NEWS
Tesco Invests in Turkey
Tesco plans to invest about $750 million (£380 million) on tripling the size of its business in Turkey to more than 150 stores over the next five years.
Turkey issues new-build restrictions
Tourism and environmental protection increased under new guidelines
Alanya property market takes off
announcement of new airport has 'instant' affect on property prices.
Turkish Government launches new Guide to buying property
The Kusadasi Chamber of Commerce has released a book entitled 'The Foreigners' Guide to Turkey' responding to the rising number of foreign citizans re locating to the country.
Turkey unveils brand new airline
A new Turkish airline has taken to the skies that will initially operate regional flights, but plans to serve international destinations in the near future.
Turkish oil estimate lifts value by 20pc
18jul06
INVESTORS clamoured for shares in oil junior Incremental Petroleum yesterday after it announced its southeast Turkey oil field had proved and probable reserves of 12.04 million barrels (mmbl).
It is the first time Incremental has released a reserve evaluation for the Selmo oil field, acquired soon after the company was floated in late 2005.
It said the field had proved reserves of 6.62 mmbl, proved and probable reserves of 12.04 mmbl, and proved, probable and possible reserves of 19.14 mmbl.
The news sparked heavy buying with Incremental closing up 30c or 19.5 per cent at $1.84 amid turnover of 2.5 million shares.
The company, whose market value is now $113 million, yesterday also reported revenue from oil sales for the third quarter of $10 million. Oil production for the quarter was 132,511 barrels, compared to 135,465 barrels in the previous quarter.
A Moveable Feast: Eating our way through Italy and Turkey
Turkish food gives the Italians a run for their money!
WHEN WE decided to take a trip to Italy and Turkey, we knew food would be an important part of the journey. We didn't expect it to be the most important part. Sure, the Coliseum and the Forum in Rome were cool; the Grand Canal in Venice was nifty; all the art in Florence is important and the Blue Mosque and Topkapi in Istanbul were amazing.
But honestly, the real reason we walked all over Italy and Turkey was just to build up an appetite. The food ... ah, the food. It was glorious.
Turkish parliament may reconvene to pass EU reforms
The parliament went into recess earlier this month and is not due to resume sitting until October 1.
Unspoilt Turkey
Only a few miles from resorts heaving with huge hotels and apartment blocks, there are sleepy coves, tranquil forests and untouched hamlets. Here Annabelle Thorpe picks the low-key highlights
Sunday June 4, 2006
The Observer
Texas Pacific buys Turkish raki maker Mey
ISTANBUL (Reuters) - Turkish drinks company Mey Icki, the maker of raki, the country's most famous tipple, said on Thursday U.S. private equity firm Texas Pacific Group had bought 90 percent of the firm.
American Whirlpool Marriage with Turkish Vestel
The American white goods giant Whirlpool and Turkish Vestel have signed a partnership deal for production, delivery, and export.
Dexia buys into fast-growing Turkish market
Dexia on Wednesday became the latest European bank to expand into Turkey when it bought 75 per cent of Turkish lender Denizbank for $2.44bn.
Russia interested in Investing in turkey
ANKARA, May 31 (Itar-Tass) -- Russia is interested in investments in the Turkish economy, including the energy sector, Russian Foreign Minister Sergei Lavrov said on Wednesday after talks with his Turkish counterpart Abullah Gul.
Turkish cops nab 8 in robbery of Croesus' treasure
Police have detained nine people, including the director of a state museum, from which at least two pieces from the treasure of King Croesus had been stolen and replaced with fakes, authorities said Monday.
EU to Open Accession Talks with Turkey on June 12
The European Union is poised to open actual accession talks with Turkey on June 12, a Turkish Internet website reports on Monday.
Vodafone completes $4.55bn Turkish deal
Vodafone completes $4.55bn Turkish deal
ShareCast - London,UK
... it signed a concession contract with Turkeys telecoms board, according to press reports. The mobile phone colossus won its bid for the Turkish firm last ...
See all stories on this topic
Turkey's underwater archaeological wealth to be unveiled in Bodrum
ANKARA - Turkish Daily News
The Bodrum Underwater Research Institute's Conservation Center launched an initiative on Monday to display the region's underwater archaeological wealth, which has so far been stored in warehouses.
Museums Week to offer free-of-charge visits to museums
Museums Week, marking its 25th year, kicked off yesterday with an opening ceremony at the Estergon Ethnography Museum in Keçiören, with the attendance of Culture and Tourism Minister Atilla Koç.
May 18-24 of every year is celebrated as Museums Week in Turkey, during which some museums can be visited free of charge on certain days during this week.
Turkey showing summer promise
After a slow start, bookings for Turkish flights and hotels from the UK have picked up for the 2006 summer season, according to the latest figures.
Major Investment strategy in Turkey
The Turkish government is driving a major investment strategyto further develop its tourist industry. In 2000, around 10 million touristsvisited and by 2020 this figure is forecast to reach 40 million.
New TV channel to promote Turkey
Channel T&R, to go on air April 5, aims to promote Turkey's cultural, historical and archeological values, natural beauty, potential for tourism and real estate, primarily in English but also in other languages, 24 hours a day. T&R will be the first and only channel that will broadcast on that theme.
Hit the deck at Turkey's answer to St Tropez. The Observer on Sunday.
When Istanbul's young elite want to let their hair down they head to the exclusive resort of Göltürkbükü. Beverley Fearis joins them and discovers that you don't necessarily need a beach to have a beach party
Turkish Wine Industry on the Up and Up
Turks still drink only about a litre of wine a year per capita, industry sources say, compared with 66 litres in France.
Turkey is the fifth biggest producer of grapes in the world, but only two percent are used in wine production.
"Wine is still considered a luxury item in Turkey. As people get richer, they are starting to experiment, to try better quality wines, but it is a slow process," said Basman.
Turkey readies for summer tourist season
Turkey broke records in tourism last year. With the number of foreign tourists visiting Turkey jumping 20.4 percent year-on-year to 22 million, the country saw revenues of about $17.7 billion. The increase surpassed the targets set by the tourism and culture ministry, which had predicted 20 million tourists.
Turkey: S&P's Positive on Mortgage Market Growth
Standard & Poor's published a report exploring the prospects for development of the Turkish mortgage market and subsequent mortgage-backed securitization in light of a draft mortgage law already presented to the parliament last year. The report examines the current state of the economy in Turkey and the Turkish housing market, and how the new law may effect growth. It also provides an overview of certain sovereign risks inherent in securitization, the prerequisites necessary for creating an efficient mortgage market, and summarizes some seminal provisions of the draft law.
Renewed search of Noahs ark
DALLAS - Recently released satellite images of an unknown formation or object on Mt. Ararat in Turkey have added fuel to archeologists ongoing quest to find Noahs ark.
EasyJet are landing in Istanbul!
If you are thinking of buying in Turkey and haven't yet... now is the time to stop thinking and ACT! EasyJet are landing in Istanbul... Accessibility is one of the things that will send property prices higher...
From the easyJet website... March 2nd 1006
HSBC plans to invest more in Turkey
At a press conference held at the Ciragan Palace on Friday, Chief Executive Officer of the HSBC Holding Sir John Bond said that the bank intends to increase its investments in Turkey, which will also create jobs in the country. HSBC plans within the next five years to increase the number of Turkish branches from 159 to 350. HSBC sees Turkey as a good opportunity for investment as it has been successful at overcoming economic crises, said Bond.
Bodrum's new Golf Course well on the way
We are pleased to announce that two nine hole and one eighteen hole golf courses are planned for the Bodrum peninsula. In fact one is already under construction and the other is soon to begin. These will be U.S. designed state of the art courses set in the undulating lanscape around the Tuzla Lake, well known for its indiginous flocks of pink-footed flamingoes! A commercial complex to compliment the area will consist of shops hotels and restaurants, which will enhance the already growing amenities of the peninsula.
Erdogan: We Expect Flow Of About 5 Billion U.S.D. Of Global Capital To Turkey In Years 2006-2007
DAVOS - Turkish Prime Minister Recep Tayyip Erdogan has indicated today that Turkey expects five billion USD of annual global investment inflow between 2006-2007.
New Flight Launches
new flights launched in Bulgaria, USA, Hungary, Germany and France
