US Technology Retailer Best Buy to End Operations in Turkey PDF Print E-mail
2011-02-24 20:42:13
American technology retailer Best Buy, which entered the Turkish market 14 months ago by opening a store in the western province of İzmir, has decided to end operations in Turkey. Announcing Best Buy’s new business strategies on Tuesday, company CEO Brian Dunn said: “It is expected that Best Buy, which entered the Turkish market to improve the returns of its stakeholders, will exit the market and Best Buy stores will [also] be closed in China.”A departure from the Turkish market will mean that Best Buy will end all its current operations and close its two stores in the country.
Turkish PM Backs Egypt Protesters PDF Print E-mail
2011-02-01 15:25:44
ImageTurkey has finally broken its silence over the Egyptian crisis after major newspapers criticised the government for its inexplicable silence on the issue.

Addressing members of his AKP party in parliament, Recep Tayyip Erdogan, the Turkish Prime Minister, has thrown his weight completely behind the protesters in Egypt.

Erdogan appealed to Hosni Mubarak, the Egyptian president: "You have to listen to the wishes of the people in order to create security and stability. First you must take steps that are good for Egypt. You must take steps that satisfy the people."
Last Updated ( 2011-02-01 15:26:37 )
Turkey's TOKI Could Build 100,000 New Houses in Venezuela PDF Print E-mail
2011-01-23 22:14:59
ImageThe head of Turkey's Housing Development Administration (TOKI) said on Saturday that his organization could build nearly 100,000 new houses in Venezuela. Commenting on Venezuela's calling on Turkey to extend support for housing projects after a recent flood disaster that left nearly 140,000 Venezuelans homeless, TOKI President Erdogan Bayraktar said his organization could take 10 to 100 contractors to Venezuela as a first step.
Last Updated ( 2011-01-23 22:15:57 )
Turkey's 2011 Investment Programme/Public Investment to Rise 17% PDF Print E-mail
2011-01-18 13:38:37
ImageA growth of 17.2 percent is envisaged in public investments in 2011, an election year. Out of the TL47.9bn worth of public investments planned for 2011, TL16.7bn is to be carried out by local administrations.
Turkey's Central government departments, revolving capital entities, state-owned enterprises, the Iller Bank (Provinces Bank) and companies under privatization, are set to invest almost TL31.3bn, combined. According to the 2011 Investment Programme just published in the Official Gazzete, public entities other than local administrations, had an investment stock made up of 2,534 projects, worth TL303.7bn, combined.
Last Updated ( 2011-01-18 13:45:50 )
Turkey's Eastern Province Gets Own Air Carrier PDF Print E-mail
2011-01-07 12:59:43
ImageWhile many tourism authorities agree that the financial crisis, still prevailing especially in Europe, continues to badly affect Turkish tourism, an 11 percent increase in the number of tourists visiting the southern city of Antalya in 2010 is a positive sign for sector representatives.
Last Updated ( 2011-01-07 13:03:35 )
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