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Tag Archives: Investment

Turkey to Receive Qatari Capital

Close ties struck between Turkey and Qatar during current Middle Eastern tensions are set to be converted into a $5 billion Emirati investment into Turkey. As some Gulf and Arab nations staged an economic blockade of Qatar over the summer months, its close advocate, Turkey, stepped forward and exported essential...

Posted on 14 September 2017

Air Travel in Turkey Continues to Rise in Popularity

The last twenty years have seen many changes in Turkish society and travel businesses were one of the sectors massively affected when the government embarked on a campaign to modernise methods and infrastructure. Efforts are definitely paying off, as the latest travel stats revealed by the General Directorate of State...

Posted on 08 September 2017

Turkey Removes Military Search for Foreign Property Buyers

The property market of Turkey is celebrating recent news that in some areas, the government has removed the compulsory military search that most foreign buyers had to complete. By doing so, a foreign property buyer can now receive their title deeds on the same day as purchasing, a positive aspect...

Posted on 24 August 2017

Turkey’s Foreign Trade Statistics for First Half of 2017

A recent report published by the national news agency of Turkey, Anadolu has revealed foreign trade statistics for the first half of 2017. Using information, and data provided by the Turkish Statistical Institution (Turk Stat), the report also compared year on year figures of June 2016 and the same month...

Posted on 10 August 2017

Turkish Tourism Growth Boosted by Transport Investments

Speaking at the Turkey and Neighbors Hotel Investment Conference (CATHIC), a player in the tourism sector has said that the sector is being boosted to 300% annual growth and beyond thanks to giant transportation and urban renewal plans. The huge cost and huge effort spent on transportation and infrastructure projects...

Posted on 31 May 2013

Turkey’s new high speed train network to boost economy

Istanbul, 26 November 2012 - By 2023 Turkey is expected to have 10,000 kilometres of high speed track out of the country’s total of 25,000 kilometres. Speaking recently Binali Yildirim, Turkey’s Minister of Transport and Communication, said  “The high-speed train lines that will connect four major cities Ankara to Istanbul,...

Posted on 28 November 2012

Tenders for Istanbul’s third airport expected by end 2012

Istanbul, 25 November 2012 – At a cost 6.5 billion USD Istanbul’s 3rd airport is expected to be put out to tender before 31 December 2012. The first phase of the airport will have 3 runways and a 100 million passenger capacity and should be completed in 2016. The project...

Posted on 28 November 2012

Pfizer opens vaccine factory in Turkey

Istanbul, 24 November 2012 – Pfizer, a leading global pharmaceutical company, has opened its pneumococcal conjugate vaccine factory in Istanbul. The vaccine is used in fighting pneumococcal diseases in infants and young children and is part of Turkey’s Childhood National Immunization Program run by the Ministry of Health. Source: Invest...

Posted on 28 November 2012

Turkey increases R&D by 20 percent

Istanbul, 12 November 2012 - Figures recently issued by the Turkish Statistical Institute shows expenditure on R&D (research and development) in Turkey is up by over 20 percent in 2011 compared with the year before and reached 6.2 billion USD. The annual survey shows 92,801 employees (full time equivalent) are...

Posted on 14 November 2012

Global oil companies buy share in Trans-Anatolian gas pipeline

Istanbul, 10 November 2012 - BP, Total and Statoil have reached agreement with the Azeri state oil company SOCAR to buy a 29% stake in the Trans-Anatolian gas pipeline which will bring gas throughTurkey to European markets. With a 51 percent stake in the pipeline SOCAR remains the main backer...

Posted on 14 November 2012