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Investment in Turkey |
| TURKEY HAS THE 15TH LARGEST ECONOMY IN THE WORLD |
Siemens AG opens $135 mln plant in Turkey
The Munich-based company called the new 100 million euro ($135 million) plant one of the most advanced in the world. |
Bosch to invest more in Turkey
The Bosch Group in Turkey generated sales of more than 1.6 billion euros in 2008 and continued to invest in automotive technology despite the slump in markets, said Bosch’s general manager. |
Foreign investment in Turkey
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Leading Indian firm to invest in Turkey
IMFA Group, India's leading manufacturer of ferroalloys, is planning to invest in the Central Anatolian province of Sivas, the Sivas Chamber of Commerce and Industry (STSO) said in a statement on Thursday. |
Tax cuts in Turkey
A decision by the Turkish government reducing private consumption tax on automotive, housing and white goods for three months. New rate will be 8 percent for three months instead of 18 percent. |
Investing in property in Turkish coastal areas
According to a leading British tour operator, Turkey has knocked Spain off the top spot in terms of being the most popular summer holiday destination for Britons in 2008. |
Turkey plans to invest $600 million in southeastern dam project
Turkey plans to invest in $600 million in a hydroelectric plant and dam project in Turkey's southeastern province of Siirt that will provide job opportunities for 1,200 workers. |
Turkey now a major gold exporter on crisis
Turkey is now a "major" gold exporter after a deteriorating economy and a jump in prices spurred consumers to sell their jewelry, according to a new report by London-based researcher GFMS. |
LG to open 20 new stores in Turkey this year
LG Electronics Turkey President Christopher Kim has said the company expects to open 20 new stores in Turkey this year and to have 60 stores in the country by 2010.
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Norwegian energy company plans to invest up to $1.2 bln in Turkey
NetvizyonHaber - Norwegian energy company, Statkraft, which acquired a 95 percent stake in a subsidiary of Turkey's Global Investment Holdings (GYH) on Wednesday, is expected to invest up to $1.2 billion in seven hydropower projects. |
International Jewelry fair opens in İstanbul
Hurriyet - More than 1,000 companies from around the world are participating in the fair that showcases world's most expensive stones, jewelry and accessories. |
Italy, Turkey assess annual trade volume
Italian companies’ investments in Turkey increased 196 percent in 2008 compared to a year earlier and reached $219 million. Italy is Turkey’s third largest trade partner. Between Turkey and Italy reached $18.8 billion last year. |
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Istanbul to have its first seven-star hotel
Hurriyet - The first of the "Edition" series of hotels is going to be opened in Istanbul by the contract signed between Palmali Holding and Marriott Hotels. ’The Edition Hotel Istanbul' will offer seven-star comfort to its guests and will cost 100 million euros. |
GE Turkey chief plans to keep Garanti stake
Hurriyet - General Electric said on Tuesday that it has no plans to sell its stake in Garanti Bank, Turkey's third-biggest lender, while it remains profitable. GE is not considering changing its financial portfolio in Turkey, said Ozkan, adding that it considers Istanbul-based Garanti as one of its most reliable investments. |
Marmaray to bring prosperity to regions
Hurriyet - Two giant transportation projects in Istanbul, Marmaray and Anadoluray, will connect the two continents of Asia and Europe and have a major impact on the real estate market. |
TPAO inks Turkish exploration deals with Exxon, EOG
Sabah - According to a report by Reuters, the Turkish Petroleum Corporation, or TPAO, signed oil exploration deals with ExxonMobil and EOG in an effort to increase the exploitation of hydrocarbon reserves in Turkey. |
Giant investment from German investors in Erzincan
Hurriyet - The rail fastener factory built in the eastern Turkish province of Erzincan by the German Vossloh Group, one of the world’s largest in rail infrastructure and rail technology markets, has been officially inaugurated with a ceremony. |
Banks attract TL 1 bln under ‘wealth amnesty'
Milliyet - Turkish banks have recorded approximately TL 1 billion in funds directly deposited with them without prior notification to the tax office, as part of a "wealth amnesty" program launched by the government to attract an infusion of cash into the country's sagging financial system. |
Peugeot signals interest in investing in Turkey
Hurriyet - Speaking at the International Geneva Motor Show last week, Collin said they are planning to manufacture a new car model and have already started conducting research and development. "We plan to invest in Turkey for a new compact sedan model. |
Cisco: Turkey signals “all green” in long term
Sabah - Paul Mountford, President of the Emerging Markets Theatre for US networking giant Cisco Systems has said “We are proceeding with our USD 275 million investment in Turkey. Turkey ranks 6th in our investment plans. While we see the amber light in resilience to endure the financial crisis, it is all green in the long term.” |
Turkish, German companies to invest in wind energy in Turkey
Dunya - Ataseven Energy Production, a Turkish energy company operating in the wind power sector, and Epuron, a German company operating in the fields of wind, solar power and bio-energy, have announced their plans to make a joint investment in wind power in Turkey. |
NetvizyonHaber - Mark Mobius, the investor who oversees more than $3.5 billion invested in Turkey, said Turkey, Egypt, China and Brazil are countries to invest in. Templeton has $20 billion in emerging market assets. |
Dunya - Turkey’s new R&D law has made some big multinational companies to eye the country for investment. Zyxel Communications, Mercedes-Benz, HP and Unilever are among the names having shifted their focus on Turkey, whereas Coca Coca is the latest company getting ready to join this trend. |
| TURKEY RANKED 9TH AMONG TOP TOURISM EARNERS IN 2006 |
Dutch Corio to attract EUR 1.4 billion to Turkey
Hurriyet - Corio, Netherlands-based property group, has changed its pre-crisis growth plan for the Anatolian regions and have decided to continue with its ongoing operations, thus growing in the metropolitan areas. |
Germany's EnBW to invest $1.25 bln in renewable energy in Turkey
Milliyet - The German power group EnBW wants to invest 1 billion euros ($1.25 billion) in renewable energies with a partner in Turkey, a press report said on Tuesday. EnBW is the fourth biggest German power company, with 2008 sales worth more than 16 billion euros ($20.2 billion). |
US giant HP chooses Turkey
Sabah - The world's largest PC manufacturer Hewlett-Packard is making plans to establish a factory in Turkey with a USD 60 million investment. |
Russia could spend USD 7 billion on Turkish nuclear plants
Sabah - Sergei Shmatko, the Russian Minister of Energy, said last week that a state-backed consortium could spend up to USD 7 billion on a project to build four nuclear reactors in Turkey, whose total cost is USD 18-20 billion. |
BAT to continue investing in Turkey
Hurriyet - Johan Vandermeulen, General Manager of British American Tobacco (BAT) Turkey, stated that since their first step into the Turkish market in 2002, they have increased their market share from zero percent to more than ten percent through their own products, whereas following the merger of BAT and TEKEL they now account for one third of the overall market. |
MANN HUMMEL group to invest in Turkey
Hurriyet - MANN HUMMEL group, a global producer of automotive spare parts filter and air intake systems and other components for the automotive industry, announced it will make investments in Turkey. |
Chevron close to deal on Turkish oil drilling
Dunya - Chevron will join Petrobras, Brazil's state oil firm, and ExxonMobil Corp, the world's biggest listed oil company, in exploring off Turkey's Black Sea coast, where natural-gas production began in 2007. Petrobras is investing USD 400 million and is due to begin drilling off the Black Sea coast this year in an area they believe contains five billion barrels of oil. |
Greeks prefer Turkey for health investment
Hurriyet - Having investors from US and Dubai among their partners, Greece-based Marfin Investment Group chose Turkey for health investment. |
Russia's Lukoil plans to invest $400 million in Turkey
Dunya - Russian OAO Lukoil plans to make a $400 million investment in Turkey in the coming decade, the company's chairman Vakit Alekperov told a press conference in Istanbul. Lukoil was planning to invest $8 billion globally in 2009, he added. Lukoil currently markets to 24 countries globally, including Russia, the United States, as well as Turkey and other European countries. |
India's GMR in talks with Turkish companies for power plant
Sabah - India's GMR Infrastructure Ltd is in talks with the Turkish companies to build a natural gas-fired power station with a capacity of 1,000 megawatts, the Head of its Turkish unit said late on Wednesday. |
Verbund: We are in Turkey for long term
Netvizyon Haber - Enerjisa, established under the partnership of Sabanci Holding and Austria’s leading energy company Verbund, acquired Baskent EDAS last week. |
Istanbul among the top in European realty market
Hurriyet - PriceWaterhouseCoopers (PwC) released its findings of Emerging Trends in Real Estate Europe 2009. PwC indicated that Istanbul ranks the third most attractive market for both commercial and real estate investments. |