Investment and Development

Bonds and Funds

Turkey made difference on employmentTurkey increased its employment by 22,7 percent for last 6 years and took first place between developed and developing 32 countries.

According to data compiled from International Monetary Fund (IMF) and Turkish Statistical Institute (TUİK), Turkey has been the highest enhancer country in employment between 32 countries since 2008.

By the November of 2013, the number of employee reached 25... Add a comment

Personal Finance

Recordati investing USD 50 million in new Turkish plant – ISPAT PresidentItaly’s Recordati, a leading maker of medicinal products, is expanding its presence in Turkey with a new manufacturing plant. The USD 50 million investment project, implemented in cooperation with the Investment Support and Promotion Agency of Turkey (ISPAT), will significantly increase Recordati’s manufacturing capacity to meet the needs of both the domestic and regional... Add a comment

Expert Advice

Benefits to be had from Istanbul becoming a financial centerBritish Ambassador to Turkey says that Istanbul becoming a major financial center would benefit Europe and the U.K.

British Ambassador to Turkey, Richard Moore thinks London and Europe can benefit from Istanbul becoming an international finance center.

Speaking to Anadolu Agency, Moore said Turkey and the U.K. have a bright future in terms of economic relations and both countries have set... Add a comment

Money

French BNP Paribas shifts investments to Turkey  Turkey continues to be the preferred choice of destination for foreign investors. Being closely monitored by many international companies, Turkey is seen as the most favorable country for investments in many fields, particularly in the finance sector. French banking giant BNP Paribas is the latest addition to the list of foreign companies that have decided to shift their investments to... Add a comment

Bonds and Funds

Turkey’s inflation rates announcedTurkish Statistical Institute released Domestic Producer Price Index (D-PPI) and Consumer Price Index (CPI).

According to data, a rise in general index was realized in the Domestic Producer Price Index (D-PPI) on the previous month basis by 1.38 percent, and on December of the previous year basis by 4.75 percent, on same month of the previous year by 12.40 percent and on the twelve months... Add a comment

Personal Finance

Consumer Confidence Index to increaseConsumer confidence index increased by 2,6% percent in November compared to previous month and reached 77,5. 

According to results of Turkey Statistical Institute. the index of general economic situation expectation in the next 12 months which was 95.8 in September increased by 6 percent compared to the previous month and became 101.6 in October. Also This figure increased by 5,6% and... Add a comment

Expert Advice

Turkey’s investment appeal strong amid global competition: ISPAT President Compiled from news services - Turkey’s investment appeal is getting stronger despite the harsh competition from around the world to attract foreign direct investments (FDI), according to the Investment Support and Promotion Agency of Turkey (ISPAT) President, Ilker Ayci.

Attending a session entitled “Investing in Turkey: Risks and Opportunities 2014” at the annual Uludag Economy... Add a comment

Money

Chinese truck maker considers investing in Turkey Heavy commercial vehicle manufacturer Sinotruk is looking into investing in Turkey. Invited by the Ministry of Economy, Sinotruk company officials are on a visit to Turkey to assess the country’s investment opportunities in the automotive sector and hold talks with local industry associations.

Manufacturing trucks, military vehicles, and buses in China under a MAN license, Sinotruk is... Add a comment

Bonds and Funds

5,802 new companies established in Turkey in January5,802 new companies were established in Turkey in January and in the same month 2,564 companies went out of business.

5,802 new companies were established in Turkey in January and in the same month 2,564 companies went out of business, the Union of Chambers and Commodity Exchanges of Turkey (TOBB) said in a report published on Friday.

According to TOBB, the number of newly established... Add a comment

Personal Finance

Consumer loans reached 229.5 billion TL in TurkeyAs of October 8, consumer loans of deposit banks rose 229 billion 483 million 954 thousand TL by 0.54% increase. Credit card usage decreased by 1.07 percent and declined 89 billion 788 million 87 thousand. 

The Central Bank of the Republic of Turkey Weekly Money and Banking statistics, consumer loans of deposit banks rose 229 billion 483 million 954 thousand TL by 0.54% increase between... Add a comment
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