The Turkish government recently extended tax exemptions for investors to the auto industry, but as yet analysts are unsure of the effect this will have. They are unsure as to whether this will help increase domestic production of vehicle components, or if it will help the government finally realise its dream of producing a fully [...]
Read more>>>Ratings agency Fitch has finally bitten the bullet and done what Turkey and its AK Party has wanted, hoped for and frankly expected of it and the other ratings agencies… You guessed it, Fitch has given Turkey an upgrade to investment rating. Specifically, Fitch upgraded Turkey’s long-term foreign currency Issuer Default Rating (IDR) to ‘BBB-’ [...]
Read more>>>The Turkish economy was officially the fastest growing in Europe in 2011, with a GDP growth rate of 6.6%, following the growth of 8.2% in 2010, but now the government is predicting a slowdown to around 4% this year and some doomsayers are predicting much worse. This may worry some sectors but the property sector [...]
Read more>>>This is a hot question at the moment. Brazil and Turkey are two of the hottest, most talked about economies and property markets in the world, and two of the top choices for private investors in residential property overseas. The truth is that there is very little to choose between them. Both have the core [...]
Read more>>>It’s official, Turkey is the fastest growing economy, not only in Europe, but in the Organisation for Economic Cooperation and Development including most of Europe plus the US, Japan, Canada, and South Korea among others. Turkstat has just released year end data showing that Turkish GDP expanded by 8.5% in 2011, after a slower 5.2% [...]
Read more>>>When the AK Party was elected to lead Turkey in 2002 it was known as the sick man of Europe because of the poor health of its economy. Among its biggest problems were soaring inflation, a violent boom/bust cycle and rampant corruption caused by the military’s influence in government (big contracts given to company owned [...]
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