Economic Updates: Turkey

Construction Contracts

Turkey | 12 Feb 2009

Although an upturn is expected in 2010, the correlated real estate and construction sectors have been scaling back as the global economic crisis takes effect, with predictions of a lean year.

Politically and economically, Turkey had a frustrating year in 2008, with the government's reform programme losing pace as a result of fighting a court battle to avoid removal from office, just as the effects of the global economic crisis began to set in.

Hitting the Brakes

Turkey | 21 Nov 2008

Turkey's automotive sector, one of the driving forces behind the country's export boom, has shifted down a gear and is in danger of going into reverse as overseas and domestic sales slump.

Growth and Turbulence

Turkey | 21 Oct 2008

The outlook is mixed for Turkey's aviation industry, with the country's national flag carrier planning a massive expansion programme while some smaller lines are looking to cut routes and costs as the Turkish economy slows.

Time to Participate?

Turkey | 24 Sep 2008

Turkey's growing trade and investment ties with the Gulf could provide a helpful boost to the country's currently small Sharia-compliant banking sector.

Warming Up To Tehran

Turkey | 12 Sep 2008

Iranian President Mahmoud Ahmadinejad's recent visit to Turkey marked an important step for relations between the two countries, as Iran's role as a key energy supplier and growing trade partner make a deepening of diplomatic ties a necessity for Ankara.