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Tag Archives: Spot Blue

Honda considering new Turkish motorcycle

Istanbul, 9th May 2012 - Honda as part of its global restructuring is considering the adding motorcycling manufacture to its plant at Sekerpinar in Turkey’s north east. According to , Kadir Kutluay, Honda Turkey Vice President, the company is investigating the manufacture of a 100cc machine for the local Turkish...

Posted on 24 May 2012

US Caterpillar equipment maker looking at investment opportunities in Turkey

Istanbul, 24 May 2012 - According to Nihat Ergun,Turkey’s Minister of Science, Industry and Technology, US heavy equipment maker Caterpillar has indentified Turkey for its investment strategy. Caterpillar has been impressed withTurkey’s new investment incentive scheme and were briefed about the new schemes during Turkey’s President Abdullah Gul’s recent visit...

Posted on 24 May 2012

New law to help foreign property buyers

Istanbul, 4 May 2012 - The long awaiting property bill has finally passed through the Turkish Parliament lifting the restrictions of reciprocity for foreign property buyers in Turkey. The removal of the reciprocity law means citizens of the Middle East and Central Asia may now purchase property in Turkey freely....

Posted on 11 May 2012

Saudi polypropylene company to invest in Turkey

Istanbul, 30 April 2012 - One of Saudi Arabia’s fastest growing companies Advanced Petrochemical Company is planning to build a polypropylene production plant in Turkey. Expected to open by 2015 the plant will one of its key plants outside the company’s home country. The new venture will be in partnership...

Posted on 03 May 2012

Turkey full of opportunities says UK Trade Minister

Istanbul, 27 April 2012 - Lord Green, the UK’s Trade and Investment Minister, extols the business opportunities in Turkey. Talking about opportunities in Turkey on a recent trade mission, Green said “Turkey is a country full of opportunities for European companies, not only with its large domestic market but also...

Posted on 03 May 2012

French pharmaceutical company relocates its regional centre to Istanbul

Istanbul, 26 April 2012 - Sanofi, the French pharmaceutical company, has decided to relocated its regional management team based in Dubai to Istanbul under its restructuring programme. Stephen Cobham, Sanofi’s Vice President for Turkey and the Middle East, said “Turkey’s quality labour force and sound scientific base, combined with medical...

Posted on 03 May 2012

US biotechnology company buys Turkish generics drug maker

Istanbul, 25 April 2012 - Amgen, the US biotechnology company, is to acquire over 95% of Mustafa Nevzat Ilac a Turkish generic drug manufacturer. The acquisition worth about 700 million USD will increase Mustafa Nevzat’s presence in the emerging markets in the region and Africa. Commenting, Bob Bradway, Amgen’s Chief...

Posted on 03 May 2012

FDI 25% up in first 2 months of 2012

Istanbul, 24 April 2012 - Turkey's foreign direct investment has increased by 25% in the first two months of 2012 reaching 1.6 billion USD of which property sales to foreigners represented 19% of the total. Property rentals and business investments more than doubled from the 2011 figures, the manufacturing sector...

Posted on 30 April 2012

Chinese Huawei set to increase investments in Turkey

Istanbul, 23 April 2012 - According Sun Ming, Regional Director of Huawei - the second largest wireless networking seller in the world - the company is set to increase its investment in Turkey. Commenting on the move Ming said “Turkey hosts Huawei’s second largest R&D center outside China and serves...

Posted on 30 April 2012

Istanbul retailing attracts major global retail brands

Istanbul, 23 April 2012 - CB Richard Ellis’ annual report “How Global is the Business of Retail?” has found Turkey is ranked 14th in the world. According to the report Turkey attracted 39% of the global retail brands. Because of the economic growth of Turkey, Istanbul has been the main...

Posted on 30 April 2012