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£10 billion potential of Turkey's geothermal energy

The Turkish government could utilise its rich thermal resources to make £10 billion, according to one expert.Orhan Mertoglu, the Turkey Geothermal Association president and International Geothermal Association World vice-president, made the claim during an interview with the Turkish Daily News.Turkey has the seventh richest thermal resources in the world, with around 1,300 underground waters containing exceptional chemical and physical resources.But the £10 billion figure can only be achieved by first investing £800 million in the same way Italy and Germany have done in the...

30-07-2007 - read more...

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Huge investment increase in Turkey

Overseas investors have reacted positively to the election results in Turkey, mainly due to the fact that the Justice and Development Party (AK Party) is seen as the most pro-business of all the competing parties.Today's investment in Turkey has reached unprecedented levels, and the total foreign direct investment (FDI) for the January to March period stands at £7.95 billion, says Namik Aksel, HSBC's chief investment officer for Turkey, writing in Todays Zaman.There was a massive jump in investment levels compared to the corresponding period last year, which was £1.32 billion –...

27-07-2007 - read more...

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'Turkey is a model for peaceful Middle East'

Nirvana International - Your reference point for Property in TurkeyTurkey has been described as a real example of secular Muslim democracy which could help bring peace in the Middle East by a New York Sun journalist.In an article that praises the successful stabilisation of Turkey's economy, which is now ripe for investment, journalist Liz Peek described the nation as a model for what the US government is "striving for in the Middle East"."Turkey is that secular Muslim democracy that we are so desperate to create in the [Middle East]," she suggests."It serves as a...

04-07-2007 - read more...

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