Mittal Acquires 51 per cent of Rozak
ArcelorMittal, the largest producer of steel in the world has announced that its acquisition of 51 per cent of Rozak, the Turkish construction steel producer. The company aims to double sales and expand to countries near the Mediterranean and Caspian Sea.
The deal follows the announcement of ArcelorMittal in October that it will build a [...]
Italian Companies to Invest in Turkey’s Energy Sector
Italian energy companies are planning to invest in Turkey , according to the head of the Italian Trade Centre in Istanbul. Nine prominent Italina energy companies will invest in Turkey following talks between Prime Minster Recep Tayyip Erdoğan and his Italian Romano Prodi, said Dr Roberto Luongo, director of the Italian Trade Centre [...]
Turkey-Greece Investment Boost
Bilateral trade between Turkey and Greece has exceeded 2.2 billion euros and are expected to reach 5 billion euros, the Greek ambassador to Turkey said yesterday at a press conference in Istanbul. The press conference was to highlight the release of a documentary on the Turkish-Greek economic relations, which will screen tonight [...]
Turkey stock markets boosted by global gains
The rising global stocks and easing US credit market concerns and positive expectations for 2008 has meant that stock markets in Turkey closed stronger on Wednesday. The Lira firmed nearly 2.5 per cent to close at 1.1995 versus the previous day’s 1.22900 on the interbank market. The currency is now 17 per [...]
Turkey’s British Tourism Market Boost
The European Union has released figures showing that 1,840,307 visitors from the UK holidayed in Turkey in 2007, a 14.58 per cent increase from 2006.
Sermin Ozduran, Director of the Turkish Culture and Tourism Office in the UK, told BreakingTravelnews.com: “These figures demonstrate that Turkey is a year-round destination offering something for everyone, from [...]