All News on Economics in Turkey

Risk of a housing price bubble in Turkey: A commentary

Turkey's housing market has become a subject of debate among property market circles, with prices soaring dramatically in recent months. Those who like computer games may be familiar with "Bubble Trouble" - a fun game for children. The mission is to pop all the bubbles in order to advance to the next level.

Turkey's gold imports decrease by 95 pct

Turkey?s gold imports decreased by 94.4 percent in June compared to the same month in 2014 and by 18.1 percent from May 2015 to 1.35 tons, as reported by Reuters.

Turkey imported around 24 tons of gold last June due to a dramatic rise in gold demand during last year?s wedding season.

Turkey ranks 22nd most popular spot for foreign direct investors: Association

Foreign direct investment (FDI) into Turkey was $12.1 billion in 2014, making the country the 22nd most popular spot for investors in the world, while the country is expected take in another $12 billion this year, said Ahmet Erdem, head of the International Investors Association (YASED), in a joint meeting with the United Nation's Conference on Trade and Development (UNCTAD) on June 24.

Turkey cheaper than Europe but cars, booze, tobacco remain expensive

Turkey is more expensive than a few European countries but it remains cheaper than a majority of the continent, according to a new comparative purchasing power parity index released June 19 by the Turkish Statistics Institute (TÜ?K).

However, car prices stood above European levels, as did the prices of alcoholic beverages, tobacco and consumer electronics.

G-20 investors meet in Istanbul

High level representatives of development finance institutions, long-term investors and major multilateral financial institutions gathered in Istanbul on May 26 on the occasion of the third D-20 conference.

Turkey's economic confidence index rises by 1.5 pct in May

Turkish economic confidence index increased by 1.5 percent to 80.1 percent in May, a second upward move after a plunge in March, according the data released by the Turkish Statistics Institute (TurkStat) on May 27. The index dived by 15.4 percent in March to 74.8 percent, the lowest level in its 15-month history.

Foreign investment in Turkey falls by more than one-third

Foreign investment in Turkey fell by more than one-third in March year-on-year, the government has said.

Net foreign direct investment (FDI) stood at $900 million in March, a decline of 37 percent from March 2014's $1.42 billion, the Economy Ministry reported on May 22.

Turkish companies make $6.8 billion worth of FDI in 2014

Turkish companies made foreign direct investments (FDI) worth a total of $6.8 billion in 2014, an increase of 89 percent from the previous year, according to a report released by the United Nations Conference on Trade and Development (UNCTAD) on May 18.

Turkey, South Africa vulnerable to strong US dollar: Moody's

Robust U.S. growth and stabilizing financing conditions will help the global economy to grow more strongly next year after muted growth in 2015, but some countries are vulnerable to negative shocks due to the strong U.S. dollar, said Moody?s Investors Service in its quarterly Global Macro Outlook report.

Turkey's current account gap exceeds expectations at $4.96 billion

Turkey?s current account deficit rose by $1.58 billion to $4.96 billion in March from the same month of last year, exceeding expectations, according to the balance of payments data released by the Central Bank on May 12.

Bulgarian Resorts Named Europe's Cheapest

Bulgaria's resorts are now named cheapest in Europe "for a meal out, cup of coffee and sun cream", a report run by the Daily Mail reads.

It also says the Bulgarian hotspots are "cheaper" than those in Italy, Spain, and Turkey in a research where an "imaginary shopping basket" was used in a survey by Post Office Travel Money.

Some economic questions ahead of June elections

There has been almost nothing more than the political parties? electoral promises and the resulting discussions in the media outlets ahead of the elections. Interestingly, their economic programs have been reviewed and criticized thoroughly this time. They should be as well, but this is quite new for Turkey to focus on economic issues in detail.