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Turkish Business News
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Globtec Investment Group and a consortium of partner investors have embarked on a broad mandate to invest in suitable Turkish companies, with a focus on the Mechanical Engineering, Mining, and Tourism sectors.
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Turkish Ministry of Culture and Tourism announced the launch of an “Advertising Tender” for the year 2019 – advertising activities abroad. The tender will be lodged on 8 January 2019, Tuesday, at 10 a.m. (local time) in Berlin, Germany.
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The Turkish economy attracted $201.3 billion in foreign direct investment (FDI) and $152.1 billion capital inflow for the period from 2002 to August 2018. When broken into regions, 73.8 percent of the capital inflow came from European countries, according to Industry and Technology Ministry. The Turkish economy received $112.3 billion from European countries in that period followed by Asian counties that accounted for 17 percent of total capital inflow, while the U.S. accounted for 8.4 percent of accumulated foreign capital entering Turkey.
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Prometeon, one of the top industrial tire manufacturers in the world, has announced its plan to invest $115 million in its plant in Turkey until 2020.
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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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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, 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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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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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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Legal support for all Chinese companies and investors in Turkey 2018 Turkish Corporate Tax Guide in Chinese
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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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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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The European Bank for Reconstruction and Development (EBRD) plans to invest around 1 billion euros ($1.1 billion) in Turkey this year focusing on agriculture and exporting sectors.
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Even though the final decision is yet to be announced, Turkey has the best chance to be the address of Volkswagens new factory investment.
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Businesspeople from around the world have arrived in Istanbul to attend the 17th Independent Industrialists and Businessmens Association (MÜSİAD) EXPO, seeking new investment opportunities in innovative projects.
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Japan’s ambassador in Ankara said he encourages Japanese businesspeople to invest in Turkey. Akio Miyajima said one of the important issues between Turkey and Japan is how to maximize potential trade. I keep encouraging them to come over here and to talk with Turkish businesspeople, Japanese businesspeople want "some stability", and that he is encouraging them saying assets are currently much cheaper in Turkey, and "a good profit can be made" given Turkey's potential for long-term development.
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Turkey ranked 43rd in the World Bank’s Ease of Doing Business list for 2019, climbing 17 places compared to the previous year.According to the report published Wednesday.
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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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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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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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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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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 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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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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