Economic Updates: Turkey

Turkey: Gearing up for competition

South Eastern Europe | 14 Jun 2013

Turkey is planning to polish its credentials as an international transportation hub by building one of the world’s largest airports in Istanbul, a facility that is intended to serve the growing travel market and also cater to transit traffic, though it will face stiff competition from established airports in the Middle East and Europe.

Turkey: Weathering the storm

South Eastern Europe | 7 Jun 2013

Turkey's deputy prime minister Ali Babacan recently spoke with OBG on the country's economic performance and 2023 development objectives.

Turkey: More derivatives on the way

South Eastern Europe | 3 Jun 2013

With the launch of a new stock exchange, Borsa Istanbul, Turkey has taken one more step towards achieving its goal of becoming a regional financial centre.

Turkey: Potential peace dividend for industry

South Eastern Europe | 22 May 2013

The Turkish government is hoping talks aimed at ending the long-running conflict with Kurdish separatists will bring not only peace to the east and south-east of the country but also a wave of investments, with the industrial sector tipped to be one of the main beneficiaries.

Turkey: Political successes temper economic slowdown

South Eastern Europe | 1 May 2013

Despite slowing growth and expectations of a widening current account deficit this year, investors do not appear to be shying away from the Turkish economy, particularly as the easing of political tensions is likely to yield an upgrade in the country’s investment ratings.

Turkey: Energy pipe dreams

South Eastern Europe | 15 Apr 2013

Plans to consolidate Turkey’s position as an energy transit bridge appear to have suffered a setback, with a major project to connect the Black Sea and the Eastern Mediterranean put on hold by both the Turkish government and one of the scheme’s key investors, though for different reasons.

Turkey: Steps toward 4G

South Eastern Europe | 8 Apr 2013

A new deal between local telecommunications firms and the Turkish government is expected to see the introduction of a new 4G network in Turkey by 2016. This move has been hotly anticipated by telecoms operators, as they will be able to expand their services and offer new products that take advantage of the improved network speeds.