Posted by meb at March 31st, 2007
Indian Oil Corporation Ltd. (IOC) announced earlier in the week major plans for its entry into the refinery and petrochemicals business in Turkey, reported India Infoline News Service
The company is looking to set up a 15 million tons per year greenfield refinery in Ceyhan with an estimated investment of $6 billion, (more…)
Posted by meb at March 31st, 2007
Templeton Fund founder Mobius said that they are interested in five companies in Turkey, including Akbank, Turkcell, Arçelik, as well as Turkish Airlines.
Mark Mobius, the founder of the Templeton Fund, stated that 10 percent of their portfolio is in Turkey and they are aiming to detect the undervalued stocks monitoring the companies with a long-term perspective. In an interview with CNBC-e, Mobius said that they are interested in five companies in Turkey, (more…)
Posted by meb at March 31st, 2007
Federal Pakistani Minister for Tourism, Nilofer Bakhtiar on Wednesday said a target has been set for exchange of 100,000 tourists between Turkey and Pakistan during the next year.
She was addressing a program arranged by Turkish Airlines to mark the arrival of 100 tour operators from Turkey to Pakistan in Karachi at a hotel.
The Federal Minister pointed out that great potential exists for tourism in Pakistan and Turkey and efforts are being made to promote tourism between the two countries.
Welcoming the 100 tour operators coming from Turkey (more…)
Posted by meb at March 31st, 2007
Turkish State Railways received four different offers for the privatization of the İzmir harbor.The offers were made by the Alsancak joint initiative group, Babcock and Brown, and PSA-Akfen joint initiative group, Çelebi Holding, and Global Hutchison and EIB joined in an initiative group. The officers will be evaluated on Monday, April 2 although the evaluation process could be delayed because (more…)
Posted by meb at March 31st, 2007
We came to Turkey to shake the market leader, said the head of Vodafone’s Turkey unit, hinting at the mobile telecommunications giant’s plans for Turkey.Attila Vitai was speaking on Friday at a press conference held to officially announce the change in name of Turkey’s second largest mobile phone operator “Telsim Vodafone” to “Vodafone Türkiye.” It has been announced that subscribers to Vodafone-Telsim in Turkey increased by 1 million in the past three months, reaching 13.8 million. Vittai said they were preparing a giant advertising campaign (more…)
Posted by meb at March 31st, 2007
While big players in the highway-related industries gear up for the forthcoming privatizations of Turkey’s highways, the president of the Turkish Contractors Association (TMB) is urging the government to offer the operating rights and tenders for new toll roads together to avoid future financial problems for the winning bidder. TMB president Erdal Eren warned on Thursday, speaking to an Anka news agency reporter, that “otherwise, the financing of new toll roads will be (more…)
Posted by meb at March 30th, 2007
“Turkey needs foreign capital like Sama Dubai,” said Güler Sabancı, chairperson of executive board of Sabancı Holding.
Sabancı, who attended the inauguration of the 9th Adana International Sabancı Theatre Festival, told the A.A correspondent that they welcomed Sama Dubai’s winning the public auction for Istanbul Electricity, Tunnel & Trolley Authority’s (IETT) bus terminal plot in Levent district of Istanbul, underlining that it was an (more…)
Posted by meb at March 30th, 2007
The Central Bank had profits amounting to YTL 3.102 billion last year. The Central Bank had a record level of profits worth YTL 5.154 billion in 2001, the crisis year. In 2002, this figure was only YTL 31 million. The Central Bank has had losses since 2003 due to the monetary policy implemented for the reduction of the inflation rate. The Central Bank completed 2003 with the losses worth YTL 1.5 billion, 2004 with YTL 509 million and 2005 with YTL 131.4 million.
The Central Bank’s losses in 2006 originated from the foreign currency transactions. The Central Bank will allocate YTL 2.1 billion of its profits (more…)