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Tuesday, 28 August 2007
Erdogan, Gul Widen Army Rift, Gain Freer Hand on Turkish Sales
(Bloomberg) Turkish Prime Minister Recep Tayyip Erdogan, who chose a shining light bulb as his party's symbol, is struggling to keep the power on. Read more...
Sunday, 5 August 2007
Turkey’s changing corporate culture attracting foreigners
(Gulf-times) Guler Sabanci is riding the wave of foreign interest in Turkey. In the past year, the 52-year old chief executive of one of Turkey’s largest conglomerates has struck one deal after another with investors eager to cash in on Turkey’s fast growing economy.
In the past 12 months, Sabanci has inked agreements with the likes of Citigroup, Austria’s Verbund and the UK’s Aviva, raising more than $3.5bn for her company.
But those deals don’t just signal a new willingness by foreigners to invest in Turkey. They also reflect a transformation in the way Turkish companies do business, gradually becoming more professional, better managed and more transparent. Read more...
In the past 12 months, Sabanci has inked agreements with the likes of Citigroup, Austria’s Verbund and the UK’s Aviva, raising more than $3.5bn for her company.
But those deals don’t just signal a new willingness by foreigners to invest in Turkey. They also reflect a transformation in the way Turkish companies do business, gradually becoming more professional, better managed and more transparent. Read more...
Friday, 27 July 2007
Citigroup to buy 30% of Boyner, 50% of Beymen
Boyner Holding announced on Wednesday that it has signed a deal with Citigroup Venture Capital Investment (CVCI), over the sale of a 30.05 percent share of Boyner Büyük Mağazacılık (Boyner B.M.) and 50 percent of Beymen, which is owned in part by both Boyner Holding and the Altınyıldız Corporation. Read more..
Thursday, 19 July 2007
FT reports: Investing in Turkey 2007
• Politics: Likely to be more eurosceptic than its predecessor, the probusiness AKP is likely to win elections
• Energy: Ankara is seeking to outmanoeuvre Russia by becoming an alternative energy conduit to Europe
• Education: A school in eastern Turkey aims to break the mould of the struggling public system
Read the full report.
• Energy: Ankara is seeking to outmanoeuvre Russia by becoming an alternative energy conduit to Europe
• Education: A school in eastern Turkey aims to break the mould of the struggling public system
Read the full report.
Wednesday, 11 July 2007
Turkey, new business gateway for India to EU?
Turkey has zeroed in on India as a strategic partner to accelerate the growth of the country. In 2006 it was ranked as 13 in terms of FDI inflow; over 1 million motor vehicles were produced in 2006; it has an energy corridor; is a terminal of Europe; boasts of low taxes and incentives and is an EU accession country, all of which contribute in making it an attractive investment destination. Read more...
Labels: fdi
Arab capital likes Turkey
Anatolia news agency reports that Gulf States, which two years ago were customers for just 2 percent of Turkey's exports are today buying fully a third the export total, the head of the Turkish-Arab Business Association's (TURAB) advisory board said in an interview published. TURAB expects expects Arab capital to invest approximately $10 billion in Turkey by 2010. Read more...
See also our dossier on Foreign Direct Investment in Turkey.
See also our dossier on Foreign Direct Investment in Turkey.
Turkey Weighs Abandoning IMF Guidance
Wall Street Journal reports that bolstered by recent economic growth and strong foreign-investment inflows, Turkish economic officials are thinking about moving their economy out from under the guidance of the International Monetary Fund. But investors and analysts warn that any move will need to be taken carefully, so it doesn't set off market jitters. Read more...
See also our dossiers:
Turkish Economy
Foreign direct investment in Turkey
See also our dossiers:
Turkish Economy
Foreign direct investment in Turkey
Tuesday, 10 July 2007
Malaysia Airports group wins Istanbul airport deal
A consortium of Malaysia Airports Holdings, India's GMR Infrastructure and Turkey's Limak made a winning bid of 1.9 billion euros for Istanbul's second airport on Monday. Read more...
Tuesday, 19 June 2007
ING enters Turkey with $2.7bn Oyak deal
New development concerning FDI in Turkey: ING, the Dutch banking and insurance group, on Tuesday moved into the Turkish banking sector with the $2.67bn cash acquisition of Oyak Bank and said it would invest to rapidly extend market share by opening branches, improving marketing and expanding internet banking.Tuesday, 12 June 2007
FDI in Turkey
During a recent meeting with foreign investors and World Bank officials, so called Investment Advisory Council meeting 2007, PM Erdogan stated that "Turkey is growing and developing on the basis of economic and political trust. It is also transforming its opportunities to new and rich advantages." The meeting concluded that Turkey made significant achievements in foreign direct investment, which include:- Unprecedented success in implementing the privatization program, resulting in recordhigh levels of revenues
- Acceleration of comprehensive tax policy reforms
- Passage of landmark social security reform legislation
- Reduced administrative barriers to investment, particularly the streamlining of work permit procedures for foreign investors
- Progress in establishing an investment promotion agency
More highlights
- Of Strengths and Weaknesses
- Gul wins Turkish presidency
- Turkey set to elect new president
- Erdogan, Gul Widen Army Rift, Gain Freer Hand on T...
- Turkey's AK Party to pick presidential candidate
- Is Turkey going to the Club-Med?
- Turkey, Iraq Agree to Cooperate
- US works to ease tensions with Turkey
- Erdogan to Form New Government
- Club-Med gains supporters; Turkey puts fears to re...
