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Tag Archives: Babacan

Turkey To Ease Residence Permit Rules for Foreign Buyers

According to a statement by Turkish deputy PM Ali Babacan, the country is set to make further accessions to attract foreign property buyers, potentially including longer residency visas for foreign buyers. "Turkey should be more tolerant toward foreigners who buy houses and spend substantial amounts of money to spend time...

Posted on 15 March 2013

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

Turkish Property Benefits from Economic Strength

Turkey is finally getting the attention it deserves, as its economy powers out of recession among the strongest in Europe. Thursday saw a senior International Monetary Fund official announce that Turkey weathered the global economic recession successfully. "We believe that Turkey has weathered the crisis successfully," said Caroline Atkinson, director...

Posted on 16 April 2010

Turkish Economy Rebounds Strongly from Recession

Turkey’s economic recovery is gathering pace and it won’t be a surprise if first-quarter figures show that output grew 10 percent or more from a year earlier, Deputy Prime Minister Ali Babacan said. Turkish manufacturers are building up stocks, reflecting their confidence in the economic outlook, and companies’ order books...

Posted on 03 April 2010