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News

Grundig: Turkish Koc Group makes the leap into the global market

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Grundig is one of Germany's traditional names. But Grundig could not keep up with the rapid developments in technology and was saved only by the acquisition of the Turkish Koc Group.

Before the acquisition of Grundig by the Koc Group in 2008, her daughter Beko held only 50 percent of Grundig Intermedia. Since 2008, the Koc Group is the sole owner of Grundig.

Grundig is now positioned in the global market.

Grundig televisions, radios and DVD players produced now in Turkey, are going to be sold now also in the Middle East, in Russia, North Africa and North America.

 

Historical artifacts from Troy back in Turkey

Immobilien in Alanya

For several years Turkey was working for the retrieval long-lost historic treasures and treasures that have been brought out of the country long ago. Now 24 artifacts from the historic Troy treasure with an estimated value of ten million U.S. dollars are back in Turkey again.

In 1873, the exhibits of the treasure of Troy were smuggled illegally and brought out of the Ottoman Empire. On 01/09/2012 they came back to Turkey and are currently exhibited in the Museum of Anatolian Civilizations in Ankara. The artifacts are approximately 4500 years old and contain gold bracelets and necklaces.

Since 2009, the artifacts were in the Penn Museum in Pennsylvania. This declared to be ready to return the treasures to Turkey. As a "reward" the Turkish Culture and Tourism Ministry has promised to lend the artifacts for an exhibition in 2016 again. Turkey is willing to cooperate with museums to present the treasures to museum visitors worldwide.

The treasure will be exhibited in a special Troy Museum, that is going to be built in Çanakkale.

Already some 4,000 artifacts were brought back to Turkey since 2007. And this will not be the last.

 

New Tapu law comes into force

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The long awaited change of the Tapu Law is now in force. The law was signed by the President of Turkey and the sale to foreigners is now going on again.

The most important changes we have summarized for you:

The reciprocity principle has been cancelled.

The list of countries that may acquire property in Turkey has been approved by the Cabinet. A total of 181 countries have therefore a right to purchase the property in Turkey. Countries that are not on this list cannot purchase a property in Turkey.

Surface boundaries

Foreigners are allowed to purchase max 10% of the total area of ​​a province.

Up to 30 acres are available for purchase. Every single foreign person has the permission to buy max 30 acres.

Private companies, companies that were founded abroad can purchase property in Turkey after certain conditions prescribed by the Cabinet.

 

Russian and Danish buyers benefit from the new Tapu Law

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Especially our Russian and Danish customers take advantage of the change in the Tapu Law. The Tapu office required the submission of a residence permit of buyers from Russia and Denmark till now. This has changed. A residence for the purchase is not necessary any more. This simplifies the buying process a lot.

The limit of properties (1 per person) that can be purchase per person for Danish customers is still the same.

Also for Russia’s neighbors’, there are positive news. Interested customers from Belarus, Tajikistan, Kyrgyzstan, Turkmenistan, Azerbaijan, and Kazakhstan are now allowed to purchase property in Turkey.

 

Amphitheater for Alanya

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In Alanya is currently an amphitheater with place for 3,000 visitors under construction. Completion is scheduled for the end of the year. In addition to many cultural and art events, which are already being planned, Alanya's first amphitheater will also serve as an educational institution. In March, Mayor Hasan Sipahioglu visited and inspected the progress of the construction of an amphitheater personally.

While visiting the construction site, the mayor received from the construction company FND the information that the construction work is planned to be completed before the end of the year. From 2013 onwards, the new theater will be the venue for national and international concerts. Theater, ballet and opera performances are also being planned.

We are already looking forward to many interesting evenings in Alanya's new amphitheater.

 

Information Turkey

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