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Category Archives: Economy

Turkey Gaining Name as Top European Emerging Market

The stability of the Turkish banking sector, the currency, and the growth potential of the economy are continuing to impress global investors, and making its receiving Investment Grade status from the ratings agencies continuously more likely. "Turkey is Europe's BRIC," asserted David Cameron on a recent trip to Ankara. For...

Posted on 27 August 2010

Turkey Region by Region Part II: Izmir

Like Antalya, Izmir Province has some gorgeous bay-sheltered beaches, but rather than forming a bay, Izmir Province is formed by 2 bays. Izmir is a large region on Turkey’s Aegean coastline in south west Turkey. Looking round from the south you have Kusadasi, which, like Kas is famed for its...

Posted on 25 August 2010

“Unprecedented Year” Means Bags of Cheap Holidays in Turkey

The massive confluence of circumstances this year have caused a bargain bonanza of cheap holidays in Turkey. The travel industry was expecting a turnaround this year from last as the global economy was progressing into recovery, thus they ramped up their offerings. Then we had the volcanic ash cloud, the...

Posted on 11 August 2010

Turkish Airports See 24% Growth in Passenger Numbers this year

The phenomenal growth in Turkish air travel has continued according to the latest reports. According to the latest data that 44.3 million passengers went through Turkish airports between January and June this year, a 23.7%growth on the same period of last year. This follows the 7.3% year on year growth...

Posted on 05 August 2010

Turkey Continues to Strengthen Medical Tourism Package

The 15 percent year-on-year growth for the Anadolu Medical Center announced at a press conference in Istanbul last week shows Turkey is still on track to become a hub for international health tourism. According to a spokesperson the growth can be put down to a combination of competitive prices, cutting...

Posted on 08 July 2010

Global Investors Pre-emptively Rate Turkey Investment Grade

It seems that global investors are acting on the basis that the rating agencies will imminently upgrade Turkey's debt rating to investment grade. This belief comes from the fact that it currently costs as much to insure Turkish debt against default as it does to insure debt of Russia in...

Posted on 01 July 2010

Turkish Air Travel to Russia Up 50% Since last May

A new study by Anna.Aero has revealed 50% growth in air traffic from Turkey into Russia since last May. Turkey is now the second largest country in terms of air traffic into Russian airports the study found. This is a result of massive improvements in accessibility between the two countries....

Posted on 28 May 2010

Turkish Economy Powering Out of Recession

The Turkish Trade deficit doubled from $2.4 billion to $5 billion in March, according to the latest data from Turkish statistical institute Turkstat. The widening is being seen as a positive sign, because it is based manufacturing companies increasing their purchases of raw materials as they ramp up production, on...

Posted on 01 May 2010

Construction Leader Predicts 15% Growth in Turkish Construction this Year

The chairman of a leading Turkish construction company has said that the industry could see growth of up to 15% this year. Speaking , which was organized by the Association of Turkish Building Material Producers, or İMSAD, on Thursday, Süleyman Varlıbaş, chairman of Varlıbaş Holding said the growth in the...

Posted on 20 April 2010

Turkey Takes Place as One of World’s Hottest Emerging Markets

Turkey is undoubtedly one of the hottest emerging markets in the world right now. Investors are buying Turkish stocks and bonds in record amounts. That is not a figure of speech; the Istanbul Stock Exchange index hit an all-time high on Apr. 9. This was the high-point of a 52-week...

Posted on 18 April 2010