Turkish Economy

Turkey's Economic Renaissance from JP Morgans Perspective In a recent investor meeting hosted by JP Morgan, Stefan Weiler, the Head of Central & Eastern Europe, Middle East, and Africa (CEEMEA) debt capital markets, shed light on the growing interest from the global investor community in Turkey. The shift in sentiment is attributed to significant changes in macroeconomic policies and a notable...

Turkish Contractors Shine Globally: A $501.9 Billion Milestone Turkish contractors have made an indelible mark on the global construction landscape, undertaking projects worth an astonishing $501.9 billion since 1972. After a challenging 2022, the year 2023 saw a remarkable resurgence, culminating in contracts totaling $27.392 billion in December alone. Let us delve into how Turkish contractors shine...

Turkey's Investment Office: Paving the Way for Global Business Ventures The Investment Office of the Presidency of the Republic of Turkey stands as the official entity dedicated to showcasing Turkey's investment potential to the global business community. Operating under the direct purview of the President, Turkey's Investment Office plays a pivotal role in promoting and supporting investments that...

Turkey's Economic Triumph: Turkey Achieves Record Export Figures In a momentous announcement, Turkish President Erdoğan heralded a historic achievement for Turkey's economy, unveiling a remarkable surge in exports that reached a staggering USD 255.8 billion, remarking that Turkey achieves record export figures. This 0.6 percent year-on-year increase not only sets a new record but also showcases the...

US Investment giants Pimco and Vanguard invest in Turkey after its return to interest rate hikes In recent months, U.S. investment giants Pimco and Vanguard have entered the Turkish market, expressing confidence in the country's economic trajectory following a series of rate hikes. This article delves into "Pimco and Vanguard invest in Turkey"- decisions and the factors contributing to their...

Turkish Cities Leading Global Rankings: Surprising Property Value Surges In the dynamic landscape of global real estate, certain cities have been witnessing unprecedented increases in property values. Despite the challenges posed by rising interest rates in 2023, the allure of real estate investment remains strong in popular cities worldwide. Notably, Turkey has emerged as a standout performer, with two...

Mega Projects for Antalya and Ankara Transportation and Infrastructure Minister Abdulkadir Uraloğlu announced that the tenders for the two Mega Projects for Antalya and Ankara (Ankara-Kırıkkale-Delice Highway and the Antalya-Alanya Highway) have been conducted under the Build-Operate-Transfer Model. In his statement, Minister Uraloğlu stated, "We have completed the tenders for the...

Choosing the Right Bank in Turkey: A Guide for Foreigners Choosing the Right Bank in Turkey and Opening a Turkish Bank Account as a Foreigner can be a daunting task, but it's a crucial step if you plan to live, work, or do business in this vibrant country. In this guide, we'll walk you through the process, from the importance of having a local bank account to the detailed steps on how to open one. Let's...

Reasons to Make Turkey Your Home Let's explore why Turkey is a sought-after destination for ex-pats and digital nomads. These are the reasons to make Turkey your home: Turkish Citizenship Simplification: The process of acquiring Turkish citizenship has been streamlined, allowing for eligibility by purchasing property worth a minimum of USD 400,000. Perfect Climate: Turkey boasts a diverse climate,...

Turkish Exports Soar to $22.9 Billion, Setting an October Record In a testament to Turkey's economic resilience and strength, October witnessed Turkish exports surge to reach an unprecedented $22.9 billion, a remarkable 7.4% increase compared to the same period last year. Trade Minister Ömer Bolat shared this triumph, emphasizing the nation's steadfast growth amidst challenges. Turkey's Triumph Despite...