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Tag Archives: Investment

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

Internet investors looking at Turkey

Istanbul, 24 February 2012 - Turkey’s online sector is attracting the eyes of the investors with a range of global companies buying in Turkey; South Africa's Naspers has taken a majority stake in the e-commerce site Markafoni; eBay has bought online marketplace GittiGidiyor; Amazon.com has taken a stake in the...

Posted on 24 February 2012

China “Turkey has become one of the most attracting countries in the world”

Istanbul, 22 February 2012 - At the Turkey - China Economic and Commercial Cooperation Forum held in Istanbul today, Xi Jinping, the Chinese Vice President, announced that Chinese and Turkish business had signed agreement worth 4.3 billion USD, commenting "Turkey has become one of the most attracting countries in the...

Posted on 24 February 2012

Turkey to become regional centre for Vodafone

Istanbul, 21 February 2012 – At a recent launch ceremony Vodafone Turkey’s Chief Technology Officer, Jorge Fernandes, has said that Vodafone is to make Turkey its regional HQ for its Middle East and North Africa operations. At the opening ceremony of Vodafone’s new network operation centre in Istanbul, Fernandes said...

Posted on 21 February 2012

Foreign investments in Istanbul up over 100 percent in 2011

Istanbul, 20 February 2012 - A recent report by the Istanbul Chamber of Commerce shows investment in Istanbul has increased by over 100 percent in 2011 compared with the previous year 2010. The report also shows that over 52 percent of the increase comes from foreign investors with the biggest...

Posted on 21 February 2012