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Tag Archives: Turkey Economy

Intel invests in Turkish internet company

12 October 2011, Turkey - Chip maker Intel, through its investment  arm Intel Capital, has invested an undisclosed amount in Grupanya a Turkish e-commerce company. This is Intel Capital’s second investment in Turkey. According to Burak Aydin, Intel Turkey General Manager the investment will help Grupanya to develop is new...

Posted on 12 October 2011

A strong wind blowing through Turkey

5 October 2011, Turkey - As part of Turkey’s plan to reduced imported energy supplies running up to Turkey’s centennial in 2023 it has been announced that Turkey’s first locally developed and manufactured wind turbine should come on stream by late 2012. The Turkish manufactured wind turbine has been developed...

Posted on 05 October 2011

Turkey tops G20 for job creation over last 3 years

27 September 2011, Turkey – According to a recent ILO (International labour Organisation) report over the last 3 years Turkey sits on top of the G20 list for job creation ( Q1 2008 to Q1 2011). The report, produced in conjunction with OECD (Organisation for Economic Co-operation and Development), reported...

Posted on 27 September 2011

Working with Turkey will be very profitable says Turkish Prime Minister

26 September 2011, Turkey - Speaking from New York Turkey’s Prime Minister Recep Tayyip Erdogan said that businesses working with or investing in Turkey will benefit greatly from it. Erdogan said “We (Turkey) made many reforms, especially sector and company specific micro reforms, to increase Turkey’s competitive advantage in the world,...

Posted on 26 September 2011

S&P upgrades Turkish credit rating

21 September 2011 - The international credit rating agency S&P (Standard & Poor’s) has upgraded Turkey’s local currency rating to the investable rating of BBB-/A-3. Commenting on the upgrade S&P’s analysts Frank Gill and Leila Butt said “The local-currency upgrade reflects our view of continuing improvements in Turkey’s financial sector...

Posted on 21 September 2011

Turkey to Become Regional Call Centre Hub

Turkey is to become a regional call centre hub because of its young dynamic population, as well as its unique geographic location experts are predicting. Turkey has a lot to offer global companies looking to outsource their tele-sales, tele-marketing and customer services operations to another country, Deniz Babucoglu, the Turkish...

Posted on 29 October 2010

Turkish Economy to see Strong Recovery in 2010 says the IMF

The IMF has just issued its World Economic Outlook and it is very positive on the Turkish economy. Unfortunately the report is generalised, but I picked out the following on Turkey: Sizable output gains forecast in 2010 (page 77) 3.7% GDP growth forecast in 2010 - among strongest of all...

Posted on 03 October 2009

IMF to Resume Negotiations with Turkey, Agreement Unlikely

International Monetary Fund Chief Dominic Strauss Kahn said today that the IMF would restart negotiations with Turkey after the annual meeting in Istanbul. Some 15,000 delegates are descending on Istanbul for the annual meetings of the World Bank, the IMF, including finance ministers from the G7 nations. Last week it...

Posted on 02 October 2009

Turkish Foreign Minister to EU: We Kept Our Side, Keep Yours & Assess Our Bid

The Turkish foreign minister Ahmet Davutoğlu has urged his European Union counterparts to accelerate the process of re-examining his country's bid for full membership, and to not let the Cyprus issue stall it any further. Davutoğlu said that his country is currently amidst a period of unparalled reform aimed at...

Posted on 05 September 2009

Spot Blue One of the Most Approachable Companies in the Business

Here at Spot Blue we love Turkey and Turkish property so much that we could just talk about it all day. We are a knowledgeable resource on all things Turkey, especially all about buying property in the country, but we are also one of the most approachable companies. Many people...

Posted on 11 July 2009