May Istanbul

İstanbul ’most improved’ city in global survey

Istanbul has improved the most of any city since 2010 regarding various indices including economic growth and performance, quality of life and cost, and affordability, according to a recently released report by the global real estate services firm Jones Lang LaSalle (JLL). “Across six leading indices covering everything from financial

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New metro line to connect Istanbul’s Mecidiyeköy and Kabataş

The construction of a new metro line that will connect Istanbul’s two districts Mecidiyeköy and Kabataş was launched on Thursday. The line will stretch from Mecidiyeköy, a main commercial district on the European side of the city, to Kabataş, a hub of ferry ports by the Bosporus, through the upscale

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may fdi

Turkish companies make $6.8 billion worth of FDI in 2014

Turkish companies made foreign direct investments (FDI) worth a total of $6.8 billion in 2014, an increase of 89 percent from the previous year, according to a report released by the United Nations Conference on Trade and Development (UNCTAD) on May 18. The UNCTAD stated that companies in Turkey have

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Mey increase election

Turkey’s risks likely to increase after election

Everybody in Turkey is focus on the upcoming general election. What about after the election? Those economic, political and even geopolitical risks, will they lessen with the results of the June 7 vote? Will Turkey have a more predictable future? Will the uncertainty and fog disperse? Will foreign investors return?

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May modern

EU, Turkey announce modernization of Custom Union

The European Union and Turkey have agreed to upgrade their decades-old Customs Union, bringing the economies of the two closer together even as Turkey’s bid to become an EU member remains in deep freeze. Turkish Economy Minister Nihat Zeybekci and EU Trade Commissioner Cecilia Malmstrom announced on May 12 a

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May USA Dollar

Turkey, South Africa vulnerable to strong US dollar: Moody’s

Robust U.S. growth and stabilizing financing conditions will help the global economy to grow more strongly next year after muted growth in 2015, but some countries are vulnerable to negative shocks due to the strong U.S. dollar, said Moody’s Investors Service in its quarterly Global Macro Outlook report. “While prospects

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mei roadmap

Turkey, EU to approve road map to update Customs Union

Turkish Economy Minister Nihat Zeybekci has said Turkey and the EU will sign a comprehensive memorandum of understanding on May 12 to update the Customs Union agreement. This agreement will actually be a road map for both sides to renew the Customs Union, but not a final document to upgrade

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mei g20

13,000 approaching to attend G20 Summit in Nov in Turkey

Around 13,000 people, including a series of universe leaders, are approaching to attend a G20 Leaders’ Summit to be hold in Turkey’s southwestern coastal range of Antalya in Nov 2015, a province’s administrator pronounced Tuesday. “We design 12 to 13 thousand people to attend a summit. The U.S. commission alone

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Turkey aims to attract 42 million tourists in 2015

Association of Turkish Travel Agencies (TÜRSAB) Chairman Başaran Ulusoy said Turkey expects more than 42 million tourists and $35-36 billion currency inflow in 2015 despite negative developments in the neighboring countries and the economic shrinkage in Europe. Speaking to an Anadolu Agency reporter, Ulusoy stated that Turkey has mountains which

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Pierre Moscovici

EU estimates Turkey will grow faster than 24 member countries

The European Union (EU) Commission has predicted that Turkey will grow faster than 24 EU member countries, according to the Spring 2015 Economic Forecasts Report of the Commission. The report anticipates a 3.2 percent growth for Turkey this year and 3.7 percent for next year. The report was announced at

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