Investment
Investment to continue
Turkey’s Atakas Group has refuted a story by Italian daily MF that claimed there was a six-month delay for a venture between Danieli, Italy’s biggest maker of equipment for the steel industry, Russia’s Magnitogorsk Iron&Steel and Ataka? had been delayed for six months.
In a statement sent to the Hürriyet Daily News & Economic Review yesterday, […]
Canadian investor for Multi Turkmall
Multi Corporation’s Turkey subsidiary, Multi Turkmall, has announced it will spend 4.3 billion euros on new projects and investments as part of its “Multi Turkey Real Estate Fund.”
The Investment Board of Canada Pension Plan, or CPP, became the first founding investor to the Multi Turkey Real Estate Fund with a 250 million euro commitment, according […]
[News Analyses] Despite a dearth of mega M&A’s, market remains brisk
Despite the headlines of major newspapers around the world proclaiming disastrous quarterly economic results, and despite the statements of major corporate law firms reporting frozen activity, mergers and acquisitions (M&A) activity - although not necessarily deal completion — is occurring at increasing rates. Turkey, contrary to what the headlines in many dailies read, is no […]
Russia to build Turkey’s 1st nuclear plant
Turkey’s first nuclear energy power plant is expected to be constructed in Mersin’s Akkuyu district. It is expected to have a capacity of 4.000 megawatts.
The Turkish Atomic Energy Agency (TAEK) has deemed the Turkish-Russian Joint Venture Atomstroyexport-Inter Rao-Park Teknik, the only bidder in a tender for the construction of Turkey’s first nuclear power […]
EDF Energies Nouvelles invests in Turkey
EDF Energies Nouvelles said it had bought a 50 percent stake in Turkish wind energy company Polat Enerji.
No financial details of the deal were disclosed.
In partnership with another Turkish company, Polat Enerji owns two in-service windfarms with an installed capacity of 50 megawatts in total, with a further 80 megawatt facility under construction.
It also has […]
Turkey will focus on neighboring markets, says trade minister
Foreign Trade Minister Kürsad Tüzmen has said Turkey will send a series of delegations to neighboring countries over the next few months, aiming to diversify its export markets and increase trade, in order to counteract the effects of the economic slowdown in European markets.
“We expect stagnation in European markets, and we are aiming to […]
Turkey, Iran sign economic protocol
Turkish and Iranian officials signed a protocol at the 20th Turkey-Iran Joint Economic Commission meeting in Tehran on Wednesday, an indication of increased cooperation during the global economic crisis.
Speaking at the signing ceremony, Economy Minister Mehmet Simsek said the protocol would improve relations between Turkey and Iran. “The two countries should boost bilateral […]
Saudi minister: It is time to boost mutual trade
Saudi Arabian Transportation Minister Jubarah Suraysri said on Wednesday that there is a positive atmosphere to boost commerce between Turkey and Saudi Arabia.
Speaking at a meeting of the Turkish-Saudi Arabian Business Council in ?stanbul, Suraysri stressed that both Turkey and Saudi Arabia possessed the political will and the necessary economic conditions to promote […]
Siemens invests in Turkey despite crisis
Europe’s largest engineering conglomerate, the German firm Siemens, is making a new investment in Turkey, signaling their faith in the Turkish market. Siemens Turkey CEO Hüseyin Gelis said yesterday that the company was investing some 100 million euros in the Gebze district of Kocaeli. “We are establishing a new factory in Gebze because we attach […]
Sony to continue investments in Turkey
A multinational electronics company will continue its investments in Turkey, an executive of the company said on Wednesday.
Mohsen Noohi, the director general of Sony Eurasia, said that the company would go on with its investments in Turkey, a growing and developing economy.
“We aim to grow six-folds and have a 10 percent share in […]
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