Menu

Category Archives: Investment

Turkey: the Fastest Growing Economy in Europe Growing Beyond Expectations

Ali Babacan, the Turkish Minister for the Economy has said that the massive increase in the industrial production index for October means that the government's economic growth forecast for 2010 must be revised upwards. "Industrial output increased by 9.8 percent in October. The recovery in Turkish industry started in October...

Posted on 10 December 2010

Investor Confidence in Turkey Back to 2007 Levels

According to the Deloitte "Private Equity Confidence Survey," or PECS, investors have the same level of confidence in Turkey as they did in 2007 before the international financial crisis first reared its ugly head. The PECS report is based on the results of a huge survey asking the views of...

Posted on 02 December 2010

Turkey Property a Hit With Investors, and Rightly So

According to official data from the Turkish General Directorate of Land Registry, some 32,000 Brits are dominant owners in a country which has seen foreigners purchase over 65 million square meters of land and property since 2002. With 6 million square meters of that owned by Brits, they own twice...

Posted on 20 November 2010

New Airport for Istanbul Given Green Light

Istanbul mayor Kadir Topbas has given the green light for a third airport in the Silviri district to the west of Istanbul. Massive growth in traffic to both Istanbul Ataturk and Sabiha Gökçen has triggered a series of projects to expand the city's air-traffic capacity, the third airport being the...

Posted on 12 November 2010

Turkey Property: Top of the Props October

Well, it's been well over a month since we looked at the top performing properties, and we thought it would be good to take a look. For those reading for the first time, we recently started compiling data on the most reviewed properties on the Spot Blue website. We last...

Posted on 03 November 2010

Turkey to Become Regional Call Centre Hub

Turkey is to become a regional call centre hub because of its young dynamic population, as well as its unique geographic location experts are predicting. Turkey has a lot to offer global companies looking to outsource their tele-sales, tele-marketing and customer services operations to another country, Deniz Babucoglu, the Turkish...

Posted on 29 October 2010

Bloomberg: Turkey, Enjoy Your Property Boom For as Long as it Lasts

Turkey is experiencing a PROPERTY BOOM. The country's real estate developers are the stars of the stock market. Those are not lines you hear every day, especially not in a Bloomberg video special but that is what we heard today. Unfortunately the report was typical of mainstream reports; in that...

Posted on 27 October 2010

Unemployment set to Fall as Tesco Invests in Turkey

Tesco is happy with growth statistics from its Kipa chain of stores in Turkey, and will continue its investments the country's retail sector, according to a spokesperson for the country. Tesco CEO and Operations Director Tony Hoggett, outlined new store concepts and future plans for Turkey. “Turkey’s credit ratings are...

Posted on 15 October 2010

Turkish Economy to Grow 7.8% in 2010 says IMF

The International Monetary Fund has just upgraded Turkey for the second time in 12 months, but it is still giving a very conservative projection. The IMF increased their 3.7% 2010 growth forecast made in October 2009, to a forecast of 5.2% in April this year. They have now increased this...

Posted on 07 October 2010

Moody’s Finally Opts to do the Decent Thing on Turkish Bonds

"Moody's finally, finally opted to do the decent thing," said Tim Ash head of emerging-market research at Royal Bank of Scotland Group Plc in London, in response to the ratings agency changing the outlook on Turkey’s Ba2 local and foreign-currency government bond ratings to “positive” from “stable,”. This isn't the...

Posted on 06 October 2010