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Tag Archives: Turkey Economy

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’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

Mercedes Benz picks the Turkish Lira for trade

Istanbul, 6th April 2012 - Because of the Eurozone problems and the strength of the Turkish Lira, Mercedes-Benz has decided to adopt the Turkish Lira for its trade with Turkey thus underlining Turkey’s growing financial importance. Mercedes is one of the first global companies to use the Turkish Lira for...

Posted on 13 April 2012

Strong international M&A activities in Turkey

Istanbul, 29 February 2012 - According to the 2011 Ernst & Young’s Mergers and Acquisitions report 272 mergers or acquisitions took place in Turkey in 2011 with a total value of 13.7 billion USD. Only one country exceeded Turkey in the value of transactions in the central and south-eastern Europe...

Posted on 02 March 2012

Super rich Mexican looking for investments in Turkey

Istanbul, 27 February 2012 - The world’s richest man, (According to Forbes) Mexico’s Carlos Helu is actively looking for investment deals in Turkey describing Turkey as “the shining star of the globe”. At the recent the Turkish - Mexican Business Forum held in Mexico City, Rifat Hisarcıklıoglu, President of Turkey’s...

Posted on 29 February 2012

Turkey’s increases renewable wind power capacity

Istanbul, 7 February 2012 - According to the European Wind Energy Association Turkey’s new wind farms added 470 MWs of electricity capacity in 2011, added to Turkey’s existing wind power capacity this took the total to near 1,800 MWs a 36 percent increase. This extra production takes Turkey into the...

Posted on 09 February 2012

French company Renault increases its investment in Turkey

Istanbul, 3 February 2012 - With its Turkish partner Oyak Holdings, Renault, the French auto manufacturer, is to invest USD 254 million in its manufacturing plant in Turkey. In 2012 Renualt intends to start production of new Clio 4 Supermini together with its upgraded Megane 3 hatchback as well as...

Posted on 03 February 2012

8 Turkish banks in the top 500 for global brand value

Ankara, 1st February 2012 - Unlike European banks, Turkish banks had a very good profitable year in 2011 with profits reaching nearly 12 billion USD.  In a recent report by Brand Finance, a London based brand valuation consultancy, eight Turkish banks were rated in the top global 500 for brand...

Posted on 01 February 2012

Turkish exports reach a new high

3 January 2012, Ankara - Despite the global downturn Turkey’s 2011 exports reached an all time high exceeding 2010 by 18.2 percent and amounting to nearly 135 billion USD. According to data from TIM (the Turkish Exporters Assembly) the manufacture of motor vehicles showed the largest sector for exports amounting...

Posted on 03 January 2012

The next Apple may come from Turkey

5 December 2011, Istanbul - “The next Steve Jobs may well be a Turk” said the US Vice President Joe Biden speaking during the 2nd Global Entrepreneurship Summit in Istanbul. Biden said “I was not surprised to hear our (US) Ambassador to Ankara saying that the next Steve Jobs may...

Posted on 05 December 2011