Menu

Category Archives: Economy

Turkish Unemployment Now in Single Figures

According to the latest data from Turkstat Turkish unemployment has fallen into single figures for the first time since July 2008, falling 2.1 points from April 2010 to stand at 9.9% for April 2011. The data shows that 2.6 million people were registered unemployed in April 2011, compared to 3.07...

Posted on 15 July 2011

Turkey Extends Presence as Prominent Player in Global Economy

Turkey continues to expand its presence as one of the prominent players in the post-crash global economy. It's like another week another slew of positive economic data. In the last week we have seen 3 Turkish banks ranked in the top 25 of a chart of the world's most profitable...

Posted on 13 July 2011

Turkish Economy Now Fastest Growing in World

The Turkish economy continued its incredible growth with a record of 11% year on year GDP growth in the first quarter. This made Turkey the fastest growing economy in the world by an incredible margin; Argentina was closes with 9.9% followed by China with 9.7%. At the start of 2010...

Posted on 01 July 2011

Turkey Deserves Ratings Upgrade Says Leading Figure

Turkey has long deserved an ratings upgrade, after its performance throughout the financial crisis, as well as its being one of the most stable economies in Europe and the world in its aftermath. These are not our words, but those of Vedat Akgiray, the chief of the Capital Markets Board...

Posted on 16 June 2011

Istanbul Ataturk Welcomes New Flight Routes

The Istanbul tourism and property market are set to be boosted by new flight links with Genoa. Turkish Airlines has just launched a new route to the Italian city, flying 3 times weekly (Wednesday, Thursday, and Saturday) from Istanbul Ataturk (IST), with an additional flight to be added from June...

Posted on 09 June 2011

The Turkish Economy Continues to Soar

More good news for the Turkish economy came this week when the Turkish Exporters Assembly (TIM) revealed a 20% year on year growth in exports in May. This follows the record exports of 11.8 billion in April, when growth was also strong (25% month on month, no year on year...

Posted on 04 June 2011

It’s Official, Turkey to Top European Economy Again in 2011

The Turkish economy grew 8.9% in 2010, this made it the fastest growing economy in Europe by a good margin. Everyone expected growth to slow in 2011, it had to; the growth rate in 2010 was unsustainable, and to sustain it would ultimately have done more harm than good in...

Posted on 26 May 2011

Developments Securing Istanbul’s Place as one of World’s Great Cities

Istanbul continues to grow into one of the world's most impressive cities. This week it was revealed that Arista, an affiliate of Turkey’s Ar Group, is set to invest nearly $1 billion into new office and residence projects in the city. The news came in the same breath as we...

Posted on 13 May 2011

Turkish Car Sales Hit New Peak in January

In 2010 Turkey's automobile industry became a dominant force within Europe, and early signs for 2011 show that this looks set to continue. Car and light commercial vehicle sales grew 64% year on year in the first 4 months of this year according to new data from the Automotive Distributors...

Posted on 06 May 2011

Turkish Exports Up 25% in April — 22% in Q1

Of all the news on the Turkish economy, the record exports in April is arguably the most significant. If you read like I do on the Turkish economy you will see that the news is overwhelmingly one-sided on the positive side, and that the negative news is almost all centred...

Posted on 05 May 2011