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Category Archives: Turkey News

Turkey: Construction leading the way to economic recovery in Turkey

Date: 15/09/2010 Turkey: Construction leading the way to economic recovery in Turkey On Monday the Turkish Statistics Institute announced extremely positive data for the Turkish economy, a 10.3% GDP growth in the second quarter of the year, making it the world’s third fastest growing economy for April – June, behind...

Posted on 14 February 2011

Turkey: UKÂ’s Jet2 Airline announces new flights from Glasgow to Turkey

Date: 14/09/2010 Turkey: UK’s Jet2 Airline announces new flights from Glasgow to Turkey Jet2 has announced from April 2011 it will be flying to Dalaman in Turkey from its Glasgow base. 14 September 2010

Posted on 14 February 2011

Turkey: Turkish SMEs are targeted by foreign investors

Date: 09/09/2010 Turkey: Turkish SMEs are targeted by foreign investors Because of Turkey’s strong economic performance Turkey’s SMEs (Small Medium Sized Enterprises) have come to the attention of overseas investors who are lining up to acquire companies or form joint ventures in the SME sector. These include the Russian steel...

Posted on 14 February 2011

Turkey: Prime Minister opens new wind power plant in Mersin, southern Turkey

Date: 06/09/2010 Turkey: Prime Minister opens new wind power plant in Mersin, southern Turkey The Turkish Prime Minister Recep Tayyip Erdogan attended the opening ceremony of the 125 MW wind power plant in the Southern Turkish town of Mersin. The Prime Minister said the plant would serve 25,000 homes once...

Posted on 14 February 2011

Turkey: Federal Reserve’s Director says “Turkey shows remarkable growth”

Date: 06/09/2010 Turkey: Federal Reserve’s Director says “Turkey shows remarkable growth” The following the global financial credit crunch Turkey is showing remarkable growth following a period of strong recovery. Deputy Associate Director Seth Carpenter of the FEDs Division of Monetary Affairs praised Turkey's economic performance and drew attention to the...

Posted on 14 February 2011

Turkey: Condé Nast Traveller Destination of the Year

Date: 03/09/2010 Turkey: Condé Nast Traveller Destination of the Year Turkey has swept up the highly prestigious accolade of the Condé Nast Traveller’s favourite country in the destination category at the 12th Annual Readers’ Travel Awards on Wednesday night. This is the first time that Turkey has won the award...

Posted on 14 February 2011

Turkey: Employment figures up due to record growth

Date: 03/09/2010 Turkey: Employment figures up due to record growth Turkey economic performance is beating expectations and its strong economic recovery has started to create employment”, said the Turkish Finance Minister, Mr Mehmet Simsek speaking at the TEK (Turkish Economic Association) Unlike many other “advanced” countries, Turkey’s economy fast growth...

Posted on 14 February 2011

Turkey: Despite global economic downturn Turkish airlines continue to grow.

Date: 03/09/2010 Turkey: Despite global economic downturn Turkish airlines continue to grow. According to Mr Ali Ariduru, Turkey’s Civil Aviation Authority General Manager, 60 airlines went out of business because last year’s economic crisis. It is estimated by IATA, (International Air Transport Association) that losses of over 9 Billion USD...

Posted on 14 February 2011

Turkey: Foreign investors view Turkey as ‘investment hotspot’

Date: 26/08/2010 Turkey: Foreign investors view Turkey as ‘investment hotspot’ Turkey’s Industry and Trade Minister Nihat Ergun stated that Turkey is gaining strength in the political arena with each passing day and that this is due to the country’s economic power. Ergun pointed to the fact that Turkey’s potential is...

Posted on 14 February 2011

Turkey: Improving investment grade status ?

Date: 26/08/2010 Turkey: Improving investment grade status ? Turkey’s newfound reputation for financial stability is luring foreign investors, writes Delphine Strauss. Turkey’s financial capital Istanbul's ISE100 equity index has hit record highs. Yields on sovereign debt are close to historic lows. The currency, the Turkish lira, is more stable than...

Posted on 14 February 2011