Tag Archives: Investment

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

Ford breaks ground for new factory in Turkey

Istanbul, 20 March 2012 - As part of its 1 billion USD investment, Ford Otosan broke ground on its third automotive manufacturing factory at Yenikoy in North West Turkey. Once the factory is completed in 2013 it will be home to a new light commercial vehicle. At the ground breaking...

Posted on 31 March 2012

All Turkish students to get free tablet PCs

Istanbul, 13 March 2012 - Turkey’s new education project to provide every elementary school student with tablet PCs and all classrooms with electronic boards should create a market of over 7 billion USD over the next 4 years according to Nihat Ergun, Turkey’s Minister of Science, Industry and Technology. Called...

Posted on 13 March 2012

French company buys shares in Turkish airport operator

Istanbul, 12 March 2012 – Owners of Istanbul’s Ataturk Airport operator, TAV Airports, has sold 38% to the French airport operator, French Aeroports de Paris, The total deal is worth over 870 million USD. TAV operates 10 airports, four in Turkey (Istanbul Ataturk, Izmir, Ankara and Gazipasa), two in Georgia,...

Posted on 12 March 2012

31 million 3G telephone users in Turkey

Istanbul, 8 March 2012 - Turkey’s leading telecom companies Avea, Turk Telekom, Vodafone and Turkcell, have sales revenue in excess of 15 billion USD. The total number of mobile subscribers in Turkey has reached over 65 million subscribers with those using 3G networks were over 31 million. The use of...

Posted on 09 March 2012