The recent buyer of a Turkish brokerage, Renaissance Capital, is aiming for the top in all aspects of the Turkish capital markets. Speaking to the Daily News, the acting CEO for Turkey points toward economic ties between Turkey and Russia. It remains to be seen whether Turkey, along with other fast-growing emerging economies, will be [...]
Turkey’s exports decreased by more than $1 billion last month compared with October, according to recent data revealed by the Turkish Exporters’ Assembly. Still, the figure is nearly 14 percent higher than November 2010. The assembly’s data reflect a big hike in exports to African countries as Germany remains the top market Turkey’s export trade [...]
Turkey’s rating could be upgraded if the country pursued fiscal and monetary policies that reverse the recent growth in internal and external imbalances, Moody’s Investors Service said on Wednesday. “Credit-positive pressure could also develop if the government consolidates its buffers, such as foreign-exchange reserves; these would improve the sovereign’s resilience to balance-of-payment shocks,” it said [...]
Turkey’s economy is set for a soft landing in 2012, continuing to grow, yet at a slower pace, HSBC chief economist Melis Metiner told Today’s Zaman on Tuesday. Speaking after an HSBC press breakfast, Metiner said she expected Turkey to experience a soft landing next year, with growth slowing “from a projected 7 percent in [...]
Wireless equipment maker Nokia Siemens Networks will slash 17,000 jobs – almost one-quarter of its work force – in a move to cut annual costs by 1 billion euros ($1.35 billion) by 2013, company officials said yesterday. The joint venture between Finland’s Nokia Corp. and Siemens AG of Germany said it would focus on mobile [...]
Turkish and global economies depend on the success of newly established Italian and Greek governments in saving the countries from crisis, a former Turkish minister says Unless newly established Greek and Italian governments are successful in addressing the countries’ current economic problems, the European economy will enter a serious slowdown period and further negatively affect [...]
Drug companies in Turkey might resort to serious layoffs by the end of 2011, following a recent government decision to decrease drug prices. Name brand drugs that have equivalent generic brands will be sold for a maximum of 60 percent of the reference value to drugstores, according to a Council of Ministers decision published Nov. [...]
Unqualified state land will be subject to sale after new related legislation is approved by the Turkish parliament, generating revenues of 26 billion Turkish Liras. About 1 million houses and 1.74 million square meters of land whose cadastre works have been completed, all under the status of unqualified state-owned land also known as 2-B land, [...]
Turkey ranked 19th in a global list of countries with most valuable brands with a total value of 373 billion U.S. dollars, according to a global brand valuation research. Turkey ranked 19th in a global list of countries with most valuable brands with a total value of 373 billion U.S. dollars, according to a global [...]
For most economists, the 17-member single currency area eurozone is bound to collapse and there will be consequences for all the nations around the world. Yet Turkey, with its strong public finances, low budget deficit and political stability, will be one of the few economies to exhibit a speedy recovery if and when the global [...]
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