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EU Commission increases Turkey’s economic forecasts

13 May 2011.  In the recent released EU Commission spring 2011 economic forecast the Commission praised Turkey’s performance by saying "Turkey's fiscal consolidation in the past decade is an impressive success story." The EU Commission report went on to say "in the wake of the 2001 financial crisis, the government...

Posted on 13 May 2011

Raffles to open new luxury hotel in Istanbul

12 May 2011 – Raffles the luxury hotel group has announced it is to open a new 180 room hotel in Istanbul by the end of 2012. The hotel will be situated in the new Zorlu Centre on the European side of Istanbul. The Zorlu centre, which is under construction,...

Posted on 13 May 2011

Top of the Props in April

We recently redesigned the Spot Blue website and one of the features that we expanded upon was the collation of statistics, specifically the most popular properties. Instead of simply keeping a rolling average of views, we now measure weekly views, monthly views, and lifetime views. We have just collated the...

Posted on 12 May 2011

Industrial output in Turkey increases by over 10 percent

10 May 2011 Turkey’s year on year industrial output figures from TurkStat (Turkish Statistical Institute) shows March 2011 figures compared with March 2010 have increased by 10.4 percent. The data also shows other sectors increases with mining up by 4.5 percent and electricity, gas, etc up 11.9 percent. Source –...

Posted on 10 May 2011

Turkish borrowing cost decreases

9 May 2011 The Turkish Treasury in Ankara announced that it has sold approximately 2.4 Billion USD (3.7 Billion TL) of lower yielding three-year fixed-rate bonds, more than twice the amount sold in April. Turkey is looking to reduce its borrowing costs as the Turkish central bank keeps interest rates...

Posted on 09 May 2011

Turkish Car Sales Hit New Peak in January

In 2010 Turkey's automobile industry became a dominant force within Europe, and early signs for 2011 show that this looks set to continue. Car and light commercial vehicle sales grew 64% year on year in the first 4 months of this year according to new data from the Automotive Distributors...

Posted on 06 May 2011

Turkey’s car and van sales up by 64 percent this year.

5 May 2011 Figures released by ODD (Turkey's Automotive Distributors Association) show car and light vehicle unit sales increased from 157,982 to 259,182 in the first four months of 2011 – a 64 percent increase on an annual basis. According to the report, car sales increased by 70 percent during...

Posted on 06 May 2011

International private equity group invests in Turkish hospital group

5 May 2011 - A group of international private equity investors have agreed to invest 140 Million USD in Universal Hospitals Group, one of Turkey’s largest hospital and healthcare providers. The investment will enable Universal Hospitals to increase its hospital network to 18 in 12 Turkish cities including Istanbul. Source...

Posted on 05 May 2011

Turkish Exports Up 25% in April — 22% in Q1

Of all the news on the Turkish economy, the record exports in April is arguably the most significant. If you read like I do on the Turkish economy you will see that the news is overwhelmingly one-sided on the positive side, and that the negative news is almost all centred...

Posted on 05 May 2011

April’s exports reach new Turkish record

2 May 2011 Recently released figures by TIM (the Turkish Exporters Assembly) show Turkey’s exports in April rose by 25 percent to nearly 12 Billion USD, an all time high. Turkey’s overall export performance for the first 4 months of 2011 totalled over 43 Billion USD and are firmly on...

Posted on 04 May 2011