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Turkey Property Foreign investment reaches record levels

Turkey received a record $21.9 billion (£43 billion) worth of foreign direct investment (FDI) during 2007, it has emerged. Figures released by the country's Treasury this month revealed capital inflow to the country worth $19.2 billion through privatisations, mergers and acquisitions and property sales to foreigners worth $2.95 billion, reports Today's Zaman. The Treasury's Foreign Direct Investment Data bulleting also recorded $18.4 billion in net foreign capital inflow and $500 million in capital acquired in the country by foreign partners, the article noted. More than 3,000 new...

22-02-2008 - read more...

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Turkey Property Ministers talk of major UAE investments

Turkey's finance minister Kemal Unakitan has spoken of exciting projects in the country involving the United Arab Emirates (UAE).During the seventh-term meeting of the Turkey-UAE Joint Economic Committee in Ankara, the protocol was signed by Unakitan and Economy Minister Lubna al Qasimi of UAE, reports the New Anatolian.Unakitan revealed that the United Arab Emirates investment in Turkey had reached $4 billion (£2.04 billion).A free trade agreement between Turkey and the Gulf Cooperation Council (GCC) is expected to be signed in the near future.The UAE delegation which arrived in Turkey...

15-02-2008 - read more...

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Turkey Property Turkey promotes itself to fashion industry

Turkey has declared its potential to the international fashion industry at the International Istanbul Fashion Fair.Foreign trade minister Kursad Tuzmen told assembled journalists from France, Germany, Canada, Israel, Russia, China, Jordan, Bulgaria, Georgia and Albania that Turkey could provide quality at all stages of production in clothes manufacturing "from the farmland to end user," reports the Toronto Star.Mr Tuzem pointed to the fact that Turkey ranks eighth in the world export league for textiles and fourth in fashion.The event took place on February 7th at the CNR EXPO in...

15-02-2008 - read more...

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Turkey Property Conference targets US fund managers

A conference to be held in New York next month will hold Turkey up as a suitable target for US investors.On March 17th the Turkish-American Business Council and the Turkey Foreign Economic Relations Board (DEIK) will stage a meeting that will be attended by the Turkish economy minister Mehmet Simsek, reports Today's Zaman.Under the title 'Turkey after 2008' a follow-on from last year's 'Turkey: the New Target of Direct Investment and Private Equity Funds' discussion, topics such as the property market, IT, private equity funds and Turkey's agriculture and food industries will be on the...

13-02-2008 - read more...

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Turkish economic drive to continue through elections

Turkey's drive for economic progress is to continue throughout the forthcoming sets of elections, the country's prime minister has said.In a sign of the growing economic maturity of Anatolia, Recep Erdogan said that there would be no concessions to populism to win votes."Turkey is headed for two elections. We have the presidential elections in two months and then the general election in seven months," Mr Erdogan told a business conference, the Turkish Weekly reports."However, we will never compromise on our economic program, although in our country it is commonplace to pursue...

26-02-2007 - read more...

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Investors flock to Turkish investment talks

The heads of major multi-national firms have flocked to Turkey to hear a talk given by prime minister Recep Erdogan on how to boost investment in the republic.During the International Investors Association (Yased) talks, the prime minister promised that the government would support investors and that the economic environment was open and ready."Foreign investors that see Turkey as an investment solution come here and we will continue to give them support," Mr Erdogan told Yased delegates, the Turkish Daily News reports."Companies with a presence in Turkey know that it is in...

23-02-2007 - read more...

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Citibank to continue Turkey investment

Citibank has announced that it will continue its investment in Turkey, with growth planned for 2007.At the opening of Citibank's Antalya branch in Turkey, Citibank's director for growth Imren Tuylu told the Anatolia news agency that the bank was planning to increase its number of Turkish branches.Mr Tuylu confided that Citibank's profits was New Turkish Lira 114 million (£41.4 million) ahead of the bank's official profit announcement for 2006, Today's Zaman reports."Citibank is the oldest foreign bank operating in Turkey and has been since 1975. This shows our permanency and trust...

06-02-2007 - read more...

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