The evolution of Turkey’s financial capital into an international finance center wins British backing. Stating his readiness to share London’s experience as a financial hub, the Lord Mayor of the City of London, Alderman Roger Gifford said that the UK was ready to be Turkey’s partner in Istanbul’s development as a regional and global financial …
Category Archive: Regions and Provinces
Jan
29
$8 Bln Investment Expected In Newly Found Lignite Field
The total investment anticipated in order to generate electricity from a newly discovered lignite reserve field in Konya province could reach $8 billion, Energy Minister Taner Yıldız said over the weekend. Yıldız announced that 1.8 billion tons of lignite reserves were discovered in Konya’s Karapınar district. The minister said the reserves could generate 5,000 megawatts …
Jan
04
Turkey Inks $12b Energy Agreement
Turkey signed on Thursday an agreement with the United Arab Emirates for the development of coal fields in southern Turkey to generate electricity. The agreement between Abu Dhabi-based TAQA and Turkey’s state-run power company EUAS marks the biggest Arab investment in the Turkish energy sector, a senior energy ministry official told AFP. To view the …
Dec
27
Turkey Attracts Over 30 Million Tourists in 11 Months
Tourists from all over the world continued to pour into Turkey in 2012, exceeding 30 million arrivals in January-November period, according to data released by the Ministry of Culture and Tourism. Source: The news section of ISPAT website
Dec
11
Textile Exports from Bursa Exceed $1.5 Bln
Textile and ready-to-wear clothing exports from the northwestern province of Bursa exceeded $1.5 billion in the first 11 months of 2012, according to data from the Uludağ Exporters’ Association (UİB). Textile exports from the province rose by 9.8%to $1.1 billion, while ready-to-wear clothing exports dropped by 5.42% to $453.2 million year-on-year in the first 11 …
Nov
15
IMMIB REACH&CLP HELPDESK
IMMIB REACH&CLP Helpdesk is an industrial helpdesk that aims to help and communicate Turkish exporters to comply with REACH & CLP Regulation and to encourage them being reliable partners in the EU market. Source: IMMIB (Istanbul Minerals and Metals Exporters’ Association)
Oct
18
Trade Volume of Free Zones in Turkey Up
Trade volume of free zones in Turkey was up by 9.1% to 13.5 billion U.S. dollars year-on-year between January and July 2012. According to the figures by the Ministry of Economy, trade volume of free zones had been 12.3 billion U.S. dollars in the same period of 2011. The highest trade volume was recorded in …
Sep
03
Middle East’s Biggest Grain Trade Center To Be Opened In Turkey
The Middle East’s biggest grain trade center will be opened in Kiziltepe town of Turkey’s southeastern Mardin province three months later. A total of 187,000 tons of grains will be preserved in a modern facility in the center. The trade center is being set up on an area of 213,000 square meters, and it is …
Jul
26
Free Zones Post $22.6 Billions in Revenues
Turkey’s 19 free zones registered $22.6 billion in turnover last year and created employment for 54,000 people. The country’s free zones, which have been operational in Turkey for 27 years, have played a crucial role in the country’s economy and in creating employment, according to the Ministry of Economy . The free zones, which were …
Jun
12
Deal For First Phase of Izmir Fast Train Signed
Turkey’s Forest and Waterworks Minister Veysel Eroğlu attended the signing of the 287 kilometer Ankara-Afyonkarahisar high speed rail project yesterday. This is the first phase of the larger İzmir-Ankara high speed rail project. Afyonkarahisar, a western Anatolian province, is one of the world’s new hubs of thermal tourism, according to Eroğlu, and has taken its …
Apr
17
Istanbul’s finance center bid draws foreign investors
As Turkey’s megacity turns into an international finance center, property investors from the East and the West are flocking to the office and housing projects in Istanbul’s Atasehir district, heart of the Istanbul Finance Center (IFC). Source: The news section of ISPAT website
Apr
06
Turkey’s new incentive scheme to balance regional income
Turkish Prime Minister Recep Tayyip Erdogan announced yesterday a new incentive scheme to prop up local and foreign investments, while supporting underdeveloped regions. Source: The news section of ISPAT website
Mar
09
Trade in free zones up 22%
Trade in Turkey’s free zones increased 21.9 percent to $22.6 billion in 2011. The Aegean Free Zone made the highest trade at $5.7 billion, the figures provided by the Economy Ministry indicated. The zone’s trade, which stood at $2.5 billion in 2010, rose by 129.6 percent to $5.7 billion in 2011. The Istanbul Industrial & …
Mar
08
Central Anatolian Exporters’ Unions’ (OAİB) Export Figure Reached $ 1.299 mln in January-February 2012
The total exports by the Unions affiliated with the General Secretariat of Central Anatolian Exporters Union increased by 8,8 % in January-February period, 2012 as compared to the same period of the previous year, totaling approximately $ 1.299 million. The share held by OAİB in the total exports of Turkey in the first two months …
Mar
02
Erzurum At A Glance
Erzurum is located in Eastern Turkey. Its economy is mainly based on agriculture and husbandry. 65% of its total land is pasture ground, which accounts for 13% of total pasture area in Turkey. The prominent agricultural products of Erzurum include wheat, barley, rye, sugar beet, potato and sunflower. Fruits such as apple, pear, walnut, apricot, …
Feb
23
Adana At A Glance
Strategically located at the crossroads of the Middle East and Europe, and as the host of many civilisations in history, Adana is one of the five largest economic, social and cultural centres in Turkey. Two important factors make Adana attractive for investment: the low cost of living and easy access to the Turkish and international …
Jan
23
Turkey carries the potential to be a regional base
US-based technology company NCR has shortlisted Turkey for a regional base, according to CEO Bill Nuti. Providing ATM and kiosk solutions for a variety of sectors, NCR has specified areas of investment in Turkey, the CEO said ahead of its planned visit to Turkey in spring. “Engineering and call center investments in Turkey are on …
Jan
19
Turkey’s Near-Term FDI Target between USD 30-40 billion – ISPAT President
Foreign direct investment (FDI) inflow to Turkey reached USD 12.1 billion in the first 11 months of 2011, and the country is looking into at least tripling that amount in the near future, said the head of the official investment agency. Source: The news section of ISPAT website
Jan
12
Turkey Aims to Lure High-tech Investors, ISPAT President Says
Turkey’s policies to draw foreign investments to the country are shifting towards a more sector-specific approach, aiming directly at high-tech and export-oriented projects, the head of the country’s official investment agency said. Source: The news section of ISPAT website
Dec
20
Rose & Cosmetics Sector
Rose, as a symbol, is attributed to Isparta, a city located in West Mediterranean Turkey. Isparta Rose (Rosa Damascena) is a hybrid type obtained from the mixture of Rosagallica and Rosamoschata species. Source: Rose Sector Report / West Mediterranean Development Agency
