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Category Archives: Economy

Turkey and UK Increase Trade Relations to Boost Economy

Turkey and the UK have signed a memorandum of understanding on the establishment of a joint economy and trade committee. The move is designed to make trade easier between the two countries, and broaden the horizons for entrepreneurs in both countries, according to UK trade minister Mervyn Davies. Davies addressed...

Posted on 25 June 2009

Turkey Economy to Start Growing in Second Half of Year – Merrill Lynch

Merrill Lynch, a leading player in the global financial circuit has said the Turkish economy will start growing by the 3rd quarter of this year, after suffering heavy quarterly losses of above 6% in the first half of the year. Their analysis has led them to forecast a 0.5% growth...

Posted on 18 June 2009

Brits Eyeing Turkish Property Should Move Now or Risk Paying More

Any Brits planning to buy property in Turkey should be looking to lock in their price now, experts have suggested. The Pound has strengthened a lot against the Turkish Lira in the last couple of months, making Turkish property much cheaper to British buyers, and experts think it may have...

Posted on 12 June 2009

Turkey Looks Set for Early Economic Recovery

It does indeed seem that the worst of the international downturn maybe upon us. I have been cautious about positive news in the past, because it has been easy to dismiss one single positive indication as a statistical anomaly. But right now, there is just too much positive news from...

Posted on 11 June 2009

Turkish Govt Takes steps to Boost Economy, May Weaken Lira/Boost Property Market

The World Bank is to loan $6.5 million to Turkey, some of the loan will be used as part of the government's initiative to increase employment in the south east of Turkey. Also this week, Turkey signed a free-trade agreement with Serbia, which will massively increase trade between the two...

Posted on 04 June 2009