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The foreign entrepreneurs who intend to invest in the tourism sector in Turkey may choose the largest city, Istanbul, that offers important opportunities as it is estimated to rank on the fifth position in the top of the most visited towns in the world in 2015.
Borsa Istanbul to develop, helped by EBRD
2015-06-08Borsa Istanbul, the only stock exchange in Turkey, has an important opportunity to develop after the representatives of the European Bank for Reconstruction and Development (EBRD) declared they started the negotiations for purchasing 10% stake in this entity.
The Turkish authorities laid the foundations of the local Silicon Valley, a place where over 5,000 companies in the research and development field are expected to activate in the next years. The ceremony took place in the northwestern province of Kocaeli, at Gebze, where an “Informatics Valley” similar to Silicon Valley in the United States of America will be built.
The Customs Union between the European Union and Turkey will be changed in order to solve the problems that have lasted for many years, some of the most important of these being visas and transportation issues.
The investors in Turkey and their counterparts in Brazil have the opportunity to boost their economic ties as the Brazilian authorities want to improve the businesses between the two countries.
The Turkish authorities are optimistic and want to encourage the economic growth of their country through measures that will help economy boost. The Prime Minister Ahmet Davutoğlu announced recently a plan for increasing employment and businesses in Turkey in the next period.
The Turkish businessmen will strengthen their relations with their counterparts in Tanzania and Belarus, after their representatives discussed and signed recently an important document for the benefit of the collaboration between Turkey and the African country.
The economic crises and other political reasons have been slowing down the process of Turkey’s accession to the European Union, which is an important goal for the local businessmen who are trying to “energize” the process. Lately the adherence to EU has been in “deep freeze”, as Cansen Başaran Symes, head of Turkish Industry and Business Association (TÜSİAD) declared for Hürriyet.
The gas from Azerbaijan will reach the Western European countries through a pipeline that will cross Turkey and this project is meant to reduce the dependence of the European countries on the Russian gas.
India and Turkey will have better commercial links that are to be promoted by a new trade association that was recently launched. The businessmen in both countries will benefit from better trade links and the association will help them get in touch more easily for import-export activities and discover new opportunities for doing business.
A mega project of the Turkish authorities: An underwater tunnel will connect Asia and Europe
2015-03-06A three storey tunnel will be build under the waters of the Bosphorus in order to connect the Asian and the European parts of Istanbul, declared the Turkish authorities who are in charge with this mega project.
The Southern and Eastern parts of Turkey will develop in a faster way in order to decrease the important differences between these regions and the more developed Western parts of this country.
The local and foreign investments in Turkey were growing in 2014 comparatively to 2013, despite the financial crises that was still felt in some regions of the country and the slow economic growth. In September 2013, the investors opened nearly 45,000 companies in Turkey and, in the same period of 2014, the number increased by 33%, as it is presented in the Coface Panorama Turkey report, released in January 2015.
One of the main gas pipelines in Europe, connecting Russia and the European South-Eastern countries, will be built under the Black Sea, on the Turkish territory. The initial route, through Bulgaria, was modified and now Turkey is the country chosen by the Russian authorities for this major project.
Two bridges across Bosphorus in Istanbul and more motorways, including Edirne-Istanbul-Ankara, are to be privatized by the Turkish authorities during this year and the procedures are estimated to start in the first quarter of 2015. The Turkish officials are not at the first attempt to privatize the two bridges and motorways as the first tender, that was made at the beginning of 2012, was cancelled one year later, after it was won by a consortium of companies - Turkey’s Koç Holding, Malaysia’s UEM Group Berhad and Gözde Private Equity.
The producers of olive oil from Turkey have decided to collaborate with international networks in their field of activity in order to promote their business abroad. The Turkish Olive Producing Towns Union will join the Mediterranean Olive Oil Cities Network, an organization that was set up in 2011.
Opportunities for food exports to Russia
2014-11-28Foreign entrepreneurs who are interested in doing business in Turkey have a new opportunity to perform operations in the export field, as Turkey’s exports to Russia have increased by 447% in the first nine months of this year compared to the same period of 2013.
The Istanbul Salipazari Port Area project, mainly known as the Galataport, is expected to bring an important increase of the number of cruise liners and an important profit for the new cruise port of Istanbul that will be modernized. This project means building and developing hotels, restaurants, bars, souvenir shops, shopping centers, office and fair spaces, parking areas etc. The main goal of this project is to increase the profitability of this port and to offer a nice experience to the visitors and tourists.