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 Turkish markets higher, industrial output beats forecast
Turkish assets rose on Friday as improving global risk appetite supported emerging markets, even though better-than-expected May industrial output data raised fears Turkey´s surging economy may be overheating. |
 Turkish banking sector´s total assets reach 1.1 trillion TL in May
Total assets (asset size) of the Turkish banking sector reached 1.1 trillion Turkish liras (TL) in May 2011. (1 USD equals 1.632 TL) |
 Nippon Life Insurance: To Buy Allianz Subordinated Bond For EUR500M
Nippon Life Insurance Co. said Tuesday that it will invest about EUR500 million, or about Y60 billion to buy a 1% to 2% stake in German insurer Allianz, as part of its efforts to accelerate its global reach. |
 Istanbul’s tourism to earn $10.2 billion
Tourism revenues in 2011 will grow fastest in Istanbul among some 132 cities over the globe, surpassing even New York and Amsterdam in terms of number of visitors, according to research. Forecast for revenues stands at $10.2 billion |
 HSBC takes on Allianz Turkey pension funds
HSBC is to manage all of Allianz Turkey’s personal pension funds as part of a partnership deal between the two companies. |
 Çanakkale to host 100,000 tourists
Çanakkale, currently in preparation for an explosion in the tourism industry, is about to embark upon a number of new projects. In addition to building a 500-yacht capacity marina, the region has also established an agency to help achieve the goal of hosting 100,000 tourists by the year 2015, the 100th year anniversary of the Battle of Gallipoli. |
 Turkey blacklists Gadhafi, may seize bank
Turkey’s Savings Deposit Insurance Fund, or SDIF, may seize Arab Turk Bank, the Turkish-Libyan lender also known as A&T Bank, Radikal newspaper reported on Sunday. |
 Istanbul to be the city with most increase in tourism income in 2011, says MasterCard Worldwide
The "MasterCard Target Cities Index", prepared by MasterCard Worldwide, has evaluated the tourism potential of the world´s most famous cities. |
 Analysts question Turkey’s growth model
Turkey has become “Eurasia’s rising tiger,” posting an 11 percent first-quarter growth rate, but it must still grapple with its expanding current account deficit and develop a sustainable growth model, according to some commentators. |
 S. African Naspers acquires 70 percent of Turkish Markafoni shares
South African media group Naspers has bought 70 percent of Turkey´s third biggest e-commerce company, Markafoni, according to a press release issued on Thursday. |
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