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Tag Archives: news

Turkey Most Suitable Candidate for Seat on IMF Executive Board

With each passing week and month Turkey continues to impress investors more and more. The Turkish economy is now one of the fastest growing economies in the world. The latest news is that Turkish exports increased by a further 5.5% year on year in September, to 8 950 Million USD....

Posted on 28 October 2010

Moody’s Finally Opts to do the Decent Thing on Turkish Bonds

"Moody's finally, finally opted to do the decent thing," said Tim Ash head of emerging-market research at Royal Bank of Scotland Group Plc in London, in response to the ratings agency changing the outlook on Turkey’s Ba2 local and foreign-currency government bond ratings to “positive” from “stable,”. This isn't the...

Posted on 06 October 2010

Danske Bank Raises Forecast on Turkish Economy

As if running on from recent reports that trade and investment between the United Arab Emirates and Turkey is returning to pre-crisis levels, Danish bank Danske Bank (one of the leading banks in Europe) has cited investment levels in Turkey rising to pre-crisis levels as one of the reasons for...

Posted on 30 September 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

Turkey Admission into Europe to be Electric this Month

Turkey maybe struggling to become a full member of the European Union, but they have successfully gained their entry into the European Electric Grid. Currently the European Union shares a combined electricity grid, with the exception of the UK, Finland, Norway, Sweden, and, of course Turkey, that is until now....

Posted on 08 September 2010

Turkish Central Bank Leaves Rate Unchanged

The Turkish Central Bank’s Monetary Policy Board kept the benchmark interest rates unchanged Thursday, with the overnight borrowing rate at 6.50 percent and lending rate at 9 percent. This is positive news for anyone considering buying a property in Turkey. Because Turkey made banking reforms in the 2001 crisis, liquidity...

Posted on 20 August 2010

Marriott Chooses Istanbul to Try New Boutique Model

International hotel Chain Marriott International has made a massive testament to Turkey's status as one of the world's leading tourism destinations, and more so to Istanbul's growing demand for luxury hotel accommodation. In 2007, Marriott announced a partnership with Ian Schrager -- credited as the man who popularised the boutique...

Posted on 11 June 2010

Turkish Textile Industry Receives Record Orders – Clear Sign of Global Recovery

Turkey's textile industry has received record orders, in one of the clearest signs yet that the global economic recovery is underway. Yes, you are forgiven for thinking, what? And yes, you are right, record orders in the Turkish textile industry is the kind of headline you can easily skip right...

Posted on 17 December 2009