Economic Updates: Turkey

Hopes for Calmer Political Sea

Turkey | 8 Aug 2008

The Constitutional Court's decision not to close Turkey's ruling Justice and Development Party (AKP) has drawn the country back from the brink of a crisis that could have called into question the country's democratic credentials and almost certainly have resulted in fresh elections.

Prime Tourist Destination

Turkey | 25 Jul 2008

Turkey's position on the edge of the eurozone is paying dividends for the country's tourism industry.

Spreading its Wings

Turkey | 25 Jul 2008

Dubai has sought to strengthen its position as the Gulf's aviation hub, with companies from the emirate signing multi-billion dollar deals at the recently concluded Farnborough Air Show, though the spending spree could ramp up the competition with its neighbours also seeking dominance of the region's skies.

Power Tenders open Market

Turkey | 16 Jul 2008

The successful tenders of two Turkish power grids is an important step towards the liberalisation of the country's energy supply.

Bucking the Trend

Turkey | 27 Jun 2008

The acquisition of a majority stake in local retailer Migros Turk by a British-led private equity consortium was a conspicuous event given the global slowdown in merger and acquisition (M&A) activity since the credit crunch took root in August 2007.

Revising Targets

Turkey | 12 Jun 2008

The Turkish Republic Central Bank (TCMB) has decided to raise interest rates and revise its inflation targets for the coming three years.

EBRD Considers Operating in Turkey

Turkey | 30 May 2008

The proposed expansion of the European Bank of Reconstruction and Development's (EBRD) operations to Turkey marks a significant turning point for the Bank and could provide the country with an additional source of international credit.

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