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Tag Archives: Turkey

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

Turkish designed and engineered Ford Transit launched

Istanbul, 22 November 2012 - Ford is to launch its entirely Turkish designed and engineered Transit Connect Wagon minivan at the Los Angeles Motor Show. Commenting on the new vehicle, Haydar Yenigun, Director General of Ford Otosan said . “The complete design and engineering work of the new Transit Connect...

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

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

Swiss chocolate maker to invest in Turkey

Istanbul, 3 November 2012 - Barry Callebaut, the Swiss chocolate and cocoa products maker, has announced plans to invest 15 million CHF in a new factory in Eskisehir in Turkey. The new factory will have a production capacity of 15,000 tons per year and is expected to create 50 new...

Posted on 06 November 2012

Ford moves Transit van production to Turkey

Istanbul, 2 November 2012 – The Ford Motor Company has announced plans to close its UK Southampton factory and its Belgium factory and move its Transit van production to its factories inTurkey. Ford will to concentrate its van production with Turkey becoming its sole Transit range maker. Ford Turkey, a...

Posted on 06 November 2012