Investment and Development

Bonds and Funds

Investors’ trust in Turkey grows: market analysts"The (Turkish) market is likely to appreciate the results of this election,” predicts Standardbank economist.

A strong showing by the leading AK Party in Turkey's local elections on Sunday will reassure investors that there will be status quo on the economic front, says Timothy Ash, chief economist of Standardbank.

The AK Party continues to benefit from having delivered on the economic... Add a comment

Personal Finance

Foreign Investment in Turkey Reaches $1.2 bln In JanuaryTurkey´s service sector emerges as the largest recipient of international capital.

International direct investment (IDI) to Turkey reached US$1.2 billion in January 2014, a 51 percent increase from the $802 million invested the same month of the previous year, according to the Turkish Economy Ministry.

The service sector benefited the most from foreign capital with US$491 million invested... Add a comment

Expert Advice

 ‘Turkey is a good partner as its location’Muharrem Yılmaz, chairman of the Turkish Industrialists and Businessmen's Association (TUSIAD) said that relation between Turkey and China is not just about business, but also it is strategically. 

TUSIAD delegation under the chairmanship of Muharrem Yılmaz is starting to official visit in China. 

Chairman of TUSIAD, Yılmaz met with a group of Chinese journalists. He said that Turkey... Add a comment

Money

Turkey's international investment rises to $2.37bnManufacturing sector emerges as the largest recipient of international capital during January and February with $849 million.

Turkey received an international net direct investment worth  $2.37 billion in the January-February period, an increase of 27.6 percent compared with the previous year.

The country received $1.16 billion in February and $1.21 billion in January, according to data... Add a comment

Bonds and Funds

Turkey keen to grow Islamic finance: Borsa Istanbul chiefFinancial crisis offers potential for Islamic banking, conference hears.

The global financial crisis has highlighted the potential for Islamic financial products, an industry which has achieved the rapid growth in the last decade, the head of the Istanbul Stock Exchange said on Monday.

Ibrahim Turhan, head of Borsa Istanbul claimed that the global Islamic finance industry's assets were... 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

“OttomanIndians would import high-end furniture from Turkey, says ambassador to Ankara.

On the heels of India's mass elections, won convincingly by Hindu nationalist politician Narendra Modi on a pledge to revive economic growth, India's ambassador in Ankara says India is looking to Turkish exports. 

"We import a lot of furniture, a lot of leather from Italy. Turkey has a strength in high-end... Add a comment

Money

Turkey becomes a top 15 military spenderTurkey has replaced Canada to become the world’s 14th top military spender in 2013, according to figures released on April 14 by Stockholm International Peace Research Institute (SIPRI). 

The report said Turkey’s military expenditure totaled $19.1 billion last year, a share of 2.3 percent of GDP, which ranked it in 14th place in the list, up from 16th the previous year. Between 2004 and... Add a comment

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

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
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