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Tag Archives: Investment

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

Turkey’s car industry launches new vehicle at the 2012 Geneva Motor Show

Istanbul, 7 March 2012 - Turkey launches its new Turkish designed, engineered and manufactured vehicle, the Karsan VI taxi, at the 82nd Geneva Motor Show. The V1 taxi was one of the finalists in New York’s recent tender for New York’s “Taxi of Tomorrow”, narrowly losing out to Nissan in...

Posted on 09 March 2012

Turkey’s research and development on the up

Istanbul, 5 March 2012 - Nihat Ergun, Turkey’s Minister of Science, Industry and Technology, expects Turkey to spend 3 percent of GDP on research and development by 2023, the year of Turkey’s centennial. Speaking recently Ergun said “The percentage of Turkey’s GDP allocated to R&D expenditure is steadily rising and...

Posted on 07 March 2012

Italian chocolate maker Ferrero Group decides on Turkey

Istanbul, 2 March 2012 – Ferrero Group, the global Italian chocolate maker, has announced a 95 million Euro investment in Turkey. The factory to be built in Manisa in Western Turkey on a 146,000 m2 plot will be Ferrero’s 19 production plant worldwide. The factory is due to come on...

Posted on 07 March 2012

Arab bank granted new Turkish banking license

Istanbul, 1 March 2012 - It has been announced Lebanese bank, Bank Audi, has become the first bank in eleven years to get a Turkish license, and according to Wissam H. Fattouh Secretary General of the Union of Arab Banks the first of many, “I assume there will be more...

Posted on 02 March 2012

Strong international M&A activities in Turkey

Istanbul, 29 February 2012 - According to the 2011 Ernst & Young’s Mergers and Acquisitions report 272 mergers or acquisitions took place in Turkey in 2011 with a total value of 13.7 billion USD. Only one country exceeded Turkey in the value of transactions in the central and south-eastern Europe...

Posted on 02 March 2012

Super rich Mexican looking for investments in Turkey

Istanbul, 27 February 2012 - The world’s richest man, (According to Forbes) Mexico’s Carlos Helu is actively looking for investment deals in Turkey describing Turkey as “the shining star of the globe”. At the recent the Turkish - Mexican Business Forum held in Mexico City, Rifat Hisarcıklıoglu, President of Turkey’s...

Posted on 29 February 2012