Real estate experts say available land for housing in central Istanbul has gone, pushing investors to turn to outlying districts By Nilay Kar Onum ISTANBUL ‘Istanbul’s streets are paved with gold,’ runs a Turkish saying. This saying has rung particularly true in Turkey’s financial and cultural capital – especially over
AA photo A number of economic reforms are in the pipeline to boost the Turkish economy following the Nov. 1 elections, Turkish Finance Minister Mehmet Şimşek has said in an interview with the Financial Times. “We are looking at a large set of changes we can now make because we
By Andrew Jay Rosenbaum ANKARA Under Turkey’s presidency of the G20, the Trust for Business initiative is being put forward – a significant new proposal to enable global businesses, big and small, to work together. Reymond Voutier, head of the Washington-based Enotus think-tank which has helped to develop the initiative,
Economists say an end to political uncertainty in Turkey will lead to an inflow of foreign investment By Andrew Jay Rosenbaum ANKARA The election victory of the Justice and Development (AK) Party, which will be able to form a government without a coalition, is good news for foreign investors, experts
In a speech to leading businesspeople in Istanbul, Prime Minister Ahmet Davutoğlu has said he wants to make Turkey’s largest city into a “safe investment haven with our democracy and judicial system.” in a speech to a number of leading businesspeople in a meeting ahead of the crucial Nov. 1
Consumers have enjoyed a bout of robust pre-election spending: Standard & Poor’s ANKARA More people in Turkey are feeling positive about the future of the economy ahead of the election on Sunday, according to official figures published on Tuesday. The Economic Confidence index rose by 13 percent in October, the Turkish Statistical Institute
Government plans focus on biotech, information technology, nanotechnology as key areas to boost productivity= By Andrew Jay Rosenbaum ANKARA Turkey is planning a technology upgrade to give it a competitive edge in global markets. “The challenge for Turkey is increasing productivity and the plan is to focus on cutting-edge areas of
Commitment to fiscal discipline gets broad support despite political uncertainty ANKARA Credit agency Fitch Ratings maintained Turkey’s investment-grade credit rating and stable outlook in a note released Thursday. “Turkey’s sovereign credit profile continues to mix high exposure to global financial market conditions and other structural weaknesses with strong public finances and
The Turkish flag carrier has shown an increase of 5.1M to reach 46.5M passengers in 2015, up from 41.1million within the same period in 2014 ANKARA The number of passengers traveling with Turkish Airlines surged 12.2 percent this year between January and September compared with the same period last year,
Turkish retailing is moving from mom-and-pop shops to shopping malls, experts say By Andrew Jay Rosenbaum ANKARA The Turkish retail sector continues to grow despite low consumer confidence and a devalued lira. “Turkish retail has seen robust growth over the past few years and the trend is set to continue for at
