Economic Updates: Turkey

Turkey - Greece Pipeline Deal Underway

Turkey | 18 Apr 2002

In a landmark agreement between the two traditionally hostile neighbours Turkey and Greece have signed an agreement to construct a $300m natural gas pipeline from the north western Turkish city of Bursa to Komotini in north eastern Greece.

Turkey Divided Over Middle East Conflict

Turkey | 18 Apr 2002

Official reactions in Turkey to Israeli action in the West Bank underline the contradictory nature of Ankara’s position in Middle East affairs.

Turkish Inflation Figures Better than Expected

Turkey | 9 Apr 2002

The State Statistics Institute (DIE) released March inflation figures on April 3rd that indicate some progress in Turkey’s battle against inflation.

UAE Backs the Arab Cause

Turkey | 9 Apr 2002

The UAE has said that it will not back any US military intervention in Iraq and has called on Washington to focus on curbing Palestinian-Israeli violence.

UAE Markets Remain Sluggish

Turkey | 9 Apr 2002

Although a report from the Dubai Financial Market (DFM) on April 3rd indicated that turnover had increased by 137% in the first quarter of 2002 over the last quarter of 2001, volumes on the three UAE stock markets have been gradually falling in the last month.

Turkish Government at Odds Over Tax Breaks

Turkey | 2 Apr 2002

Much of the subject of discussion amongst ministers in the last week has been whether to offer some industrial sectors tax breaks to help them deal with the continuing economic crisis or not.

Turkish Relief Over Iraq

Turkey | 27 Mar 2002

Discussion has been raging for months about the timing of a US attack on Iraq - an event that would deeply shake Turkey's progress out of its deepest recession since 1945 - but on March 19th US vice-president Dick Cheney implied that a military strike would not take place in the near future.