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Turkey Property Turkey reaches gas pipeline agreement

Turkey has reached an agreement with the European Union (EU) and several countries in the Mashreq region regarding an international gas pipe.The countries are to work together to finalise plans for the Arab Gas Pipeline by the end of the year.Under the plans, existing pipelines will be extended through Turkey and into Europe to supply the continent with energy.Cooperation and ongoing dialogue from all parties was encouraged at the meeting via the European Commission earlier this week.Commissioner Ferrero-Waldner commented: "The Mashreq countries, Turkey and Iraq, are key energy partners...

07-05-2008 - read more...

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Turkey Property Turkey is attractive business partner

Turkey is in a favourable position to attract trade from areas outside continental Europe, according to one business chief.Aysegul Arican, business council coordinator at Foreign Economic Relations Board (DEIK), believes that due to an economic slowdown in some EU countries, Turkey is now looking towards Scandinavia for new trade opportunities.Mr Arican told the Turkish Daily News: "We are now looking to boost foreign trade and business volumes by finding new partners in the Nordic region."He went on to stress that Turkey stands as a desirable strategic trade partner for many...

02-05-2008 - read more...

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Turkey Property Turkey motor industry on the up

The production rate of Turkey's motor industry has seen a significant increase on the previous year, according to new reports.Vehicle production hit 1.1 million in 2007, with an 11.3 per cent increase over the previous year, reports Today's Zaman.The figures mean Turkey boasts the 16th highest production rate of motor cars worldwide.The newspaper highlighted the commercial benefits the motor industry has brought to the country: "The Turkish automotive industry, which was launched in the 1950s with truck and off-road vehicle production for the military, has played a major role in...

31-03-2008 - read more...

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Turkey Property Turkish minister arrives in NYC to discuss economy

Turkish minister Mehmet Simsek has arrived in New York for a major conference on Turkey's economic and social future.The minister will speak at the Turkey After 2008 conference, an event put together by the Turkish-American Business Council (TABC) as part of the Foreign Economic Relations Board of Turkey (DEIK).Turkish Press reports that Mr Simsek will be joined by the TABC's chairman Ferit Sahenk and also the Union of Chambers & Commodity Exchanges of Turkey (TOBB) chairman Rifat Hisarciklioglu.Central Bank Governor Durmus Yilmaz will also be speaking at the conference, which will focus...

17-03-2008 - read more...

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Turkey Property–Thriving press in prosperous Turkey

If signs of a thriving society are said to be seen in the strength of its press then news that the level of magazines and newspapers are on the increase in Turkey is likely to be greeted as a positive sign.The Turkish Board of Statistics (TUIK) says that almost 5,000 newspapers and magazines made it on to the shelves in 2006, reports the New Anatolian.An increase of 10.3 per cent on 2005, the amount of press being produced has been matched by a growth in circulation.Circulation now tops 2.3 billion, with the TUIK showing that the number of people employed in print media within the country is...

14-03-2008 - read more...

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Thriving economy gives Turkey investment promise

Apart from being a large country with fantastic weather and beautiful scenery, Turkey's booming economy is another reason why the country is ripe for investment, according to one news provider.7Days has highlighted the promising opportunities offered in the Mediterranean country, citing its closeness to Dubai as a reason for investors in the city to look a little further afield.The United Arab Emirates-based newspaper said: "Its [Turkey] economy is firing on all cylinders, with various sectors of the country's industry performing exceptionally well recently. "Turkey has gone through...

24-01-2008 - read more...

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OECD: Turkey will grow by six per cent

The Organisation for Economic Co-operation and Development (OECD) has predicted that Turkey's growth rate in the coming two years will be 2009.On that estimation, the rate would be 0.5 per cent higher than the target set by the government for 2008.The organisation noted that Turkey's economy had picked up momentum this year after the parliamentary election in June.An OECD spokesman told the Guardian: "If the pending reforms targeted by the government, notably in the labour markets and for the modernisation of the business sector, are implemented assertively, this could accelerate...

07-12-2007 - read more...

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Turkey sees economic development continue

Tourists considering a trip to Turkey will be buoyed by the news that the country continues to prosper. The historic nation, which has in recent years seen huge improvements to its transport networks and infrastructure, will now see the construction of two new power plants.In a deal struck between power and gas firm E.ON and Turkish energy giant Turcas, the new plants are to represent a "major step into the Turkish energy market", according to E.ON board member Lutz Feldmann.He added that the country's "strong growth rates" and "urgent demand for additional generation...

21-09-2007 - read more...

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