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Tag Archives: Investment

Turkey’s increases renewable wind power capacity

Istanbul, 7 February 2012 - According to the European Wind Energy Association Turkey’s new wind farms added 470 MWs of electricity capacity in 2011, added to Turkey’s existing wind power capacity this took the total to near 1,800 MWs a 36 percent increase. This extra production takes Turkey into the...

Posted on 09 February 2012

Istanbul considering the privatisation of its public car parking services

Istanbul, 6 February 2012 - Following the successful privatisation of Istanbul Ferry Lines in 2011 the Istanbul Metropolitan Municipality is considering privatisation of its  Istanbul Parking Operations Company (ISPARK) which manages the public parking in the 28 districts of Istanbul. Founded 7 years ago with over 2,000 employees the company...

Posted on 06 February 2012

French company Renault increases its investment in Turkey

Istanbul, 3 February 2012 - With its Turkish partner Oyak Holdings, Renault, the French auto manufacturer, is to invest USD 254 million in its manufacturing plant in Turkey. In 2012 Renualt intends to start production of new Clio 4 Supermini together with its upgraded Megane 3 hatchback as well as...

Posted on 03 February 2012

Istanbul Number One in European Property Investment

Since the downturn struck I could count the number of times the Guardian has covered Turkish property, in the mainstream sections anyway, but we have a cracker in today's. After winning for the last 2 years on the trot, Istanbul has once again be named the property  investment hotspot of...

Posted on 03 February 2012

Real estate professionals say Istanbul is the tops for investment

Istanbul, 2 February 2012 - For the second year running a survey conducted by PwC (PricewaterhouseCoopers) and the Urban Land Institute has placed Istanbul as the top European city to invest in commenting “Turkey's appeal is based on a long-term view of the future". 600 European real estate professional were...

Posted on 02 February 2012

US company NCR looks at Turkey as a potential regional base

23 January 2012, Istanbul - NCR the US technology has identified Turkey as its potential regional headquarters. Commenting on a forthcoming visit to Turkey Mr Bill Nuti, the NCR CEO said, “Engineering and call centre investments in Turkey are on the agenda. In order to provide new and better solutions...

Posted on 24 January 2012

Turkey’s Foreign Direct Investment up 70% in 2011

19 January 2012, Gaziantep - Speaking in the SE city of Gaziantep, Mr Ilker Ayci, President of Turkey’s 'Investment Support and Promotion Agency', said “Turkey has attracted 70 percent more FDI in the first 11 months of 2011 over the same period of the preceding year, reaching USD 12.1 billion”...

Posted on 19 January 2012

US company invests in southeastern Turkey

17 January 2012, Istanbul - According Martin Carver, the Chief Executive of the US based MG Consulting, investing in Turkey is more profitable than investing in China or Europe “I see no economic growth in European markets. That is why I would rather invest in Turkey” said Carver. Carver is...

Posted on 18 January 2012

Major UK pharmaceutical company to locate regional HQ in Istanbul

16 January 2012, Istanbul – GlaxoSmithKline (GSK) a leading UK pharmaceutical company is moving its Middle Eastern and African operations to Istanbul. This new Istanbul regional headquarters will be responsible for the operations in 30 countries within GSK markets. Commenting on the move, Asia Pacific and Emerging Markets Director of...

Posted on 17 January 2012

Turkish Airlines flying high

20 December 2011, Istanbul - According to Turkish Airlines General Manager Temel Kotli, the airline has had a very successful 2011 and will add 10 new global destinations in 2012 as well as adding 18 new aircraft to fleet of 178 aircraft. “The new destinations to be added until the...

Posted on 23 December 2011