Moody's lifts Turkey's sovereign credit rating to investment grade
Friday, May 17, 2013 Money
Turkey earned its second investment-grade credit rating on Thursday with an upgrade to Baa3 by Moody's Investors Service, a factor that now allows more investors to put money to work in an economy whose rapid growth has recently tapered. Moody's said the decision to lift the rating one notch and put a stable outlook…
Turkey pays off the last installment of its debt to IMF
Friday, May 17, 2013 Finance
Turkish Deputy Prime Minister Ali Babacan pushed the button for paying off the last installment of its debt to International Monetary Fund (IMF) on Tuesday, and Turkey additionally committed IMF to extend USD 5 billion loan. The last instalment of Turkey's debt to IMF was transferred by Babacan and the Undersecretary…
Global economy-finance sector conference in Istanbul
Friday, May 17, 2013 Finance
The 10th Eurasia Business and Economics Society (EBES) Conference will bring 500 academicians, experts and bureaucrats from 58 countries in Istanbul. EBES conferences gather leaders of economy and finance sectors in Istanbul every year. This year's EBES will be held in association with Istanbul Economic Research…
Dogus Holding wins Galataport bid
Friday, May 17, 2013 Enterprise
Dogus Holding has given Thursday the highest offer of USD 702 million for Istanbul's Galataport (Salipazari) bid. The bid sets forth a thirty years period of time for the transfer of operating right. Galataport, known as Salipazari port, was one of the 10 most resorted cruise harbors of Mediterranean Sea in 2011 with…
Turkey to grow economically in Balkans
Friday, May 17, 2013 Europe
Turkey on Tuesday signed a declaration to establish a trilateral trade commission with Serbia and Bosnia-Herzegovina in the Turkish capital Ankara. Turkish Economy Minister Zafer Caglayan met Serbia's Deputy Prime Minister & Minister of Foreign and Domestic Trade and Telecommunications Rasim Ljalij and Mirko Sarovic,…
RECENT STORIES
May 17, 2013
Moody's lifts Turkey's sovereign credit rating to investment grade
Turkey earned its second investment-grade credit rating on Thursday with an upgrade to Baa3 by Moody's Investors Service, a factor that now allows more…
May 17, 2013
Turkey pays off the last installment of its debt to IMF
Turkish Deputy Prime Minister Ali Babacan pushed the button for paying off the last installment of its debt to International Monetary Fund (IMF) on Tuesday,…
May 17, 2013
Global economy-finance sector conference in Istanbul
The 10th Eurasia Business and Economics Society (EBES) Conference will bring 500 academicians, experts and bureaucrats from 58 countries in Istanbul. EBES…
May 17, 2013
Dogus Holding wins Galataport bid
Dogus Holding has given Thursday the highest offer of USD 702 million for Istanbul's Galataport (Salipazari) bid. The bid sets forth a thirty years period of…
May 17, 2013
Turkey to grow economically in Balkans
Turkey on Tuesday signed a declaration to establish a trilateral trade commission with Serbia and Bosnia-Herzegovina in the Turkish capital Ankara. Turkish…
Turkey should focus more on Middle Eastern, African markets
May 17, 2013 in Middle East
Turkish Deputy Prime Minister for economy Ali Babacan has said Turkey should focus on the markets in Middle East and Africa as much as Europe since the sales…
Turkish Deputy Prime Minister for economy Ali Babacan has said Turkey should focus on the markets in Middle East and Africa as much as Europe since the sales…
Turkey scores top grades in investor confidence
May 10, 2013 in Expert Advice
Solid economic growth along with political stability has topped international investors’ confidence in Turkey, according to auditing and consultancy firm Ernst…
Solid economic growth along with political stability has topped international investors’ confidence in Turkey, according to auditing and consultancy firm Ernst…
Millionaire numbers in Turkey grow by 23% in 2012
May 10, 2013 in Money
As of 2012, there are just over 94,000 millionaires (HNWIs) in Turkey. These HNWIs hold US$500 billion in wealth, 43% of the total individual wealth held in…
As of 2012, there are just over 94,000 millionaires (HNWIs) in Turkey. These HNWIs hold US$500 billion in wealth, 43% of the total individual wealth held in…
Turkey is 9th least corrupt in Europe out of 36 according to Ernst&Young
May 10, 2013 in Europe
A 28-page report titled "Europe, Middle East, India and Africa Fraud Survey 2013" which was prepared by the Ernst & Young ranked Turkey the ninth least corrupt…
A 28-page report titled "Europe, Middle East, India and Africa Fraud Survey 2013" which was prepared by the Ernst & Young ranked Turkey the ninth least corrupt…
Turkey's crazy "Canal Istanbul" project has begun
![](/modules/mod_raxo_allmode/tools/tb.php?src=/images/stories/canal-istanbul.jpg&w=150&h=78&zc=1 "Turkey's crazy "Canal Istanbul" project has begun")
May 10, 2013 in Expert Advice
Official planning work on a new shipping canal to connect the Black Sea to the Aegean -- a project dubbed by critics and advocates alike as Turkey's "crazy…
Official planning work on a new shipping canal to connect the Black Sea to the Aegean -- a project dubbed by critics and advocates alike as Turkey's "crazy…
Automotive exports of Turkey up 9% in April
May 10, 2013 in Automotive
Turkey’s export of automotive products has reached USD 1.7 billion in April, up 9 percent compared to the same month of the previous year. According to figures…
Turkey’s export of automotive products has reached USD 1.7 billion in April, up 9 percent compared to the same month of the previous year. According to figures…
Turkey/MENA Deal Update: Q1 2013
May 07, 2013 in Enterprise
The number of merger and acquisition (M&A) operations in Turkey during the January-March period has reached 73, creating a total volume of USD 8 billion,…
The number of merger and acquisition (M&A) operations in Turkey during the January-March period has reached 73, creating a total volume of USD 8 billion,…
Turkey is set to zero out its debt to the IMF by May 2013
May 07, 2013 in Finance
Turkey's 52-year-old affair with the International Monetary Fund will make a dramatic turn as the country prepares to cut its debt to the IMF to zero later…
Turkey's 52-year-old affair with the International Monetary Fund will make a dramatic turn as the country prepares to cut its debt to the IMF to zero later…
Start-ups in Istanbul rise 17.7% in Q1
May 07, 2013 in Enterprise
The increase highlights confidence in Turkey's economy, head of Istanbul Chamber of Commerce said. The number of business start-ups in Istanbul, Turkey's main…
The increase highlights confidence in Turkey's economy, head of Istanbul Chamber of Commerce said. The number of business start-ups in Istanbul, Turkey's main…
Istanbul to host Child and Youth Finance International Summit
May 07, 2013 in Finance
Second Child and Youth Finance International (CYFI) Summit, established in order to strengthen children's and youth's individual abilities through financial…
Second Child and Youth Finance International (CYFI) Summit, established in order to strengthen children's and youth's individual abilities through financial…
Turkish armored vehicles outstand at International Defense Industry Fair
May 07, 2013 in Enterprise
Turkish armored vehicles "Varan" and "Simsek," equipped with the latest technology, were among the outstanding vehicles at the 11th International Defense…
Turkish armored vehicles "Varan" and "Simsek," equipped with the latest technology, were among the outstanding vehicles at the 11th International Defense…
Turkish consortium wins tender for third Istanbul airport for 22.15 billion euros
May 03, 2013 in Enterprise
A consortium of Turkish construction firms won a tender on Friday to build and operate Istanbul's planned third airport, outbidding rivals including Turkey's…
A consortium of Turkish construction firms won a tender on Friday to build and operate Istanbul's planned third airport, outbidding rivals including Turkey's…
Turkey to kick off two giant energy projects
May 03, 2013 in Energy
Two major investment projects worth tens of billions of dollars that have central roles to play in Turkey’s 2023 goals are expected to be initiated today as…
Two major investment projects worth tens of billions of dollars that have central roles to play in Turkey’s 2023 goals are expected to be initiated today as…
Chinese Texhong to invest USD 180 million in Turkey
May 03, 2013 in Enterprise
Chinese textile producer Texhong will invest USD 180 million in Turkey’s western province of Balikesir. A major name in China in textile production, Texhong…
Chinese textile producer Texhong will invest USD 180 million in Turkey’s western province of Balikesir. A major name in China in textile production, Texhong…
Free Trade Agreement between Turkey and South Korea takes effect
May 03, 2013 in Asia
The free trade agreement (FTA) between Turkey and South Korea, signed last year, has come into effect as of May 1, paving the way for increased trade and…
The free trade agreement (FTA) between Turkey and South Korea, signed last year, has come into effect as of May 1, paving the way for increased trade and…
Turkey earned its second investment-grade credit rating on Thursday with an upgrade to Baa3 by Moody's Investors Service, a factor that now allows more investors to put money to work in an economy whose rapid growth has recently tapered. Moody's said the decision to lift the rating one notch and put a stable outlook on the credit was based upon structural improvements in the economy... Add a comment
Dogus Holding has given Thursday the highest offer of USD 702 million for Istanbul's Galataport (Salipazari) bid. The bid sets forth a thirty years period of time for the transfer of operating right. Galataport, known as Salipazari port, was one of the 10 most resorted cruise harbors of Mediterranean Sea in 2011 with 420 ships and more than 627 thousand 897 passengers. Market share of the...
Add a comment
The 10th Eurasia Business and Economics Society (EBES) Conference will bring 500 academicians, experts and bureaucrats from 58 countries in Istanbul. EBES conferences gather leaders of economy and finance sectors in Istanbul every year. This year's EBES will be held in association with Istanbul Economic Research Foundation (IEAD), Turkey's Central Bank and Bourse Istanbul between May 23 and...
Add a comment
Turkish Deputy Prime Minister for economy Ali Babacan has said Turkey should focus on the markets in Middle East and Africa as much as Europe since the sales of Turkish goods to those countries had increased. Babacan attended "EVTEKS-Istanbul Home Textile Fair" at CNR EXPO in Istanbul and said the EVTEKS-Istanbul Home Textile Fair was the biggest fair in the world.
"These fairs are... Add a comment
Turkish Deputy Prime Minister Ali Babacan pushed the button for paying off the last installment of its debt to International Monetary Fund (IMF) on Tuesday, and Turkey additionally committed IMF to extend USD 5 billion loan. The last instalment of Turkey's debt to IMF was transferred by Babacan and the Undersecretary of Treasury Halil Canakci at Turkish Central Bank in Ankara.
Babacan... Add a comment
Turkey on Tuesday signed a declaration to establish a trilateral trade commission with Serbia and Bosnia-Herzegovina in the Turkish capital Ankara. Turkish Economy Minister Zafer Caglayan met Serbia's Deputy Prime Minister & Minister of Foreign and Domestic Trade and Telecommunications Rasim Ljalij and Mirko Sarovic, Minister of Foreign Trade and Economic Relations of...
Add a comment
Solid economic growth along with political stability has topped international investors’ confidence in Turkey, according to auditing and consultancy firm Ernst & Young’s (E&Y) recently released Turkey Attractiveness Survey 2013. Examining Turkey’s appeal as an investment destination, the survey’s findings reflect the growing confidence in Turkey’s investment climate and...
Add a comment
As of 2012, there are just over 94,000 millionaires (HNWIs) in Turkey. These HNWIs hold US$500 billion in wealth, 43% of the total individual wealth held in the country. This proportion is well above the worldwide average of 29%, indicating a relatively uneven spread of wealth in the country. In 2012, Turkish HNWI numbers rose by 23.2%, following a drop of 6.1% in 2011.
Turkish HNWIs... Add a comment
A 28-page report titled "Europe, Middle East, India and Africa Fraud Survey 2013" which was prepared by the Ernst & Young ranked Turkey the ninth least corrupt out of 36 countries in a survey of business leaders of 3,459 firms in those countries. The survey revealed that 96 percent of firms in Slovenia reported some form of illegal activity in regular business activities. The number was...
Add a comment
Official planning work on a new shipping canal to connect the Black Sea to the Aegean -- a project dubbed by critics and advocates alike as Turkey's "crazy project" -- is officially under way, Turkish Deputy Prime Minister Ali Babacan said on Thursday. Speaking to reporters in Ankara, Babacan said that the construction and operating rights to 30-mile canal, which will be built on the western...
Add a comment
Moody's lifts Turkey's sovereign credit rating to investment grade
Monday, 20 May 2013 00:53
Turkey earned its second investment-grade credit rating on Thursday with an upgrade to Baa3 by Moody's Investors Service, a factor that now allows more investors to put money to work in an economy whose rapid growth has recently tapered. Moody's said the decision to lift the rating one notch and put a stable outlook on the credit was based upon structural improvements in the economy... Add a comment
Dogus Holding wins Galataport bid
Monday, 20 May 2013 00:53
Dogus Holding has given Thursday the highest offer of USD 702 million for Istanbul's Galataport (Salipazari) bid. The bid sets forth a thirty years period of time for the transfer of operating right. Galataport, known as Salipazari port, was one of the 10 most resorted cruise harbors of Mediterranean Sea in 2011 with 420 ships and more than 627 thousand 897 passengers. Market share of the...
Add a comment
Global economy-finance sector conference in Istanbul
Monday, 20 May 2013 00:53
The 10th Eurasia Business and Economics Society (EBES) Conference will bring 500 academicians, experts and bureaucrats from 58 countries in Istanbul. EBES conferences gather leaders of economy and finance sectors in Istanbul every year. This year's EBES will be held in association with Istanbul Economic Research Foundation (IEAD), Turkey's Central Bank and Bourse Istanbul between May 23 and...
Add a comment
Turkey should focus more on Middle Eastern, African markets
Monday, 20 May 2013 00:53
Turkish Deputy Prime Minister for economy Ali Babacan has said Turkey should focus on the markets in Middle East and Africa as much as Europe since the sales of Turkish goods to those countries had increased. Babacan attended "EVTEKS-Istanbul Home Textile Fair" at CNR EXPO in Istanbul and said the EVTEKS-Istanbul Home Textile Fair was the biggest fair in the world.
"These fairs are... Add a comment
Turkey pays off the last installment of its debt to IMF
Monday, 20 May 2013 00:53
Turkish Deputy Prime Minister Ali Babacan pushed the button for paying off the last installment of its debt to International Monetary Fund (IMF) on Tuesday, and Turkey additionally committed IMF to extend USD 5 billion loan. The last instalment of Turkey's debt to IMF was transferred by Babacan and the Undersecretary of Treasury Halil Canakci at Turkish Central Bank in Ankara.Babacan... Add a comment
Turkey to grow economically in Balkans
Monday, 20 May 2013 00:53
Turkey on Tuesday signed a declaration to establish a trilateral trade commission with Serbia and Bosnia-Herzegovina in the Turkish capital Ankara. Turkish Economy Minister Zafer Caglayan met Serbia's Deputy Prime Minister & Minister of Foreign and Domestic Trade and Telecommunications Rasim Ljalij and Mirko Sarovic, Minister of Foreign Trade and Economic Relations of...
Add a comment
Turkey scores top grades in investor confidence
Monday, 20 May 2013 00:53
Solid economic growth along with political stability has topped international investors’ confidence in Turkey, according to auditing and consultancy firm Ernst & Young’s (E&Y) recently released Turkey Attractiveness Survey 2013. Examining Turkey’s appeal as an investment destination, the survey’s findings reflect the growing confidence in Turkey’s investment climate and...
Add a comment
Millionaire numbers in Turkey grow by 23% in 2012
Monday, 20 May 2013 00:53
As of 2012, there are just over 94,000 millionaires (HNWIs) in Turkey. These HNWIs hold US$500 billion in wealth, 43% of the total individual wealth held in the country. This proportion is well above the worldwide average of 29%, indicating a relatively uneven spread of wealth in the country. In 2012, Turkish HNWI numbers rose by 23.2%, following a drop of 6.1% in 2011. Turkish HNWIs... Add a comment
Turkey is 9th least corrupt in Europe out of 36 according to Ernst&Young
Monday, 20 May 2013 00:53
A 28-page report titled "Europe, Middle East, India and Africa Fraud Survey 2013" which was prepared by the Ernst & Young ranked Turkey the ninth least corrupt out of 36 countries in a survey of business leaders of 3,459 firms in those countries. The survey revealed that 96 percent of firms in Slovenia reported some form of illegal activity in regular business activities. The number was...
Add a comment
Turkey's crazy "Canal Istanbul" project has begun
Monday, 20 May 2013 00:53
Official planning work on a new shipping canal to connect the Black Sea to the Aegean -- a project dubbed by critics and advocates alike as Turkey's "crazy project" -- is officially under way, Turkish Deputy Prime Minister Ali Babacan said on Thursday. Speaking to reporters in Ankara, Babacan said that the construction and operating rights to 30-mile canal, which will be built on the western...
Add a comment
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