Month: January 2008

Turkey to attract more Foreign Investment

Mehmet Simsek the economy minister has said that the government is determined to make Turkey an attractive centre for investments. He also attaches great importance to the improvements of investmentn conditions for the private sector. Simsek said that investment in Turkey has a $270 billion foreign trade volume and an approximately $111 billion total in… Read more »

Turkey’s EU membership a global peace project

According to Ali Babacan, the Turkish Foreign Minister and Chief European Union negotiator, Turkey’s full membership to the EU would be one of the greatest global peace projects of the 21st century. Attending a forum on the "Educational Right and Perspectives to Future" organized by Turkish Education Association (TED) in Ankara, Babacan said that improved… Read more »

Ras Al Khaimah Investment Authority walk the walk

Impressive growth in Ras Al Khaimah has been attracting the attention of local and international investors. The emirate saw an 18 per cent jump in its GDP in 2007 and is starting to make waves. Sometimes seen as Dubai's little sister, the Emirate has seen a lot of attention from the press recently, but it… Read more »

Bulgaria Attends Biggest Tourism Expo in UK

Over 30 tour operators will offer Bulgaria as key destination in their catalogues at the International Tourism Market Destinations Expo held in London this week. In 2006 nearly half a million British tourists visited Bulgaria (+12.2% raise compared to 2005) and the UK is goal market for Bulgaria with significant potential and customer demanding of… Read more »

Revenue from Tourism Increases in last Quarter of 2007

Income and expenditure for tourism in Turkey increased in the fourth quarter of 2007 from the previous year, the Turkish Statistics Institute (TUIK) based in Ankara announced yesterday on its website. A 23.9 per cent rise from $3.12 billion to $3.86 billion was recorded from a survey which is conducted on foreign visitors and citizens… Read more »

Auto manufacturers poised to increase investments

The automotive sector is continuing to invest in Turkey, with the country continuing to attract significant investment and the automotive industry holding the number one place for Turkey ’s exports at $20 billion last year. The recent success of the automotive industry has seen the automotive giants deciding to increase their investment in Turkey ’s… Read more »

Turkey Leading Tourism Figures in Europe

Provisional 2007 figures released by the World Tourism Organisation (WTO) today, has shown that Turkey is leading the way in Europe for tourism growth. The DPA reports that the country’s tourism sector registered growth of 18 per cent, leaving other European nations such as Greece and Portugal in its wake. Turkey has even eclipsed the… Read more »

Dutch ‘Partners for Roads’ programme supports Sofia

Dutch ambassador Willem van Ee and Sofia mayor Boiko Borissov have signed an agreement for joint studies on the creation of a traffic control system in the Bulgarian capital. Dutch transport ministry’s Partners for Roads programme with the support of Sofia municipality would fund the study. After a study and analysis of the traffic situation… Read more »