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Category Archives: Economy

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

Turkish Industrial Production in 12.1% Annual Growth in January – Turkstat

Turkish industrial output was up 12.1% year on year according to the latest data released by Turkstat. This compares to a growth of 1.5% in European Union industrial production over the same period. Calendar adjusted industrial production in Turkey increased by 16.1% year on year, and by 0.3% month on...

Posted on 12 March 2010

Turkish Economy to Grow More than Previously Expected Says World Bank

The World Bank country director for Turkey, Ulrich Zachau has said that the organisation "expects" Turkey's economy to grow by 4-4.5% this year, which is higher than the World Bank's running forecast of 3.5%. On the other hand, he said that high unemployment would continue to be a problem in...

Posted on 03 February 2010

Turkish US Trade to Increase by a Factor of 3

Speaking at a lunch hosted by the Turkish–American business council, U.S. Ambassador to Ankara James Jeffrey has said that trade between the two nations could increase by up to three times. After taking time to understand the problems and develop a plan for trade relations, Turkey and the United Sates...

Posted on 28 January 2010

Turkish 10 Year Bond Sale a Testament to Investor Confidence in Turkey

The Turkish government has raised 934million Turkish lira from the sale of landmark 10 year bonds, which, by all accounts brought tremendous demand at auction. Turkey's bond issuance is not the first and it will not be the last such move as countries attempt to raise some much needed cash...

Posted on 26 January 2010

Hilton to Open 15 New Hotels in Turkey

In one of the biggest testaments to the potential for growth in Turkish tourism to date; Hilton Hotels has announced that it will open 15 new hotels in Turkey. Hilton already has 9 hotels in Turkey, having been the first international hotel chain to invest in Turkey over 55 years...

Posted on 15 January 2010