Turkish Gourme King Opens His 22nd Place in DC

Image Entrepreneur Hakan Ilhan owns a total of 21 successful fast casual eateries and gourmet markets in the Washington area including Gelato Dolce Vita in Georgetown, three Cafe Cantinas, three Einstein Bros. Bagels shops, nine Pizza Autenticas, City Wok at Dulles and the National Airport Grill. The Turkish native, who was educated in London before relocating to the USA in 1990, is now turning his sights to open a sleek, modern Italian restaurant in his own neighborhood of Northwest DC, La Forchetta at 3201 New Mexico Avenue, 20016. 

Turkish Cultural Festival Kicks off in the Netherlands

Image The Turkey Now! festival, which brings together the best in Turkish music, dance, theater and film, kicks off in Amsterdam on Thursday and will run for a full three months. The opening event will see the renowned Dutch Metropole Orkest team up with Leman Sam, the diva of Anatolian pop-folk music, and her two daughters, Şevval and Şehnaz, at Amsterdam’s RAI theater. The same show will also be performed in Rotterdam and Eindhoven over the weekend.

Chobani Yogurt Adding Jobs, Expanding Plant in US

Image NEIL CAVUTO, HOST: Well, you go, or is that yogurt? I don't know, because whatever Chobani Yogurt is doing, it is certainly bearing fruit for Chobani. Company founder Hamdi Ulukaya says that Americans' taste for his slightly thicker Greek yogurt, with all the dizzying array of separate fruit compartment flavors, well, it is so big, he is going even bigger, plunking down more than $250 million into planned expansions across this country that will increase production from 1.5 million cases week to more than two million. And that could be just for starters.

Vinci, Carlyle-QIA Lead Bids for 40% Stake in Turkey's TAV

Image ISTANBUL, Feb 3 (Reuters) - French construction group Vinci and a partnership between U.S. private equity firm Carlyle Group and the Qatar Investment Authority (QIA) are the leading bidders in a race for a near 40 percent stake in Turkish airport operator TAV Havalimanlari Holding , three sources close to the deal told Reuters on Friday.

MADO Sets to Expand in Far East Countries

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One of Mado chains in Maltepe Carrefour Super Market.
MADO, Turkey’s premier ice cream and cafe chain, is branching out to the Far East, opening a store in Kuala Lumpur, Malaysia, this February. The company plans to open a total of 12 branches in the region this year and as much as 154 concept stores over the next five years, according to Anatolia news agency.

Deloitte Optimistic for Turkey M&A After 2011 Deals Set Record

Image Deloitte & Touche LLP is “optimistic” about mergers and acquisitions in Turkey in 2012, mostly in medium-sized companies, and expects government plans to sell assets to dominate activity. Energy, retail, internet retail, food and banking will lead Turkey’s M&A transactions this year, Deloitte Turkey’s corporate-finance partner Basak Vardar said in an emailed statement. The country had 241 M&A transactions last year, the highest in Turkey’s history, valued at about $15 billion, and foreign investors accounted for 74 percent of the total value of those deals, Vardar said.

After Middle East, Coca Cola Invests in Expansion at Home

Image Coca Cola (NYSE:KO) will invest more than $3 billion in the U.S. alone in the coming year, according to the company’s Chief Executive Mr. Muhtar Kent. [1] Mr. Kent also sounded optimistic about the U.S. recovery and said that the country has a bright future ahead. Coca Cola enjoys a very strong brand recognition within the country, so an improved economic environment could really help the company in the long run. Recently, the company also invested $980 million buying a stake in Aujan Industries in the Middle East. Coca Cola currently competes with companies like Pepsi (NYSE:PEP) and Dr. Pepper Snapple Group (NYSE:DPS) and other domestic players.

Hasan Tuluy, New World Bank Vice President for Latin America and the Caribbean

Image Hasan Tuluy, a Turkish national and a strong supporter of inclusive growth, will become the new World Bank Vice President for Latin America and the Caribbean as of January 1st, 2012. Mr. Tuluy will oversee the Bank’s lending, knowledge, and poverty-fighting operations in the region, which totaled US$9.6 billion in fiscal year 2011, according to The World Bank .

Direct Energy Investments Exceeds 3.5 bln USD

Image Turkish Energy & Natural Resources Minister Taner Yildiz has said that direct investments in energy sector exceeded 3.5 billion USD in 2011 in Turkey. The share of private sector was over 60 percent in energy production in 2011, added Yildiz who held a press conference in Ankara on Thursday.
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