Arab Banking Corp and BNP Paribas among bidders for HSBC Turkey

HSBC’s auction of its Turkish operations has attracted bids from Arab Banking Corp and BNP Paribas of France, among others, The Heraldreported. Sources cited in the brief report said Netherlands-based ING Groep has also tabled an offer for the UK-listed bank’s Turkish business, which includes retail, corporate and investment banking

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EIB loan to help Turkey’s SMEs

The European Investment Bank (EIB) has agreed to offer loans worth 200 million euros ($222 million) to Turkey’s state-owned bank, Ziraat Bank, to finance small and medium-sized enterprises (SMEs) as well as medium-sized corporates, the Turkish Treasury announced in a statement on June 3. The loan will be guaranteed by

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Greece to support Turkish Stream pipeline

Greece will sign a memorandum of understanding pledging support for the Turkish Stream pipeline, the Greek energy minister said Monday according to Russian media. RT reported Greece will invest $2 billion in the gas pipeline, which will carry Russian gas to Europa via the Greek-Turkish border instead of through Ukraine.

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NETUBA and RS VisionExpo/Koelnmesse join forces at AnuFood-Eurasia

After 3 days of the 1st edition of AnuFood Eurasia, powered by Anuga, succesfully closed its doors with great results. The 212 participants from 29 countries displayed their products to more than 6,000 visitors from Turkey and 70 other countries . The first international edition was the reason to join

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ANUFOOD Eurasia great succes

From 14-16 May 2015 on “ANUFOOD Eurasia – powered by Anuga” was held a new international leading industry hotspot for the Eurasian food industry. As the first satellite of the world famous Anuga in Cologne, ANUFOOD Eurasia represented a new platform for producers and manufacturers to present their products and

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Turkey will be MENA’s wind centre: CEO of GE Turkey

CEO of General Electric (GE) Turkey Canan Ozsoy stated that GE assumes Turkey as the 5th most important country to invest in. She underlined that innovation is supported in Turkey, but the areas of innovation are dispersed. Turkey could make a big leap forward if a strategic focus is defined

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4-5% growth expected in construction sector

According to the President of the Association of Turkish Building Material Producers, Fethi Hinginar, the Turkish construction sector has grown2.2% and the domestic building materials market 4.8% in 2014. He added that for 2015 they foresee 3.5% growth in the Turkish economy, 4.5% in the construction sector, and 4.5-5.0% in

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Turkish automotive sector booms in Q1 2015

Total production of the automotive sector in Turkey in the first quarter of the year amounted to 335,000 units, an increase of 31% compared to the same period of previous year, according to the data released by the Automotive Manufacturers’ Association (OSD). Exports have increased by 23% in terms of

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First domestic airplane project starts with $1.5B investment

Turkey’s first domestic airplane will be a renewed version of Dornier 328-type of airplane called TRJ-328, will be produced by the national defense industry with a 32-seat capacity and will be ready by 2019. Having produced domestic tanks, infantry rifles, unmanned aerial vehicles (UAV) and attack helicopters, Turkey will produce

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