Posted by meb at June 8th, 2008

The world’s largest beverage company Coca Cola has decided to manage a significant proportion of its global operations from Turkey by moving one of its centers to the country, daily Vatan reported Friday. The top executives of Coca Cola Turkey were informed Thursday that Coca Cola is planning to move its Eastern Europe, Russia, Middle Asia, Caucasus, Middle East and all-Africa center to Turkey, the newspaper said. The global player is expected to manage almost two fifths of its global operations from Turkey.

Approximately three weeks ago, Alpaslan Korkmaz, head of the Investment Support and Promotion Agency, which was established to attract foreign investment to Turkey, had announced that one of the world’s top 50 companies would move its center, which has a turnover of $17 billion, to Turkey. (more…)