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Category Archives: Economy

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

Turkish Property Benefits from Economic Strength

Turkey is finally getting the attention it deserves, as its economy powers out of recession among the strongest in Europe. Thursday saw a senior International Monetary Fund official announce that Turkey weathered the global economic recession successfully. "We believe that Turkey has weathered the crisis successfully," said Caroline Atkinson, director...

Posted on 16 April 2010

Turkish Economy Looking Good For Strong First Quarter Growth

Industrial output in Turkey was 18.1% higher this February than last, and in the opening two months of the year, 15% higher than the same period of last year. This followed on from an 12.1% year on year increase in output recorded in January, and was a 0.5% month-on-month increase...

Posted on 09 April 2010

Turkish Economy Rebounds Strongly from Recession

Turkey’s economic recovery is gathering pace and it won’t be a surprise if first-quarter figures show that output grew 10 percent or more from a year earlier, Deputy Prime Minister Ali Babacan said. Turkish manufacturers are building up stocks, reflecting their confidence in the economic outlook, and companies’ order books...

Posted on 03 April 2010

These are Important Times in the History of Turkey

These are important times for Turkey, historic even. A Turkey, not only standing on its own two feet without IMF assistance, but looking proficient in, and highly capable of, doing so for the long haul. Of course, negotiations have only been terminated in the past two weeks, but Turkey has...

Posted on 25 March 2010

International Investors Show Confidence in IMF-Free Turkey with their Wallets

Thursday saw Turkey successfully sell $1 billion of 11-year dollar bonds at the lowest yield on record, the Treasury has said. The yield of the bonds is 2.03 percentage points above US treasures, the lowest ever cost the republic has ever borrowed at through the sale of securities. The yield...

Posted on 13 March 2010