Turkcell Confirms: Bulgaria's Vivacom Sale Failed
The creditors of the Bulgarian telecommunications operator Vivacom have given up on its sale, Turkish mobile phone operator Turkcell, which had emerged as the preferred buyer, announced, confirming earlier media reports. "We received an official letter informing us that the sellers of BTC have aborted their efforts to find a buyer. Turkcell will continue to evaluate acquisition opportunities for similar buyouts," Chief Executive Officer Sureyya Ciliv said at a press conference.
- Published in Euro Turks
Some 165 local businesses invested $5.3 billion in the Netherlands between 2000 and 2010, making the country the top destination for the Turkish investments abroad. Turkish businessmen have invested the highest amount of money in the Netherlands during the first 10 years of the new millennium, according to a report derived from official data by the Confederation of Businessmen and Industrialists of Turkey (TUSKON).
President Gul, Dutch Crown Prince Willem-Alexander and officials will attend Turkey-Netherlands Business Forum in Amsterdam. 100-member Turkish business delegation will travel to the Netherlands to hold talks on new cooperation and investment opportunities between Turkey and the Netherlands on the 400th anniversary of Turkish-Dutch diplomatic relations.
Greek officials met with investors from Turkey to showcase a sale of state-run assets, reflecting a reversal in the fortunes of the Mediterranean rivals as Greece faces possible financial collapse and Turkish growth rivals China’s. Officials of the Greek asset-sales agency, investment office and Foreign Ministry made presentations and held talks with Turkish businessmen in Istanbul today.
