind blowing through Turkey

Istanbul, 28 March 2012 - Turkey’s Alke Insaat has announced a new Joint Venture company with the US company TPI Composites, one the world’s most advanced composite wind turbine blade manufacturers. A new 33,000 square metre factory in Turkey’s west coast port of Izmir will employ 350 workers. Turkey is...

Posted on 13 April 2012

Turkey to sign Free Trade Agreement with South Korea

Istanbul, 27 March 2012 – Turkey has signed the framework for a new Free Trade Agreement with South Korea. On a recent visit to Seoul, Recep Tayyip Erdogan, Turkey’s Prime Minister, accompanied by Turkey’s Minister of Foreign Affairs, Minister of Energy and Natural Resources, Minister of Economy and Turkey’s Inward...

Posted on 13 April 2012

New natural gas storage facilities for Turkey

Istanbul, 26 March 2012 - With Turkey’s natural gas consumption dramatically increasing the Russian energy company Gazprom is investigating the construction of natural gas storage facilities in Turkey. According to a Gazprom spokesman “Whenever Turkey has had any problems with other natural gas providers, it has always looked to Gazprom...

Posted on 13 April 2012

Unilever to build a new production plant in Turkey

Istanbul, 23 March 2012 – Unilever is set to invest 100 million USD for a new production plant in Aksaray, in central Turkey. The new plant will increase Unilever’s ice cream brand ‘Algida’ production and is expected to come on stream by May 2013. Source: Invest in Turkey

Posted on 04 April 2012

Danish Bank expansion plans includes Istanbul

Istanbul, 22 March 2012 - Saxo Bank, the Danish specialist in online trading and investment bank, is looking to set up in Turkey. CEO Lars Christensen said “The Turkish market looks very attractive in the coming years, given the country’s impressive growth rate” adding “Saxo Bank has recently opened offices...

Posted on 04 April 2012

Italian bank & financial company applies for new banking license

Istanbul, 21 March 2012 - According to sources in the Board of the Banking Regulation and Supervision Agency of Turkey, Intesa Sanpaolo, one of Italy’s largest bank and financial services company, has applied for a new Turkish bank operating license. Intesa Sanpaolo has tried to enter the expanding Turkish banking...

Posted on 31 March 2012