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Tag Archives: Investment

Turkey’s tax incentives for new technoparks

14 October 2011,  Istanbul - Speaking at IBM’s Software Summit in Istanbul, Nihat Ergun, Turkey’s Minister of Industry, Science and Technology, described Turkey’s “Silicon Valley” vision. Turkey is to build technoparks which will be exclusively for high tech companies engaged in telecoms, software development, ecosystems and technical R&D, the first...

Posted on 14 October 2011

Intel invests in Turkish internet company

12 October 2011, Turkey - Chip maker Intel, through its investment  arm Intel Capital, has invested an undisclosed amount in Grupanya a Turkish e-commerce company. This is Intel Capital’s second investment in Turkey. According to Burak Aydin, Intel Turkey General Manager the investment will help Grupanya to develop is new...

Posted on 12 October 2011

Turkey’s M&A increases

6 October 2011, Ankara - Turkey is having its best M&A period since 2008 as Turkey’s economy continues to outperform the rest of Europe and the emerging BRIC countries. Whilst M&A deals in the BRIC’s Brazil, India and China dropped, with only Russia showing any M&A growth, Turkey’s transaction value...

Posted on 06 October 2011

A strong wind blowing through Turkey

5 October 2011, Turkey - As part of Turkey’s plan to reduced imported energy supplies running up to Turkey’s centennial in 2023 it has been announced that Turkey’s first locally developed and manufactured wind turbine should come on stream by late 2012. The Turkish manufactured wind turbine has been developed...

Posted on 05 October 2011

Istanbul’s gas supplier to go private

30 September 2011, Turkey - “IGDAS is the next company to be put to tender by IBB” said Adem Basturk, the Secretary General of IBB (Istanbul Metropolitan Municipality) about IGDAS (Istanbul Natural Gas Distribution Company) in a recent statement. IGDAS is expected to be privatised in 2012. IGDAS serves 4...

Posted on 30 September 2011

Chinese electricity company invests in Turkey

29 September 2011, Turkey - Zhejiang Energy Group, China’s state owned electric power construction holding company, has signed an agreement with Turkey’s Polat Madencilik to develop a coal mining field in Aydin in western Turkey and a coal fired power plant creating 5,000 jobs. The first stage of the agreement...

Posted on 29 September 2011

Swiss chocolate manufacturer increases Turkish investment & production

28 September 2011, Turkey - Nestle, the Swiss based chocolate manufacturer intends to increase its business in the low cost sweet and chocolate market in Turkey according to Devrim Cobek, Nestle’s Business Executive Manager of Nestlé Turkey’s Confectionery Business Unit. Nestle purchased a 51% share in Turkey’s Balaban Gida company...

Posted on 28 September 2011

Thirty nine new five star hotels in Istanbul

22 September 2011, Turkey – According to new report by Turkey’s TUROB (Touristic Hotels and Investors Association) hoteliers are flocking to Istanbul and currently there approximately 100 new hotels under construction in there. TUROB President Timur Bayindir said “The wave of new hotel investments in the city will add a...

Posted on 22 September 2011

Turkey Property is the Hot Investment Choice

During the boom emerging markets took on an appeal all of their own as they became known for their self-perpetuating cycles of strong growth. Economic growth would lead to rising affluence, which would lead to increasing demand for housing, house prices would be pushed up as a result of this...

Posted on 18 June 2011

Turkish Property Forces Investors to Sit Up and Take Notice

No one can ignore Turkey in 2011, especially given the trouble anyone who managed to do so throughout 2010 would have had. It is equally hard to deny that Turkey is now one of the hottest overseas property markets in the world, you can't argue with good old facts and...

Posted on 27 May 2011