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Turkish e-Commerce Founder to Support New Entrepreneurs |
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2011-06-22 14:31:55 |
 Aksoy Group, the founder of sahibinden.com, Turkey's most visited e-commerce platform with over 2 billion monthly page views, is aiming to support promising internet projects through its newly established "Aksoy Internet Ventures".
Aksoy Group Vice-Chairman Taner Aksoy said "We founded sahibinden.com in 2000, and the Turkish information technology sector has developed and undergone a major change since then. It's a great pleasure for us to witness the whole process, especially after having secured a place among the most experienced companies. Nowadays, without a doubt, raising funds for the right project will not be so difficult in such a promising sector. Our differentiation will be to share our vision and experience on top of our financial support. Shortly, Aksoy Internet Ventures brings 'smart money' "
Aksoy said the company was willing to invest in a portfolio of companies diversifying risk. "We are primarily considering investing in Turkey. We may get involved in projects that directly target foreign markets, as well as those that are extending from Turkey to abroad." Investors who share a common vision with Aksoy Internet Ventures will also have the opportunity to co-invest in these new projects, the group said. |
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Last Updated ( 2011-07-01 20:09:23 )
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Turkish Films at Home in Germany |
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2011-06-19 21:04:23 |
 'Almanya - Willkommen in Deutschland,' a comedy centered on a Turkish guest worker in Germany, grossed more than $11 million at the German B.O.
While Turkey is experiencing a skyrocketing ascent as a powerful emerging economy, Germany is looking back at the beginning of Turkish immigration, which helped fuel West Germany's own economic boom.
This year Germany's Turkish community is celebrating its 50th anniversary: In 1961 Germany and Turkey signed an agreement allowing guest workers to immigrate here. It's the subject at the heart of Yasemin Samdereli's "Almanya -- Willkommen in Deutschland," the second-most-successful German film of the year.
The pic, which has earned more than $11 million at the domestic box office, follows an aging patriarch who became Germany's 1,000,001st guest worker in 1964 and who returns to Turkey with his family nearly 50 years later.
The pic won a Silver Lola award for top film this year as well as the screenplay prize for Nesrin Samdereli, the director's sister, at the German Film Awards. |
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Last Updated ( 2011-06-19 21:04:57 )
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Sir Brian Souter in Buy-out of Turkish Ferry Operator |
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2011-06-16 17:38:19 |
 The sale by the Turkish city's government includes 52 vessels that transport more than 50 million people each year, across the Bosphorus and around the Sea of Marmaris. The chief executive of Stagecoach transport group used his investment company to lead the buyout. His investor group has a 30% stake in Istanbul Deniz Otobuslen (IDO) ferries.
Souter Investments is partnered by Ann Gloag, Sir Brian's sister and co-founder of Perth-based Stagecoach, Edinburgh financier Sir Angus Grossart and three Turkish-based companies, including the operator of the country's largest airport.
The sale, denominated in US dollars at $861m, includes 25 sea buses, 19 fast ferries and 17 conventional ferries.
There are nine inter-city and five inner-city lines serving 35 piers, with sales last year of £142m.
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Lebanese Bank Interested in Turkish Lender |
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2011-06-02 20:11:55 |
 Lebanese lender Bank Audi is interested in acquiring Tekstilbank of Turkey, daily Sabah reported Thursday but did not say where it obtained the information. The newspaper also reported that Tevfik Bilgin, head of the Banking Regulation and Supervision Agency, previously said some banks that “believe in Turkey's potential” may take their place in the market.
Bank Audi, owned by the Audi Saradar Group, is active in 11 countries. As of the first quarter of the year, its assets totaled $28.9 billion, while its consolidated net profit was $90.4 million.
In comparison, Tekstilbank has 44 branches and 75.5% of it is owned by GSD Holding, which is run by businessman Turgut Yılmaz. The rest of the bank is being publicly traded. Its asset size totals 2.7 billion Turkish Liras. Its net profits for the first quarter were at 5.6 million liras. Turgut Yılmaz is the brother of Mesut Yılmaz, a former prime minister. |
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Last Updated ( 2011-06-02 20:16:35 )
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Turkey Property Now Third Most Popular With Russian Buyers |
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2011-05-24 20:13:31 |
Turkey is now the second most popular choice among Russian buyers according to a survey conducted at a major Moscow property show. Leading Russian overseas property magazine International Residence conducted the survey of 499 Russian buyers at the Moscow International Investment Show in March. They found that Turkey was the third most popular country among Russians looking at overseas property, beaten by Bulgaria in first and Spain in second.
Other findings of the survey were that 49% planned to buy in the next 12 months, 66% were looking for apartments, and 53% were buying for lifestyle reasons compared to 12% looking to make an investment. The survey also found that 40% of buyers were looking to spend between 100,000 Euros and 250,000 Euros, a higher percentage than has been seen at previous shows. |
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