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Tag Archives: Investment

South Korean bank to open office in Turkey

Istanbul, 11 September 2012 - Speaking at a recent press conference, Yun Yong-ro, CEO of Korea Exchange Bank, said the bank is considering applying for banking licence in Turkey, If it goes ahead it will be the South Korea’s first bank to establish a bank in Turkey. Korea Exchange Bank...

Posted on 18 September 2012

Shale gas exploration starts in Turkey

Istanbul, 5 September 2012 - TPAO,Turkey’s state owned oil company, in conjunction with Shell has begun exploring for shale gas in the Anatolian province of Turkey. At a recent meeting with Taner Yildiz, Turkey’s Minister of Energy, Shell CEO Peter Voser said “Shell is pleased to work with TPAO on...

Posted on 12 September 2012

US companies to invest in Turkey’s solar energy

Istanbul, 31 August 2012 - International Capital Alliance and International Solar Electric Technology of the US has announced plans to form a JV to invest in solar photovoltaic panels production in Turkey. The new JV company is also planning to set up a 200 MW solar farm. The initial investment...

Posted on 04 September 2012

New Turkish industrial complex project to start in 2013

Istanbul, 30 August 2012 – The new Filyos Valley industrial complex at Caycuma in the western Black Sea area is set to begin in 2013. The complex will consist of a port, industrial areas, including iron-steel foundries, shipbuilding facilities and cement plants, power plants and dams. Commenting on the project...

Posted on 04 September 2012

UK mobile telephone operator looking at Turkish market

Istanbul, 29 August 2012 – UK’s Virgin Mobile, part of Richard Branson’s Virgin Group, is looking at Turkey as part of its expansion plan for Eastern and Central Europe. Virgin Mobile has recently launched a virtual mobile telephone network in Poland and according to Virgin’s CEO for the region, Kristian...

Posted on 29 August 2012

Global automakers increasing investments in Turkey

Istanbul, 28 August 2012 – Auto makers, Hyundai and Ford Motors, are increasingly depending on Turkey for its research & development and manufacturing. According to Umit Karaaslan, Hyundai’s Director General inTurkey, the company is about to increase its investment in Turkey - “Preliminary studies on setting up an R&D centre...

Posted on 28 August 2012

30 new private hospitals to be opened in Istanbul

Istanbul, 24 August 2012 - Due to increasing demand information released from Turkey’s Private Hospitals and Health Institutions Association shows  50 new private hospitals are expected to be open by the end 2012. Reforms by Turkey’s Social Security Institution which allows patients to make free of charge use of private...

Posted on 24 August 2012

US Rockwell may invest in Turkey

Istanbul, 23 August 2012 – Rockwell Automation, the US based global industrial automation and information solutions provider, is looking to set up in Turkey to manufacture industrial automation systems. Following a meeting between Turkey’s Minister of Science, Industry and Technology, Nihat Ergün, and Rockwell Automation Chairman and CEO, Keith Nosbusch,...

Posted on 23 August 2012

Japanese companies eying up Turkey

Istanbul, 22 August 2012 – In a recent Anatolia news agency interview, Yo Takahashi, the Japanese embassy attaché, said "The Turks and the Japanese are really very close to each other. But there are still many steps to be taken to bring our economic relations to the level we wish,...

Posted on 23 August 2012

Investment in Turkey keeps growing

Istanbul, 16 August 2012 - According to Turkey’s Economy Minister Zafer Caglayan “Turkey is like a flower garden in attracting FDI”. Turkey’s FDI reached 8.2 billion USD in the first six months of 2012, an increase of 21 percent over the same period in 2011. “These figures are a proof...

Posted on 20 August 2012