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Newsletter June 2013

Summary:

  • Moody`s upgrades Turkey to ‘investment grade’
  • Turkey receives ‘investment grade’ rating from JCR
  • Turkey scores top grades in investor confidence – E&Y report
  • FDI inflow into Turkey may exceed projections
  • Turkish M&A activity jumps 40% in first quarter
  • Turkey to kick off two giant projects
  • Turkey’s auto exports up 9% in April
  • Turkish-made LCVs to roam US streets
  • Hyundai adding new model, doubling production in Turkey
  • Azeri oil giant signs USD 5 billion Turkey refinery deal
  • Turkish and Chinese companies ink USD 2.4 billion coal-based power plant
    deal
  • Turkish-German partnership commissions Turkey’s largest WPP
  • Turkey’s largest PV module manufacturing plant commissioned
  • Turkey expands incentives for coal production
  • Health tourists flock to Turkey
  • Russian pharma giant to invest in Turkey
  • New bridge linking Europe, Asia embodies Turkey’s rise
  • Continental: Turkey is vital when doing business with the Middle East
  • Italian Intesa Sanpaolo granted Turkish banking license
  • Korea Exchange Bank opens representative office in Turkey
  • Amadeus enters airline customer loyalty arena with acquisition of Hitit Loyalty
  • Countdown begins for Turkey’s high-tech Fatih Project 
  • Japanese Netprice makes foray into Turkish e-commerce sector 
  • Turkey woos Gulf nationals as property investors 
  • Istanbul among top 10 in global tourism – Mastercard survey 
  • Chinese Texhong investing USD 180 million in Turkey 
  • Turkey-South Korea FTA takes effect 
  • Canadian producer strikes gold in Turkey, investing USD 1.5 billion 
  • F-35 project to ‘earn Turkey USD 12 billion’ 
  • Turkey demonstrates growing defense capabilities at IDEF 2013 
  • BSH sets up regional base in Turkey, investing EUR 300 million 

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