It was announced by Deputy Prime Minister Ali Babacan that Moody’s had upgraded Turkey’s credit rating to investment grade, yesterday. First comments came from Ali Babacan and Economy Minister Zafer Çağlayan who expressed this move was long due. Turkey raised hopes again to attract more foreign funds when Moody's raised Turkey's long-term credit rating by one notch to "Baa3," the bottom of investment grade ...

Dear Reader, Turkey is booming. Its economy is growing fast and there are opportunities in nearly every sector. Yet, many foreign entrepreneurs are hesitant in taking the step of extending their business to Turkey. Unfamiliarity with Turkey’s language, its business culture and legislation keep many entrepreneurs from setting up a profitable business in Turkey or from entering into a fruitful collaboration w ...

The fierce competition among the economies of the world  is getting tougher every day. In fact so tough that it has swept some important countries into a state of despair and made them dependent on the financial aid to come from EU. The whole of Europe prayed God for other countries not to follow as its could be an end of a legend, namelt European Union. Turkey which has not been shown the green light to en ...

Istanbul, a giant city with historical and cultural resources and enormous business opportunities is challenging world giants such as Moscow, Paris, London, Tokyo, New York and many more. Istanbul was described as the most promising place for real estate investments in 2012. The number of modern shopping centers increased from 44 to 284 between 2000 and 2011.Turkey, as a regional hub providing easy access t ...

Turkey and Germany have long been partners in many walks of life to include a strong relation in politics throughout history and economy, certainly. Ms Angela MERKEL, German Chancellor has paid a visit to Turkey and attended a forum in Istanbul on which occasion she has had the opportunity of meeting Turkish businessmen to help contribute to the business relations between two economies, the leading business ...

Out of the total 30,507 firms operating in Turkey with international capital over half are based in Istanbul. There is at least one foreign-partnered firm for every 243 employees in the mega metropolis. According to calculations based on data from the Ministry of Economy on direct international investments, as of July, 2012, there were 30,507 firms with international capital in Turkey. Istanbul is at the to ...

Japanese companies discover Turkish “safe haven” amidst crisis Turkey’s consistently growing economy and robust economic fundamentals proved to be a safe haven for Japanese companies seeking ways of growth overseas amid a stagnant market at home and continuing debt woes in Eurozone countries. Within the last 5 years, Turkey saw a stellar increase in Japanese investments, up from a meager USD 2 million in 20 ...

Gold at months high, Istanbul bourse gains Gold was steady yesterday at a three-and-a-half month high, which was hit during the previous session, as investors remained hopeful the European Central Bank (ECB) would soon take action to contain the region’s debt crisis, according to Reuters. Recent media reports said the ECB has been mapping out details to cap Spanish and Italian borrowing costs, easing invest ...

Growing Turkish market attracts British investors Firms from Britain invest a total of $1.9 billion in the first half of the year, recording the highest amount of investments among foreign countries, official data show In the first six months of 2012, foreign direct investment (FDI) in Turkey rose 21 percent to $8.2 billion. Britain was the FDI leader with $1.9 billion. Britain’s acting consul general in Is ...

Turkey’s ambitious incentives are relatively low for solar plant investments compared with Germany, Spain, a report says.The Energy Market Regulatory Authority’s (EPDK) decision to begin accepting license applications for solar power plants as of June 2013 will boost solar energy investments in Turkey, according to a report from Deloitte Turkey. The country still lags behind major European economies in its ...

Turkey’s railway privatization plans stir foreign interest The plans regarding the opening of Turkey’s railroads to private sector use before the end of the year, brings forth investment opportunities for global companies operating in railroad industry. Private sector entry to the country’s currently state-controlled railroad transportation is expected to attract logistics companies as well as locomotive an ...

More German companies are flocking to Turkey to take advantage of the country’s fast-growing market, German executives say. Out of around 30,000 foreign companies in Turkey, nearly 5,000 are German RWE executives and Energy Minister Taner Yıldız (C) are seen at the inauguration ceremony of the company’s power plant investment in the southwestern province of Denizli. German companies have accelerated their i ...

Tracking emerging markets and developing opportunities for growth has started to become a necessity instead of being a preference. One of the major steps to be able to make the right decision for a successful investment is to determine whether the concerned market is a growing one. It is also of great importance to be aware of the opportunities that technology offers and to follow the increase in purchasing ...

Singapore based Temasek Holding investment fund is currently scoping the Turkish market for investment opportunities. The world’s ninth largest investment fund Singapore based Temasek Holding is examining Turkey’s different sectors for investment opportunities, according to daily Sabah. “We are looking for opportunities, we are going to come,” said Nagi Hamiye, who is in charge of Global Industrial Investme ...

My name is SEMIHA UNAL .. I am a business consultant and founding director of consultancy company called S4U (Solutions For You) based in Istanbul, Turkey. You can have detailed information about my career and past achievement on MY WEB PAGE I have been following this website (BTT) for a while and the editor of the site and I have agreed to combine our capabilities to provide foreign entrepreneurs intereste ...

Japan’s biggest bank to invest in Turkey Japan’s BTMU has joined the ranks of Bank Audi, Intesa and Pasargad in applying for a banking license from the Banking Regulation and Supervision Agency. Just a few months ago, Lebanese Bank Audi received a banking license. Soon after Italy's Intesa and Iran's Pasargad followed suit and applied for banking licenses. Japan's largest bank, at 1.8 trillion dollars, Bank ...

Turkey country which haas shown some remarkable economic performance recently has drawn much attention from global observers. In fact this has been verified by int'l reputable establishments such as Moody's by furnishing Turkey with higher creditentials. Most recently another world reputable establishment, namely Financial Times has also given Turkey another reason to boast for its excellent achievement by ...

The Turkey-Gabon Investment and Trade Forum was held yesterday by the Turkish Confederation of Businessmen and Industrialists (TUSKON) in Istanbul. Speaking to Turkey's most prominent businessmen and company representatives at the forum, Gabon's President Ali Bongo Ondimba said, "While diversifying our partners, we see Turkey, which has experienced speedy and strong growth, has the ability to assist us with ...

Caterpillar executives in Turkey for investment talks Turkey’s new investment incentive scheme garnered attention from world’s leading companies in a variety of sectors including energy, construction, heavy machinery and petrochemicals that seek to establish a solid footing in one of the fastest growing emerging countries. Executives from US-based heavy equipment manufacturer Caterpillar and its local partn ...

Bosch to employ 1,700 more in Turkey, focus on R&D German industrial conglomerate Bosch’s Turkish division enjoyed a 17 percent growth in turnover and 20 percent growth in exports in 2011, as revealed at the company’s annual meeting yesterday. The company will add 1,700 people to its 10,000-strong workforce in Turkey during 2012-2013 period, along with EUR 300 million worth of investment in the country. ...

US pharma company Baxter mulling new investments in Turkey Turkey is increasing its appeal as a center for the development and production of drugs in the eyes of global pharmaceutical companies, Turkey’s Minister of Science, Industry and Technology, Nihat Ergun has said. Ergun, currently in Boston, USA, to attend the 2012 Bio International Convention, told reporters that US healthcare company Baxter is cons ...

Turkey and Azerbaijan have had very strong and friendly relations throughout their histories. These close ties have also played a very important role in business and political relations between two countries. Turkey is a very powerful ally in the Middle East (and eastern Europe) and Azerbaijan owns huge oil sources. It has been quite usual to see powerful joint projects between two countries recently and  i ...

As the recent acquisition of Denizbank by Russian lender Sberbank shows, Turkey’s crisis-proof banking sector, backed by strong economic prospects, stands out far ahead of its Eurozone peers in terms of growth and profitability. Turkey’s financial services sector is to draw more foreign investments in the coming months, according to the Investment Support and Promotion Agency of Turkey (ISPAT) President, Il ...