Turkey, especially in the last 30 years, with development and reforms has paved its way to the EU, which facilitates a stronger and enduring economy. During this period structural changes in capital markets have been developed, a key to an open market. Turkey is applying European Union common standarts in industry. There are studies to
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economy
May 18, 2017
April 14, 2017
TURKEY- IRAN RELATIONS
Iran is an important neighbor for Turkey, sharing a border of about 560 km for the last 400 years. For both countries there is a relation in the aim of bilateral relations on the basis of non-interference, mutual respect and good neighborhood principles. Especially with the high-level of vists held correspondingly, it is aimed to
October 6, 2016
Fitch predicts continuous growth, decrease in inflation for Turkish economy
Fitch Ratings released a report Monday in which it said it predicts continuous growth for Turkish economy for the next three years. In its Global Economic Outlook for September, Fitch forecasted the Turkish economy to grow by 3 percent in 2016, 3.2 percent in 2017, and 3.5 percent in 2018.
September 30, 2016
Turkey to maintain structural economic reforms, Deputy PM says
Turkey will continue to make structural economic reforms and maintain fiscal discipline, Deputy Prime Minister Mehmet Şimşek said Saturday. About the Turkish economy’s resilience, he said: “The fundamentals of Turkey are solid. Our economy grew 5.2 percent in the post-global financial crisis era regardless of lots of domestic and international shocks.”
September 20, 2016
Turkey runs $1.64-bln budget surplus
Turkey’s government ran a budget surplus of 3.6 billion Turkish Liras ($1.2 billion) in August and 4.9 billion liras ($1.64 billion) in January-August, said Finance Minister Naci Ağbal on Sept. 19. “Public finance is the main anchor that the foundation of the solid Turkish economy rests on,” he said in a statement. The government revenues
August 25, 2016
New investment incentive system in Turkey aims to attract foreigners
The government plans to establish a new incentive system to attract foreign investment to Turkey, Development Minister Lütfi Elvan said Thursday. With the new system, a project-based support mechanism will be created. Speaking to Anadolu Agency, the minister also added that after negotiation by the Economy Ministry with any firm wanting to invest in Turkey,
June 28, 2016
Turkey’s TAV breaks ground on new Tbilisi Airport terminal
The operator of Tbilisi Airport, TAV Airports, has said it broke ground on the airport’s new terminal in a ceremony attended by Georgian Prime Minister Giorgi Kvirikashvili, in written statement on June 27. Kvirikashvili presented to TAV Airports President & CEO Sani Şener the State Medal of Distinguished Service for his contributions to the country, according
June 13, 2016
Turkish economy grows 4.8 percent in first quarter
Turkey’s economy grew a larger-than-expected 4.8 percent in the first quarter of 2016, official data showed on June 10, outperforming major emerging markets peers, as wage hikes and spending by Syrian migrants fueled private consumption, according to analysts. Deputy Prime Minister Mehmet Şimşek said the figures showed the economy was on a strong path and
June 9, 2016
Turkey to offer ‘whatever it takes’ for strategic investments, including 20 tax-free years
Turkey will do “whatever it takes,” including specialized incentives and a 20-year tax holiday, to make it possible for strategically crucial investments to be realized in a number of sectors, Economy Minister Nihat Zeybekci has said in an interview with Reuters. “We will offer whatever it takes to create our global giants, to secure our