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Tag Archives: Growth

Turkey’s unemployment drops again

18 October 2011, Istanbul - According to data released by TurkStat (Turkish Statistics Institute) Turkey’s unemployment has fallen to just over 9 percent for July 2011, down from 10.6 percent for the same period in 2010. The data revealed employment increased by nearly 1.5 million to reach 24.95 million employed....

Posted on 18 October 2011

Turkey’s tax incentives for new technoparks

14 October 2011,  Istanbul - Speaking at IBM’s Software Summit in Istanbul, Nihat Ergun, Turkey’s Minister of Industry, Science and Technology, described Turkey’s “Silicon Valley” vision. Turkey is to build technoparks which will be exclusively for high tech companies engaged in telecoms, software development, ecosystems and technical R&D, the first...

Posted on 14 October 2011

Turkey tops G20 for job creation over last 3 years

27 September 2011, Turkey – According to a recent ILO (International labour Organisation) report over the last 3 years Turkey sits on top of the G20 list for job creation ( Q1 2008 to Q1 2011). The report, produced in conjunction with OECD (Organisation for Economic Co-operation and Development), reported...

Posted on 27 September 2011

Turkey’s income per capita increases to top 10

18 July 2011 - According to a recent Economist Intelligence Unit report, Turkey now has an income per capita of over 10,000 USD making it the 6th highest country in the world where the population exceeds 70 million inhabitants. The report indicates Turkey isnow  in the same league as Germany, US...

Posted on 18 July 2011

Turkish Airlines Now Fourth Largest Carrier in Europe

This year Turkey has been named as the number one hottest investment destination by Write About Property and the number one tourism destination by Homes Overseas. To add to this list of accolades: Turkish Airlines is now the fourth largest flagship airline in Europe after Lufthansa, Air France and British...

Posted on 06 January 2011

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

Turkey a Rising Star in Europe as Firms Invest Heavily

Mark Mobius, chairman of Templeton Asset Management's emerging markets group, who oversees 34 billion US Dollars worth of investments, has said that Templeton is planning to invest 250 million USD in Turkish equities very soon, as Turkish stocks are by far the most attractive of Europe's emerging markets, he said....

Posted on 01 October 2010

Turkish GDP Grows 10.3% in Second Quarter – 3rd Fastest in World

This week saw Turkstat release figures for Turkish Gross Domestic Product growth in the second quarter and we have not been disappointed -- not by much anyway. According to Turkstat, Turkish GDP grew 10.3% year on year in the second quarter, following the massive 11.7% year on year growth recorded...

Posted on 15 September 2010