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Tag Archives: Investment

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

Akbank Subsidiary to Launch 4 New Turkish Real Estate Funds

Four new capital protected property funds are to be launched in Turkey by Akbank subsidiary Ak Asset Management. The funds, which will be linked to food, gold and oil prices are due to be opened next month. "The capital protected property fund has started to gain a larger share in...

Posted on 31 March 2011

Turkish Property Boosted by Strong German Recovery

Turkey, as part of the Central and Eastern European region is benefiting from the rapid recovery being seen in the German economy, says a leading expert in the field. "Though southern Europe is having serious troubles, we are observing very strong growth in Germany and the Central and Eastern Europe...

Posted on 26 March 2011

Turkey Named as One of Top Property Investments in World

Turkey has been highlighted as one of the top choices for global property investors by a leading expert. Speaking at the MIPIM event in Cannes, France, Robert White of Real Capital Analytics told reporters that the BRICs are no longer the top dogs of global property investment, that now the...

Posted on 13 March 2011

Turkish Budget Deficit Shrank 24.9% in 2010

Turkish finance minister Mehmet Simsek has announced that the budget deficit dropped by 24.9% in 2010. Turkey’s continued good news on the economic front continues to increase the likelihood that it will be bumped up to investment grade status this year. The announcement, coming as it does amidst an EU...

Posted on 20 January 2011