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Category Archives: Economy

Investor Confidence in Turkey Back to 2007 Levels

According to the Deloitte "Private Equity Confidence Survey," or PECS, investors have the same level of confidence in Turkey as they did in 2007 before the international financial crisis first reared its ugly head. The PECS report is based on the results of a huge survey asking the views of...

Posted on 02 December 2010

State-Owned Turkish Property Developer in 1 Billion TYR IPO

State-owned Turkish real estate developer is selling a 25% stake of the company in an Initial Public Offering next week. The firm is selling 625million shares at between 1.60 and 2.15 Turkish Liras each. Doing the math that is a valuation of 1 billion liras (at the lowest price of...

Posted on 07 November 2010

Turkish Employment to be Boosted Massively by Turkish Silicon Valley

Nihat Ergün, Turkish minister for industry and trade has said that Turkey's first “Silicon Valley” will be based between Kocaeli and İstanbul. Publication Today's Zaman has learned that the valley will be span 1100 acres of land, in what is recognised as the most industrialised region of Turkey. Ergün said...

Posted on 05 November 2010

Turkey Most Suitable Candidate for Seat on IMF Executive Board

With each passing week and month Turkey continues to impress investors more and more. The Turkish economy is now one of the fastest growing economies in the world. The latest news is that Turkish exports increased by a further 5.5% year on year in September, to 8 950 Million USD....

Posted on 28 October 2010

Turkish Property Shines as Best Performing Regional Market

Turkey is recovering from the global financial crisis strongly, with its economy ranked as one of the best and most stable performers in the region, according to a recent report from real-estate brokerage Cushman & Wakefield. Real estate investment brokerage Cushman and Wakefield have reported that Turkey is one of...

Posted on 21 October 2010

Unemployment set to Fall as Tesco Invests in Turkey

Tesco is happy with growth statistics from its Kipa chain of stores in Turkey, and will continue its investments the country's retail sector, according to a spokesperson for the country. Tesco CEO and Operations Director Tony Hoggett, outlined new store concepts and future plans for Turkey. “Turkey’s credit ratings are...

Posted on 15 October 2010

CIVETS to Take Over from BRICs as Emerging Markets Lead Global Recovery

"It's a defining moment," said HSBC CEO Michael Geoghegan. He was referring to the fact that emerging markets are expected to overtake their developed counterparts in purchasing power parity. "Emerging markets will grow three times faster than developed countries this year and are driving global recovery," he said. "Within three...

Posted on 13 October 2010

Soyak Partners with Spot Blue to Increase Overseas Presence

Soyak, one of the largest developers of residential real estate in Turkey has Chosen Spot Blue to market its Istanbul properties to the UK, European and international markets. The power of the Soyak brand within Turkey is impossible to overstate; with a history of successful developments spanning almost 50 years...

Posted on 08 October 2010

Turkish Economy to Grow 7.8% in 2010 says IMF

The International Monetary Fund has just upgraded Turkey for the second time in 12 months, but it is still giving a very conservative projection. The IMF increased their 3.7% 2010 growth forecast made in October 2009, to a forecast of 5.2% in April this year. They have now increased this...

Posted on 07 October 2010

Danske Bank Raises Forecast on Turkish Economy

As if running on from recent reports that trade and investment between the United Arab Emirates and Turkey is returning to pre-crisis levels, Danish bank Danske Bank (one of the leading banks in Europe) has cited investment levels in Turkey rising to pre-crisis levels as one of the reasons for...

Posted on 30 September 2010