Turkey coasts enjoy rising number of tourists
The number of tourists visiting Turkey exceeded 13 million in the first half of the year, 12.5 percent more than the same period in 2010, according to recently released data.
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Turkey unqualified state land will be subject to sale
Unqualified state land will be subject to sale after new related legislation is approved by the Turkish parliament, generating revenues of 26 billion Turkish Liras.
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Turkey plans to cooperate with South Korea in the construction sector
Turkey is close to inking a free trade deal with South Korea, according to Economy Minister Zafer Çağlayan, who is cultivating business contacts in the Far Eastern country during a visit this week.
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Philips is aiming for aggressive growth in the robust Turkish market
Philips is seeking double-digit growth in Turkey, according to a top executive. The Dutch company is planning to relaunch manufacturing in the country.
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Turkish economy may be as “strong as a rock"
As the Istanbul bourse kept fluctuating on Tuesday after sharp losses that started Friday, top officials have said the Turkish economy is sound. Still, Finance Minister comments that the country is not an ‘island’.
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Five-star offices for rent by new Turkish brand
Windowist, an investment by the tourism and construction firm Akdağ, is ready and open for offering the newest five-star ready-office services in Turkey in the company’s 26-floor building located in Maslak, one of Istanbul’s modern business centers.
Read article Global insurance firm opens in Turkey
CIGNA, a leader in direct marketed supplemental health, life and accident insurance in the international marketplace, announced Tuesday the launch of a new office and operations in Turkey.
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Turkey could be among the top three producers of wind energy
The third international annual congress of Wind Power Turkey will be held in Istanbul between Sept. 20 and 21.
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Turkey’s biggest airport operator says best bidder in Medina airport auction
TAV, Turkey’s biggest airport operator, said it was announced as the best bidder in an auction to build and operate for 25 years Medina’s international airport with partners Saudi Oger and Al Rajhi Holding Group.
Read article Turkey posted the second-highest number of merger and acquisition transactions
Turkey posted the second-highest number of merger and acquisition transactions in the first half of 2011 among Central and Southeast European countries, according to a report by Ernst & Young.
Read article Turkey’s market for information technologies will grow by 15 percent in 2011
The information technology sector is expected to see the fastest growth in Turkey this year, according to a report by a leading research and consulting firm.
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Sales of automobiles and light commercial vehicles have hit an all-time record in the Turkish market
Turkey’s automobile and light commercial vehicle sales grew 42.5 percent in the first seven months of 2011 compared with the same period last year, recording the highest-ever sales figures in the country’s automotive market, according to newly released figures.
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The House, the local hotel chain, aims to expand abroad soon
The new chief executive of the rapidly-expanding “The House” hotel chain has warned against sectoral excess, noting that the “void” observed in the market is being filled by unrealistic projects that could end up out of business.
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Wimdu, a global actor in house renting for tourism, broke into the vibrant Turkish real estate market
Wimdu, a global actor in house renting for tourism, says it will boost the already-existing market in Turkey with a developed infrastructure and know-how.
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The number of tourists visiting Turkey exceeded 13 million
The number of tourists visiting Turkey exceeded 13 million in the first half of the year, 12.5 percent more than the same period in 2010, according to recently released data.
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Turkish companies are showing a great interest in investing in tourism facilities and real estate in the Greek islands
Turkish firms will considerably increase their investments abroad in 2011, according to a top official at Ernst&Young. Eastern European countries, such as Greece and Romania, are the main destinations for these companies’ plans.
Read article Turkey’s consumer confidence index rises in July
Turkey’s consumer confidence index rose by 1 point to 96.2 points in July, a survey conducted by market research agency GfK has shown, noting that consumers said June’s elections were the most important topic on the recent agenda.
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Tourists from Arab countries are playing a significant role in the 35 % rise in foreign credit card transactions in Turkey
A study by Turkey’s Interbank Card Center shows that transactions by foreign cards have increased by 35 percent in the first half of the year. Tourists from Arabic countries who prefer Turkey for their summer holidays and shopping trigger the increase, according to Soner Canko, general manager of the center.
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PepsiCo in Turkey has attained double-digit growth in the second quarter
Turkey’s young population and strategic importance has the Turkey unit of PepsiCo set to become “the favorite company in its sector in all of Europe,” according to the company’s Southeastern Europe region chief, Eugene Willemsen.
Read article Turkey’s award-winning wineries are attracting world famous wine brands
Turkey’s southern region has become a promising precious land for wine production as many leading experts compare it to the United States’ Napa Valley, famous for top wineries of the world, said a wine expert Sunday.
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