FDI
Turkey’s foreign trade deficit down 48.8 percent in November
Turkey’s foreign trade deficit fell by 48.8 percent in November 2008 to $2.72 billion compared to the same month of the 2007, the Turkish Statistical Institute (TURKSTAT) announced in a statement on Tuesday. (UPDATED)
Turkey’s export figures decreased by 17.5 percent to $9.3 billion in the same period, while imports decreased by 27.5 percent to $12 […]
Turkey’s trade volume rises 4.1 pct in free zones
Trade volume increased by 4.1 percent to $23.2 billion in free trade zones in Turkey in the first eleven months of 2008 compared to the same period of 2007, Foreign Trade Undersecretary announced on Sunday.
According to the figures, countries of the European Union and the Organization for Economic Cooperation and Development (OECD) were the biggest […]
Foreign direct investment declines
Net foreign direct investment in Turkey totaled $1.7 billion in October, official figures have revealed. The figure for between January and October reached $15.29 billion, despite a 15.9 percent decline compared to the corresponding period last year, according to Treasury data, when the figure stood at $18.19 billion.
The capital inflow, including the transfers concerning international […]
[News Analyses] Despite a dearth of mega M&A’s, market remains brisk
Despite the headlines of major newspapers around the world proclaiming disastrous quarterly economic results, and despite the statements of major corporate law firms reporting frozen activity, mergers and acquisitions (M&A) activity - although not necessarily deal completion — is occurring at increasing rates. Turkey, contrary to what the headlines in many dailies read, is no […]
FDI to Turkey exceeds $15 billion as of October
Net foreign direct investment (FDI) inflow to Turkey in October amounted to $1.7 billion, bringing the cumulative number to over $15 billion in the first 10 months. The 10-month total for 2008 represents a 16 percent decline over the January-October period of 2007, which logged $18.1 billion in FDI.
FDI figures, released by the […]
Turkic, Arab countries contribute Turkey’s economy
The head of TURAB said that the share of Arab countries and Turkic republics in Turkey’s foreign trade volume would rise up to 20 percent in 2009.
The head of Turkish-Arab Countries Businessmen Association (TURAB) said on Saturday that the share of Arab countries and Turkic republics in Turkey’s foreign trade volume would rise up […]
Second wave of crisis approaching, banker warns
Turkey seems to have weathered the first wave of the global financial crisis by sustaining only minor damage, but the rapidly approaching second wave is on the way and will likely have worse implications, says Yavuz Canevi, chairman of Türk Ekonomi Bankas? (TEB).
Speaking at a conference as part of the Sixth Entrepreneurship Week, […]
Global firms choose Turkey
Global firms are now looking to invest more in the safe havens of Western Europe and North America, yet Turkey is the first country to be chosen in its region.
According to the “Global Investment Expectations” study by the United Nations Conference on Trade and Development, Turkey may continue to attract foreign capital, despite a diminishing […]
Turkey will focus on neighboring markets, says trade minister
Foreign Trade Minister Kürsad Tüzmen has said Turkey will send a series of delegations to neighboring countries over the next few months, aiming to diversify its export markets and increase trade, in order to counteract the effects of the economic slowdown in European markets.
“We expect stagnation in European markets, and we are aiming to […]
Foreign trade deficit declines in October
Turkey’s foreign trade deficit declined in October 2008 by 7.6 percent over the same month of last year. The Turkish Statistics Institute (TurkStat) announced yesterday that the foreign trade deficit fell from $5.7 million to $5.3 million in October 2008 compared to October 2007.
According to TurkStat data, in October 2008, exports decreased by 3.1 percent […]
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