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Category Archives: Economy

Turkey rated as a top place in the world to direct foreign investment

Turkey ranks in the top 25 countries worldwide where international business executives are likely to direct foreign investment, according to a recent independent report. The 2014 Kearney Foreign Direct Investment Confidence Index lists Turkey as 24th,  and shows an increase in confidence in the country’s investment outlook compared to 2013....

Posted on 23 September 2014

Istanbul’s commercial property sector remains attractive in 2014

Long-term economic growth prospects in Turkey have been described as ‘bright’ by international property consultancy Cushman Wakefield, which added that the Turkish economy is expected to accelerate in 2015 after a slower 2014. In a recent report on the first half of 2014, Cushman Wakefield also stated that the confidence...

Posted on 16 September 2014

The sky’s the limit for developing Istanbul and its impressive skyline

Modern-day Istanbul is gaining a name for its growing skyscrapers, following the release of an independent index that ranks the city as the world’s 22nd most visually impactful skyline. The latest Skyline Ranking by research website Emporis also shows that Istanbul has Europe’s second most impressive skyline, after Moscow, which...

Posted on 12 September 2014

Turkey in the world’s 50 most competitive markets, with rising exports

Turkey is the 45th most competitive market out of the world’s 148 most important economies, according to the 2013-2014 Global Competitiveness Report by the World Economic Forum (WEF). Six European countries dominated the top 10 places of this year’s GCR, namely Switzerland in first place, as well as Finland, Germany,...

Posted on 04 September 2014

Foreign investment up as Turkish economy outshines much of Europe

Foreigners invested $2billion in Turkish property in the first half of 2014, a period that saw a 28 per cent hike in overall foreign direct investment (FDI) in Turkey compared to 2013. FDI in Turkey between January and June was worth $6.8billion, according to data released by the Central Bank...

Posted on 29 August 2014

Turkish economy continues on growth path in 2014-15, according to OECD

Turkey’s economy will grow stronger in the coming years, according to a statement released by the OECD in July, news that should encourage more foreign investors to the country. The OECD, which conducted a survey about the Turkish economy, said that Turkey’s short-term economic outlook has improved, and that buoyed...

Posted on 11 July 2014

Foreign appetite for a slice of Turkey increasing during 2014

Interest in Turkish property is showing no signs of easing off in 2014, after data from the Turkey’s Ministry of Economy showed a record 42 per cent year-on-year increase in real estate purchases by foreign nationals during the first four months of the year. Foreigners purchased real estate worth $1.26billion...

Posted on 03 July 2014

Istanbul’s case for becoming a global financial hub under the spotlight

Istanbul’s campaign to become a leading financial hub in the world was reiterated this month when the Turkey’s finance minister, Mehmet Simsek confirmed that the country aimed to be among the top-three performing economies in Europe within a decade and one of the top 10 in the world within the...

Posted on 17 June 2014

Why Gulf investors hold the key to future growth in Istanbul

Demand for luxury residences in upmarket districts of Istanbul continues to rise, fuelled by buyers from the Middle East who are also attracted by investment opportunities presented by developments in the city’s growing suburbs, said Turkish property agency Spot Blue International Property in April. In March 2014 alone, foreigners bought...

Posted on 25 April 2014

Five reasons Erdogan’s re-election could help Turkey reach new heights

The re-election of Prime Minister Recep Tayyip Erdogan and his AK Party in Turkey has been welcomed by foreign investors, and should help to maintain healthy conditions for growth in the country’s real estate and tourism sector, said Turkish property agency Spot Blue International Property in April. “Continuity is important...

Posted on 04 April 2014