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Tag Archives: Investment

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

Turkey’s September industrial production increases

Istanbul 9 November 2012 - Data released by the Turkish Statistical Institute showed Turkey’s industrial output increased by 6.2 percent in September 2012 (compared with the same period in 2011) and  3.9 percent over the previous month.Turkey’s exports also showed gains of 21 percent in September compared with the previous...

Posted on 13 November 2012

Istanbul’s New Banking Centre Project May Be Worth $2.6 Billion

If it goes ahead then Istanbul's new finance centre could one day become a hub capable of rivaling any other Middle Eastern banking hub. The project is predicted to cost $2.6 billion, making it the largest non-transportation project ever undertaken in the country. It's just one of a number of...

Posted on 09 November 2012

Turkey Gets Its Investment Grade Status

Turkey is has finally got the investment grade rating it has strove for for so long, as Fitch upgraded the country to the investment grade rating of BBB-. Analysts are split as to what the effects of the upgrade will be. Some suggest, as has long been the consolation, that...

Posted on 07 November 2012

Fitch Ratings upgrades Turkey

Istanbul, 5 November 2012 - Fitch Ratings has upgraded Turkey’s foreign currency credit rating from BB+ to BBB- and Turkey’s local currency’s rating two notches from BB+ to BBB. A statement from Fitch says “Fitch believes that the Turkish economy is on track to return to a sustainable growth rate,...

Posted on 06 November 2012