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IMF Turkish economy set to grow

The International Monetary Fund (IMF) has said that Turkey's economy is set to grow even further, with its gross domestic product (GDP) set to expand.In the fund's World Economic Outlook database, the latest figures show that its GDP at purchasing power parity (PPP) will hit US$750 billion (£375 billion), while its GDP at PPP per capita will be $10,177 (£5,110) for the first time next year.This is good news for anyone with investment property in Turkey as an expanding economy is attractive to both tourists and investors, driving up demand for homes and thus prices.Turkey's GDP has...

30-04-2007 - read more...

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Customs union helping Turkeys economy

The customs union between the EU and Turkey has helped drive both Anatolia's and the trading bloc's economy, the undersecretary of the EU Delegation of the European Commission to Turkey has said.Ulrike Hauer said that the EU and Turkey were enjoying good levels of trade and that this had helped Anatolia decrease its trade benefit with the bloc, a move likely to improve the economy and thus benefit anyone with investment property in Turkey as this would help increase prices."Turkey's trade deficit declined to 20 per cent from 60 per cent during its trade with the EU," she...

27-04-2007 - read more...

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Turkeys economy boosted by stability

An economics expert at a respected US university has praised the stability of Turkey's economy and its ability to attract foreign direct investment (FDI).Steve Hanke of Johns Hopkins University told the Istanbul Trade Gazette that "stability may not be everything, but without it everything becomes nothing"."The stability and growth brought an international investment environment that urges taking risks and important privatisations. It provided mobility for the FDI flowing into Turkey. This is good news," he stated.However, the man who often writes for international...

19-04-2007 - read more...

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Turkeys economy boosting thanks to German investment

Turkey's economy has received a boost from Germany, the most powerful economic power in the EU.Chancellor Angela Merkel said at the Turkish-German Business Summit in Hanover that she was pleased to see the cooperation between the two nations, something that was helping all aspects of Anatolia's economy, from its industry to the market for property in Turkey.While praising the links in the automotive industry, Ms Merkel urged both countries not to get complacent about the economic growth they were experiencing."The world is not waiting for either Germany or Turkey. We will have serious...

17-04-2007 - read more...

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Turkey competition a success story deems US trade commissioner

Turkey's competition authority has been deemed one of the top five success stories of the past 25 years by a US trade commissioner who praised its self-assessment abilities.William Evan Kovacic, commissioner of the Federal Trade Commission of the United States, told the Turkish Daily News on the eve of the tenth anniversary of the authority's inception that it had put in a great performance in the past decade."People ask who have been the success stories and I say the Turkish Competition Authority is one of them," said Mr Kovacic, praising an authority which has helped make the...

16-04-2007 - read more...

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