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Tag Archives: Trends

Turkey Plans Continued Economic Surge

A draft for Turkey's 10th 5-year economic development plan has been sent to Parliament. According to the plan Turkey will reach an annual growth rate of 5.5%, have a 4.5% inflation rate, and a 7.2% unemployment rate by the end of 2018. The Ministry of Development plans to meet the...

Posted on 18 June 2013

Turkish Foreign Trade Deficit Declined in November

According to figures from the Turkish Statistical Institute, Turkey's foreign trade deficit fell by 5.5% in November, declining from $7.57 billion to $7.16 billion compared to November 2011. In spite of the decline appearing to be quite significant, it didn't impress investors as it was below market expectations. Turkish exports...

Posted on 04 January 2013

Internet investors looking at Turkey

Istanbul, 24 February 2012 - Turkey’s online sector is attracting the eyes of the investors with a range of global companies buying in Turkey; South Africa's Naspers has taken a majority stake in the e-commerce site Markafoni; eBay has bought online marketplace GittiGidiyor; Amazon.com has taken a stake in the...

Posted on 24 February 2012

Is the EU missing out by its attitude toward Turkey?

Istanbul, 23 February 2012 - Mr Egemen Bagis, Turkey's EU Minister, speaking at the 68th Meeting of Turkey - EU Joint Parliament Commission being in Istanbul said 2012 will be a tough year for Turkey’s EU membership process because Greek Cyprus would be the president of the rotating EU Presidency...

Posted on 24 February 2012

Turkey’s unemployment down for second month running

Istanbul, 16 February 2012 - The Turkish Statistical Institute has announced that for the second month in a row the Turkish unemployment rate has fallen. The rate for November 2011 fell to 9.1 percent which also compares with 11 percent for November 2010. The total number of unemployed is just...

Posted on 17 February 2012

Turkey’s tourism income up by 10 percent

Istanbul, 31 January 2012 - According to Turkish Statistical Institute Turkey’s tourism income rose by over 10 percent in 2011 (from 2010) reaching 23 billion USD. The UN World Tourism Organization ranks Turkey seventh in the world for the most visited destination. With the number of visitors to Turkey increasing...

Posted on 31 January 2012

Turkey’s Foreign Direct Investment up 70% in 2011

19 January 2012, Gaziantep - Speaking in the SE city of Gaziantep, Mr Ilker Ayci, President of Turkey’s 'Investment Support and Promotion Agency', said “Turkey has attracted 70 percent more FDI in the first 11 months of 2011 over the same period of the preceding year, reaching USD 12.1 billion”...

Posted on 19 January 2012

Foreign visitors flock to Istanbul

6 January 2012, Istanbul - In 2011 Turkey received over 30 million visitors making it the 7th most popular destination in the world. Of this 30 million 8 million people visited the stunning city of Istanbul according its Culture and Tourism department number. This number shows an increase of over...

Posted on 06 January 2012

“Istanbul is one of the most exciting and interesting cities of Europe, if not the world”

3 January 2012, Ankara  - The man who coined the phrase BRIC economies the world renowned economist and Chairman of Goldman Sachs Asset Management Mr Jim O’Neill predicts the next 10 years will see another set of emerging powers including Turkey taking over. In a recent interview O’Neill said “If...

Posted on 03 January 2012

Turkey’s construction sector hits new record

26 October 2011, Istanbul - According to Turkey’s GOYDER (the Association of Real Estate Investment Companies) there was a record breaking 1.8 million people employed in the construction business during the period 1 April to 30 June 2011, an increase of over thirteen percent. In the same period property sales...

Posted on 26 October 2011