Investment and Development

Bonds and Funds

17 giant companies from USA come for investmentsContinuing its non-stop growth, the Turkish economy has attracted the attention of investors from the USA. 17 leading global companies operating in the field of medical technology and healthcare are visiting Turkey this week with Arun Kumar, the US Deputy Minister of Trade, in order to develop new partnerships. 16 of the companies, who will hold almost 400 business negotiations in Ankara... 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

Turkish exporters see profit from Russian ban on Western foodsTurkish companies are enjoying a rise in orders from Russia as their government eyes a lucrative long-term opportunity from Moscow's ban on imported Western foods.

Mehmet Buyukeksi, head of the Turkish Exporters Assembly (TIM), said he expected a significant increase in poultry and seafood exports to Russia, and that Turkey could also meet increased Russian demand for fruit and... Add a comment

Money

Foreign investment in Turkey reaches $4.2 bln in Q1Turkey's manufacturing sector emerges as the largest recipient of international capital.

International direct investment in Turkey reached $4.2 billion in the first quarter of 2014, the Turkish Economy Ministry has disclosed.

The figures showed a 49.6 percent increase from the $2.7 billion invested in the same period last year, according to data released.

The manufacturing sector benefited... Add a comment

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

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

Turkish economy minister sees lower rates as vital after electionsThe Turkish government will maintain its calls for lower interest rates following Prime Minister Tayyip Erdoğan’s victory in the country’s first direct presidential election, the economy minister said on Aug. 11. 

“The Central Bank’s interest rates have to come down. The Central Bank has to be ahead of the market. If you follow the market, then the market starts managing you,”... Add a comment

Money

Turkey in first agriculture investment abroad in SudanTurkey and Sudan sign deal to cooperate on agriculture, combining resources and experience to enhance production and yield exports.

Turkey and Sudan have signed a cooperation deal that will see Turkey's first investment abroad in agriculture.

Monday's agreement means the countries will set up a joint-venture company to work land in Sudan and exchange experience, Turkish Ministry of... 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

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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