Turkey

Greek company Frigoglass, which supplies custom-made beverage coolers, has agreed to purchase a 86% stake in Turkish company SFA Soğutma Sanayi in a deal worth EUR50mn (US$78mn).... 2008-04-08

Efes Breweries International (EBI) has announced impressive full year results for 2007, as sales volumes grew 13.8% year-on-year (y-o-y) to 13.3mn hl in 2007. Thanks largely to local... 2008-04-01

Coca-Cola Içecek (CCI), the Turkish arm of Atlanta-based drinks giant Coca-Cola Company, has announced its intentions of pursuing more growth through acquisitions in the dynamic... 2008-03-18

Following many failed attempts, the privatisation of state-owned tobacco company Tekel has finally taken place, with British American Tobacco (BAT) winning the rights and beating... 2008-03-12

The Turkish government has proposed a cut in tax on wine production, following a series of reports from the wine industry saying that local producers are giving up the industry due... 2008-02-14

The Turkish alcoholic drinks industry continues to battle with issues of taxation, this time regarding the taxation of rakı, the national drink. The newly founded Traditional... 2008-01-24

American-based packaging producer Graham Packaging Co. announced the establishment of a new packaging plant in Tuzla, Turkey. The new 4000m² production plant will make polyethylene... 2007-12-18

The Turkish government is continuing to push forward with its ambitious Southeast Anatolia Project (GAP) in an effort to boost the region's economic development and significantly... 2007-11-13

UK confectionery giant Cadbury Schweppes has agreed to buy Intergum, a Turkish gum business, in a deal worth US$450mn. Intergum, owned by the Amram family, specialises in low-cost... 2007-06-13

According to media reports, the Turkish mass grocery retail (MGR) sector could be about to see a major shake up, as rumours fly that Koc Holding, the country's top industrial conglomerate,... 2007-05-21