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Category Archives: Investment

Abu Dhabi Owned Company Invests in Turkish Coal Mines

Taqa, an Abu Dhabi owned company has recently signed a coal plant deal with Turkey that could be worth $12 billion. The agreement was signed at the beginning of the month and allows Taqa to develop Turkish coal mines. The company will work in conjunction with the Turkish government owned...

Posted on 17 January 2013

Fears of a Property Bubble Forming in Turkey Are Unfounded

There have been quite few concerns that a property bubble could form in Turkey, leading to the kind of problems seen in Spain. However experts don't think this is very likely to happen due to a number of different factors. Recently Turkish banks have been reducing interest rates on home...

Posted on 10 January 2013

Turkey Takes Steps to Develop Business and Trade Ties with Egypt

Turkey is taking extensive steps to develop and strengthen trade and business ties with Egypt. A recent business mission visited Cairo for the Turkey-Egypt Business Forum, and was headed by Turkish Prime Minister Recep Tayyip Erdogan. The mission included nine Cabinet ministers and three hundred and fifty business people. The...

Posted on 24 November 2012

Turkey’s Eastern Provinces Gain $6 Billion in Investment

The eastern provinces in Turkey have managed to secure $6 billion in investment during the past four months, thanks to the government’s industrial incentives program, according to a report from the Science, Industry and Technology Ministry. The government plan has divided the country into six regions, giving the least developed...

Posted on 19 October 2012

Turkish Exports Continue to Grow Strongly in September

At 11.4 billion USD Turkish exports increased by 7.4% year on year in September. The year-to-date performance is even more impressive, with 111.4 billion USD taking us up 12.1% compared to the same period in 2011. Par for the current course automotive exports remained at the top of the tree...

Posted on 18 October 2012

Turkey Continues Global Outreach with New Gambia Agreement

One of the things I love most about the Turkish government's economic management is the fact that it never rests on its laurels. When Turkey reached visa-free deals with several Arab states just before the Arab spring eradicated much of its competition for Arab tourism it seemed as though Erdogan...

Posted on 28 September 2012

Natural Gas Reserves Found on Turkey’s Black Sea Coast

It was recently announced that natural gas deposits have been found on Turkey's Black Sea coast. This is an extremely important development as it is one of Turkey's first natural gas reserves. The Turkish Petroleum Corporation (TPAO) was in charge of the drilling operation that discovered the key natural gas...

Posted on 21 September 2012

New Incentives Bring New Wave of FDI to Turkey

The latest round of investment incentives has paid off in Turkey, as according to reports another wave of major investment is headed for the strategically important emerging market. İlker Aycı, President of the Investment Support and Promotion Agency of Turkey (ISPAT) told a press conference that a big North American...

Posted on 20 September 2012

Turkish Economy Soldiers on on Diversified Export Markets

Analysts predict that Turkey will have avoided the slowdown seen by most western European economies in the second quarter, as firms diversified their exports away from Europe into Africa and the Middle East to generate, which also helped to bring about a 12%+ growth in exports for the first seven...

Posted on 08 September 2012

Fitch Ratings Says Turkey on Track for Soft Landing

Fitch Ratings has just published a report on the Turkish economy and says the country has made good progress in returning to a sustainable growth rate while reducing the rate of inflation and the current account deficit. However Fitch warns the Turkish economy is still vulnerable to the global financial...

Posted on 31 August 2012