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Turkish companies world's leading exporters of products

Turkish companies world's leading exporters of products | Turkish Business News | Scoop.it

Chairman of Turkish Exporters Assembly (TIM) Mehmet Büyükekşi has said. Büyükekşi also said that Turkey was ranked third in bus and minibus exports, fourth in dishwashers fifth in washing machines, seventh in television, eighth in the men's suits and refrigerators, ninth in leather, welt clothing, electric heaters and commercial cargo vehicles, and tenth in engine parts.

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Qatar's five major conglomerates turn to Turkey for investments

Qatar's five major conglomerates turn to Turkey for investments | Turkish Business News | Scoop.it

Days after Doha, one of Ankara's closest allies in the Gulf region, pledged $15 billion in direct investment in Turkey, Qatar's private sector has also turned to the country as five major conglomerates are looking to invest $300 million.

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FDI in Turkey - Invest in Turkey

FDI in Turkey - Invest in Turkey | Turkish Business News | Scoop.it

Information about the flow of Foreign Direct Investment (FDI) into Turkey, by year, sector, country, as well as companies with international capital.

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Turkey's mega industrial zones to attract investment

Turkey's mega industrial zones to attract investment | Turkish Business News | Scoop.it

Turkey's mega-industrial zones, which will be built with 140 billion Turkish liras (nearly $30 billion) investment, will attract international investments. Mega-industrial zones will create 100,000 jobs, attract domestic and international investments, and provide high-tech production, according to information compiled from the Science, Technology and Industry Ministry. All expenditures of the zones, including bridge, railway connection, electricity, water lines and telecommunications will be covered by the ministry.Turkish Finance Ministry and Treasury will also support these zones.

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European bank invests €70M in Turkish-run marinas chain

European bank invests €70M in Turkish-run marinas chain | Turkish Business News | Scoop.it

The European Bank for Reconstruction and Development Bank (EBRD) announced Tuesday it had invested €70 million to acquire a stake of nearly 25 percent in a Turkish-owned marina company.

"The EBRD has signed investment agreements to become a shareholder in D Marinas B.V., the holding company for a network of currently 10 marinas in Croatia, Greece, and Turkey, operating under the brand name D-Marin," the bank said in a statement.

The funds will be used to finance the company’s growth plans, including the development of marina management operations, further acquisitions, and deleveraging, it said. 

D Marinas B.V., whose ultimate beneficial owner is Turkish conglomerate Dogus Holding, is the largest and only international chain of marinas in the Eastern Mediterranean, boasting some 8,000 berths, the bank said.

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Merger & Acquisition legal support Turkey 

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Turkey received over $500M in foreign investment in Feb

Turkey received over $500M in foreign investment in Feb | Turkish Business News | Scoop.it

Turkey received $511 million in net international direct investment this February, the Economy Ministry announced Wednesday.

In February, the amount of net foreign direct investment (FDI) rose by nearly 12 percent year-on-year, from $457 million in the same month of 2017, while the amount was $602 million in the first month of this year. In terms of equity investment -- the main component of overseas direct investment -- direct inflow to Turkey stood at $280 million, with 71.4 percent of this amount coming from the European Union. Direct capital inflow from EU countries increased by 40.8 percent month-on-month, with the Netherlands, Austria, and Germany as the top three sources of capital inflow.

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V3-TAX GUIDE Turkey 2018-Chinese

Legal support for all Chinese companies and investors in Turkey 

2018 Turkish Corporate Tax Guide in Chinese 

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Contact us for specialist legal advice and business support in Turkey 

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Italian firms eye energy, infrastructure investments in Turkey

Italian firms eye energy, infrastructure investments in Turkey | Turkish Business News | Scoop.it

Italian Trade Agency Istanbul Manager Aniello Musella said that Italian firms show great interest in the sectors on which the Turkish government has focused over the past 10 years.

Musella continued, "The energy and infrastructure sectors attract the greatest attention. There is a rapidly increasing energy demand in Turkey. It is therefore important to ensure Italy's involvement in key infrastructure tenders in the energy sector

 

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Renewable Energy Turkey 

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Aviva eyes Poland, Turkey investments

Aviva eyes Poland, Turkey investments | Turkish Business News | Scoop.it

British insurer Aviva is considering acquisitions in Poland and Turkey, its chief executive said on Thursday, as it reported a 2 percent rise in operating profit and said it planned to return 500 million pounds to shareholders.

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Turkey is becoming a global hub for angel investment

Turkey is becoming a global hub for angel investment | Turkish Business News | Scoop.it
A tax incentive brought by the Turkish Treasury and the policy of supporting entrepreneurs and their supporters have helped Turkey position Istanbul as a global hub for startups, according to an experienced angel investor.
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Japanese investment on the rise in Turkey

Japanese investment on the rise in Turkey | Turkish Business News | Scoop.it

Manisa, a vibrant industrial town in Turkey’s Western Anatolia region, has had a lot of visitors from Japan recently. On February 8, the Japanese multinational electronics and electrical-equipment manufacturer Mitsubishi inaugurated a new air-conditioner factory on the outskirts of the city, which came with an investment of US$100 million.

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Turkey's automotive, automobile production hit all-time high in 2017

Turkey's automotive, automobile production hit all-time high in 2017 | Turkish Business News | Scoop.it

Turkey's total automotive and automobile production increased 13 percent to 1.7 million and 18 percent to 1.1 million, respectively, an all-time high for the industry in 2017

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PFC Delegation Leaves For Turkey To Explore Investment In Furniture Sector

PFC Delegation Leaves For Turkey To Explore Investment In Furniture Sector | Turkish Business News | Scoop.it

A high level delegation of the Pakistan Furniture Council (PFC) Friday left for Turkey on 4-day visit to explore new investment avenues by sharing their vision, expertise for the formulation of future policies, economic studies and project-specific reports in addition to promotional efforts. Talking to media at airport prior to his departure, PFC Chief said the delegation will have an in-depth discussion with their counterparts in Turkey

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Legal advice and support for all cross-border business in Turkey

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EBRD aims for 'strong investment' in Turkey in 2018

EBRD aims for 'strong investment' in Turkey in 2018 | Turkish Business News | Scoop.it

The European Bank for Reconstruction and Development (EBRD) aims to have a “very strong investment” in Turkey this year, according to Suma Chakrabarti, the bank’s president.“I think we will have a very strong investment in Turkey, around €1.5 plus-billion of investment I think,” Chakrabarti told Anadolu Agency on Tuesday, ahead of his two-day visit to Turkey on Jan. 18-19.

 

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Business & Investment Specialist Law Firm Istanbul 

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Qatar to make direct investment of $15B in Turkey

Qatar to make direct investment of $15B in Turkey | Turkish Business News | Scoop.it

Qatar will make $15 billion of direct investment in Turkey, Qatar's leader said on a visit to Ankara on Wednesday. Qatar has pledged $15 billion of direct investments in Turkey.

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International Business Law Firm Istanbul

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Effective economic management ahead for Turkey with Cabinet members expected from business world

Effective economic management ahead for Turkey with Cabinet members expected from business world | Turkish Business News | Scoop.it

Domestic and foreign markets have been closely following the news about the names of the Cabinet members, particularly the ministers who will be in charge of economy administration. 

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New UK settlement visa for Turkish businesspeople

New UK settlement visa for Turkish businesspeople | Turkish Business News | Scoop.it

Turkish businesspeople and their families in Britain under a popular visa program will be able to apply for a settled status after five years, the U.K. government announced Friday. A Home Office statement announced the end of a restriction on applications from July 6, which was introduced in March 2018 this year.

 

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Turkey introduces tax exemption for solar up to 10 kW 

Turkey introduces tax exemption for solar up to 10 kW  | Turkish Business News | Scoop.it

Although the promised new provisions for net metering are not in force yet, the Turkish government has prepared the ground for future development by granting residential projects under the upcoming scheme an exemption from the 5% income tax on excess power delivered to the grid.

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Renewable Energy Project Legal Support Turkey

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Turkey's industrial output rises 9.9 percent in February year-on-year

Turkey's industrial output rises 9.9 percent in February year-on-year | Turkish Business News | Scoop.it

Turkey's calendar-adjusted industrial production rose 9.9 percent in February compared to the same month last year, the Turkish Statistical Institute (TurkStat) announced Monday. Industrial output is considered a vital indicator for the economy, as it is seen as a preliminary gauge for GDP growth. Among three main sub-indices, the mining and quarrying index saw the highest annual increase in January, with 11.2 percent.

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Turkey attracts over $600M in foreign investment in Jan

Turkey attracts over $600M in foreign investment in Jan | Turkish Business News | Scoop.it

Turkey received $606 million in net international direct investment this January, the Economy Ministry announced Thursday.European countries were the main source of equity investment direct inflow to Turkey

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OECD estimates global GDP growth rose 3.7 pct in 2017

OECD estimates global GDP growth rose 3.7 pct in 2017 | Turkish Business News | Scoop.it

Turkey's growth rate is estimated to have risen by 6.9 percent in 2017 instead of 6.1 percent as previoulsy expected

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Chinese ZTT Group to invest $110M in Turkey in two years 

Chinese ZTT Group to invest $110M in Turkey in two years  | Turkish Business News | Scoop.it

Ryan Shi, the senior manager of ZTT Group's international business division, announced the company's decision to manufacture high and extra high voltage cables in Turkey. The ZTT's senior group executive said that it will invest $65 million in Turkey in the first stage with the purchase of three existing cable-producing factories in Bursa, Bilecik and Eskişehir, while totaling $110 million over two years.

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International legal support and advice for business investments in Turkey 

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Turkey offers highest tax incentive to angel investors

Turkey offers highest tax incentive to angel investors | Turkish Business News | Scoop.it

A meeting began in Istanbul yesterday of international suppliers of seed money for enterprises such as start-ups and entrepreneurs, with hundreds of the world's business leaders and industry experts in attendance. Speaking at the opening ceremony of the World Business Angels Investment Forum (WBAF), its chairman said Turkey provides the highest tax incentive in the world for angel investors partnering with entrepreneurs through capital support.

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Specialist legal support for start-ups and investment in Turkey.

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PH, Turkey sign investment promotion, agriculture cooperation agreements at the 1st JCETC

PH, Turkey sign investment promotion, agriculture cooperation agreements at the 1st JCETC | Turkish Business News | Scoop.it

Department of Trade and Industry (DTI) Secretary Ramon Lopez led a delegation to Turkey to convene the first Philippine (PH)-Turkey Joint Committee on Economic and Technical Cooperation (JCETC) as well as the signing of Summary of Discussions covering trade, investment promotions, and economic cooperation on 5-6 February 2018. The Philippines is committed to pursue several growth opportunities by strengthening partnerships with emerging economic partners like Turkey,” said Sec. Lopez

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International Business law Firm Istanbul.,Turkey  

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Turkish companies world's leading exporters of products

Turkish companies world's leading exporters of products | Turkish Business News | Scoop.it

Chairman of Turkish Exporters Assembly (TIM) Mehmet Büyükekşi has said. Büyükekşi also said that Turkey was ranked third in bus and minibus exports, fourth in dishwashers fifth in washing machines, seventh in television, eighth in the men's suits and refrigerators, ninth in leather, welt clothing, electric heaters and commercial cargo vehicles, and tenth in engine parts.

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International business law firm Istanbul 

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Turkey sees nearly $4.5 billion EU investment during January and November 2017

Turkey sees nearly $4.5 billion EU investment during January and November 2017 | Turkish Business News | Scoop.it

Turkey received nearly $4.5 billion equity investment from the European Union between January and November last year, marking a 64.3 percent rise year-on-year, the Economy Ministry said on Jan. 23.

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Specialist Legal Support & Advice for all EU Business Investments in Turkey 

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