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Tag Archives: Investment

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

E-commerce giant Amazon invests in Turkey

22 December 2011, Istanbul - Amazon the US e-commerce giant has entered the Turkish market and acquired a interest in Ciceksepeti.com a Turkish online flower delivery company. Emre Aydin the General Manager of Ciceksepeti.com said “Amazon’s lead in technology and online marketing will be beneficial for our growth in 2012”...

Posted on 23 December 2011

Malaysian company to invest in one of Turkey’s leading hospital groups

15 December 2012, Istanbul - Over the last few years Turkey’s healthcare sector has attracted significant interest for global investors from both East and West. Several major Turkish healthcare companies, for example, Universal Healthcare Group, Medical Healthcare and Memorial Healthcare Group have already attracted partnership or buy ours from major...

Posted on 15 December 2011

Turkey’s university entrepreneurs to get help from Intel

8 December 2011, Ankara - In 2012, Intel, the worlds largest chip manufacturer, is launching a new initiative to help young Turkish university entrepreneurs. Intel is not new to the principle and has previously helped METU (Turkey’s Middle East Technical University) set up their new R&D labs through supplying equipment,...

Posted on 08 December 2011

The next Apple may come from Turkey

5 December 2011, Istanbul - “The next Steve Jobs may well be a Turk” said the US Vice President Joe Biden speaking during the 2nd Global Entrepreneurship Summit in Istanbul. Biden said “I was not surprised to hear our (US) Ambassador to Ankara saying that the next Steve Jobs may...

Posted on 05 December 2011

Nestle goes on investing in Turkey

29 November 2011, Ankara - According to Nestle Turkey’s CEO, Mr Hans Ulrich Mayer, Turkey has been a great place to invest - “Turkey has been the recipient of several Nestlé investments many times greater than we invest in other markets” reported Mayer. Nestle has invested about 500 million USD...

Posted on 29 November 2011

Turkey to make it easier for foreigners to buy property

15 November 2011, Istanbul - The Turkish law of property purchase reciprocity is expected to be lifted in 2012. The law bans foreigners from 89 countries buying a property in Turkey because Turkish nationals cannot freely buy a property in that reciprocal country. These banned countries include Russia, Gulf States...

Posted on 15 November 2011