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Tag Archives: Investment

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

Turkey continues to grow economically during Eurozone crises

4 November 2011, Istanbul - Speaking to businessmen and women at the B20 business event being held during the G20 meeting in Cannes, France, Turkey’s Prime Minister, Recep Tayyip Erdogan, said due to successful planning Turkey continued to grow during the economic crises affecting the Eurozone. The Turkish Prime Minister...

Posted on 04 November 2011

Turkey’s construction sector hits new record

26 October 2011, Istanbul - According to Turkey’s GOYDER (the Association of Real Estate Investment Companies) there was a record breaking 1.8 million people employed in the construction business during the period 1 April to 30 June 2011, an increase of over thirteen percent. In the same period property sales...

Posted on 26 October 2011

South Korea’s Hyundai says Turkish quality is “outstanding”

25 October 2011, Istanbul - Speaking at the 2011 Izmir Autoshow Fair, Umit Karaaslan, Hyundai’s (Turkey) General Manager, indicated that the South Korean car manufacturing car company plans to double its production in Turkey. Karaaslan said “Hyundai’s decision process for the Turkey investment is in its final stage and works...

Posted on 25 October 2011

Japanese air conditioning company invests 260 million USD in Turkey

17 October 2011, Turkey - Following the acquisition of Turkey’s Airfel, Daikin, a leading Japanese air conditioning manufacture, has announced it will be using Turkey as a regional centre for development and manufacture serving markets in Europe, the Middle East and Africa. Daikin paid 260 million USD for Turkey’s Airfel,...

Posted on 17 October 2011