News | Activities

Results 1 - 7 of 7
Page 1 of 1

---

Energy deal boosts economy

Turkey is to receive a welcome financial injection to help ease summer water shortages and boost its economy, the Turkish Daily News reports.Up to $12 billion (£6 billion) of foreign investment is expected to be invested in new hydropower plans which will be run by the State Water Authority (DSI).Tenders for 960 new plants have already been completed and 100 plants are currently under construction, as acting general manager at the DSI, Haydar Kocaker, told Reuters."All of them are expected to be built within four years," he stated."When they are completed, the private...

24-07-2007 - read more...

---

SMEs get financial boost

Nirvana International - Your reference point for Property in TurkeyTurkey is to receive a €300 million (£2.02 million) loan to improve the access of small and medium-sized (SME) companies to long-term finance.The funds are intended to encourage business development in the form of small and medium-scale projects in manufacturing and services, including tourism.The investment will be provided by the European Investment Bank (EIB) through a dedicated group facility to four state-supported intermediary financial institutions.These are the Turkiye Sinai Kalkinma Bankasi (TSKB), Turkiye...

20-07-2007 - read more...

---

Turkey top 5 investment opportunity

Nirvana International - Your reference point for Property in TurkeyTurkish property has been included in the top five list produced by leading property news provider, TheMoveChannel.com, Easier Property reports.The position reflects the number of enquiries received about moving to Turkey, which is becoming more and more of a popular choice because of its dependable climate, beautiful scenery and growing economy.Turkey has always been a popular holiday destination, but visitors are now often returning to make long-term investments in an economy which has recorded annual growth rates as high as...

19-07-2007 - read more...

---

Interest rates may fall

Nirvana International - Your reference point for Property in TurkeyA leading Turkish bank has predicted that interest rates may fall after next month's general election, Referans reports.The result of the July 22nd vote should lower borrowing costs provided the new government can end a dispute over the presidency which has kept rates high over recent months, managing director Akbank in Istanbul Suzan Sabanci Dincer said.Political stability could revive a credit boom in Turkey's economy, which is currently bigger than two-thirds of the European Union's members and would fuel consumerism in the...

10-07-2007 - read more...

---

Turkish table grape proves too successful

Nirvana International - Your reference point for Property in Turkey The vineyard industry in Turkey has been overheating recently.Turkey is already the largest table grape producer in the world, producing around one third of the table grapes consumed worldwide.Now the extension of cultivation areas of seedless varieties of table grape in Turkey has led to market saturation, according to reports, causing prices to stay down.As a result, the number of farmers interested in extending their vineyard acreage has been declining at a rapid pace, with farmers becoming increasingly interested in...

06-07-2007 - read more...

---

$500m boost for Turkish economy

Nirvana International - Your reference point for Property in TurkeyTurkey has received a huge financial boost which is set to help strengthen its economy and property market. The World Bank announced on Monday that it would provide Turkey with a $500 million (£250 million) loan to support economic reforms and boost employment.Haberin devami Ulrich Zachau, the World Bank's Turkey country director, told NBC news the loan offered a wealth of advantages. "The benefits to Turkey from this program are great: in terms of increased investment, higher productivity and, most importantly, more...

04-07-2007 - read more...

---

Turkey's 'spectacular economic recovery'

The current financial situation enjoyed by Turkey has been described as a "spectacular economic recovery" by AFX financial news services. The acclaim followed figures published by the Turkish Statistics Institute, which showed Turkey's economy grew by 6.7 per cent in the first quarter of 2007, compared to the same period in 2006.The figure measured the change in gross national product which includes the output of millions of Turkish workers abroad, but an increase in growth domestic product (GDP) was also recorded.According to the results, GDP, which covers only goods and services...

02-07-2007 - read more...

1