The EBRD is making a €1.4 million investment in Meykar, one of Turkey’s leading private manufacturers and distributors of frozen beverages to expand the company’s capacities and product range.
The two-tranche financing is in the form of a convertible loan of €0.7 million that has already been disbursed and a planned €0.7 million equity injection that will come into effect as the company implements its business development plan.
The EBRD’s funds will be used to finance the purchase and installation of new equipment lines. The improvements will increase Meykar’s production capacity and distribution network across Turkey.
“We are very pleased to help Meykar’s management team with this transaction, which underlines our commitment to further develop Turkey’s fast-growing small and medium-sized private business sector. The Bank is an early investor in the company and we will continue providing our support as the company continues its growth,” Michael Davey, EBRD Director for Turkey, said.
Azerbaijani and Turkish diaspora organizations in the United States have launched a campaign to prevent a local NGO from making an unauthorized trip to Karabakh. The US-based Azerbaijani-American Council (AAC) and the Pax Turcica Institute have organized an action letter campaign (PTI) in protest of the recent discovery of a planned unauthorized visit to Karabakh by the World Affairs Council (WAC) of Houston, Texas, a US-based NGO. 
Delivering a speech on talks, ASO Chairman Nurettin Ozdebir said that Turkey's imports from the United States had been 12.3 billion U.S. dollars and exports to the U.S. had been 3.8 billion USD in the last year. U.S. Assistant Secretary of Commerce Michael Camunez and accompanying delegation had a meeting with businessmen at Ankara Chamber of Industry (ASO) in Ankara on Monday, discussing renewable energy and energy productivity. 
Matt Marshall (Venture Beat) Last week, I visited Turkey, and discovered what a lot of people are saying about this fascinating country: It’s the next developing hotspot for technology startups, especially for e-commerce. The sector is exploding: The Turkish e-commerce market hit $10.6 billion in the first six months of the year, compared to $16.3 billion for all of 2010. And after years of neglecting Turkey, U.S and other investors are now starting to flock there. Investment capital isn’t gushing full-bore yet, as investors assess this still-emerging market. But 2011 is the year when the spigot was first turned on. 
Turkey ranked 19th in a global list of countries with most valuable brands with a total value of 373 billion U.S. dollars, according to a global brand valuation research. Turkey ranked 19th in a global list of countries with most valuable brands with a total value of 373 billion U.S. dollars, according to a global brand valuation research. The country ranked 10th in a similar list for European countries. 
More than 2,500 Turkish entrepreneurs from 90 countries will attend the Congress to take place at the Lutfi Kirdar Congress and Exhibition Center. The World Turkish Entrepreneurs Congress, organized by the Foreign Economic Relations Board (DEIK) of Turkey, will take place in north-western province of Istanbul on November 18 and 19.
Kermit USA, a Turkey-based manufacturer of specialized roofing tile, will locate its U.S. headquarters and first North American manufacturing plant in Muncie, IN.
US Vice President Joe Biden will visit debt-riddled Greece and Turkey, a vital American ally in the Middle East, on a major overseas trip in early December, the White House said on Monday. The White House statement didn't provide many details of Biden's exact itinerary, yet briefly said Biden will visit Ankara to discuss the “important partnership” with Turkey. 
Turkish Bank Ziraat began operation yesterday in the island of Rhodes, after approval by the Bank of Greece. The opening celebration is expected to take place on 13th of October. After the previous subsidiary companies in Athens, Komotini and Xanthi, Ziraat Bank aims with its new branch to attract Greek-origin retired people from Turkey that have stayed in the island of Rhodes, while the Turkish bank is expected to give credits to the retired people and their relatives. 
Founded fourteen years ago, the aim of Dogus University has always been to ensure quality in education. In the 2010-2011 academic year 29.9% of Dogus students received scholarships. The Dogus Group of Schools started its educational life as a High School in 1974. Later on, by establishing kindergartens, an elementary school, a science high school and an IB world school, it continued serving the Turkish Educational System in each phase of elementary and secondary education. 
Mezun.com was launched on the Millenium day (Jan 1, 2000) and Mezun.com grew rapidly to sixty thousand registered members at the end of 2000 and over hundred-fifty thousand the following year. 
Julia Elaine Robertson and Shira Rachel Babow are exchange students at Bilkent University, located in the country’s capital city Ankara. After completing their studies, they will return to University of California. At Bilkent, international faculty and instructors make up more than a quarter of all academic staff, representing 40 different countries. There is a growing body of full-time international students, as well as exchange students visiting from more than 250 partner institutions.
Turkey's economy grew 11 percent in the first quarter of 2011, Turkish Statistics Institute said on Thursday. The economy had grown 9.2 percent in the last quarter of 2010, and 8.9 percent throughout the previous year, higher than the expectations of the government. Turkey's GDP was up 17.9 percent in current prices and reached 284.8 billion Turkish liras-TL (175.4 billion USD). In constant prices, Turkey's economy grew 11 percent and reached 25.8 billion TL (15.8 billion USD). 
