Turkey Lowers Interest Rates by 250 Basis Points Turkey’s central bank has announced a significant 250 basis-point reduction in its benchmark interest rate, bringing it down to 45%. This decision by Turkey lowers interest rates is part of a broader monetary easing policy initiated in late 2024, aligns with expectations from economists who have been monitoring the country’s evolving inflation and...
Alanya Real Estate Market Analysis: Trends, Pricing Strategies, and Investment Opportunities Overview of the Alanya Market: Alanya, located on Turkey's Mediterranean coast, is one of the most sought-after destinations for real estate investment. Known for its scenic beauty, mild climate, and vibrant tourist industry, Alanya attracts a large number of international buyers, especially from Europe, Russia,...
Turkey's Removal from the Grey List expected to boost foreign investments Turkey's removal from the grey list by the Financial Action Task Force (FATF) is anticipated to draw in more foreign investments into the country. On June 28, FATF declared that Turkey has been removed from the "grey list" of nations requiring special scrutiny. FATF recognized Turkey's efforts to enhance its anti-money laundering...
UAE Investments in Turkey's Economic Sectors Suhail Al Mazrouei, the Emirati Minister of Energy and Infrastructure, stated that the UAE is planning significant investments in various sectors in Turkey. At the St. Petersburg International Economic Forum, Al Mazrouei revealed the Gulf state’s interest in exploring energy, agriculture, transportation, tourism, and more opportunities. This information about...
Turkish Economy Grows: Impressive Economic Performance in Early 2024 In the first quarter of 2024, the Turkish economy grows impressively, with a significant GDP growth rate of 5.7%. This strong performance, reported by TurkStat and published by The Investment Office, places Türkiye among the fastest-growing economies globally, surpassing many other emerging markets. Government Policies Drive...
Türkiye-Germany Investment Conference Highlights Türkiye's Competitive Edges Showcasing Türkiye's Investment Landscape The Investment Office hosted the Türkiye-Germany Investment Conference themed "Türkiye as an Investment Destination" at the Turkish Embassy in Berlin. The event brought together business leaders and public officials from both Türkiye and Germany, providing a valuable platform to...
Turkey's Economic Fortunes Brighten: Fitch Ratings has upgraded Turkey on Tighter Monetary Policies In a significant turn of events, Fitch Ratings has upgraded Turkey long-term foreign currency issuer default rating from "B" to "B+." This upward revision comes as a result of the country's proactive stance on monetary policy, aimed at reining in inflationary pressures. Fitch's decision underscores the...
Retiring in Alanya: Spend Your Golden Years in This Oasis Have you ever imagined waking up to a gentle Mediterranean breeze and stepping out onto a balcony overlooking a sparkling turquoise sea? Can you picture strolling through vibrant bazaars filled with colourful spices and hand-woven crafts? Imagine spending your afternoons relaxing on pristine beaches or exploring ancient ruins steeped in rich...
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...
