Foreign direct investment

More than 120 WTO member states have finalised an agreement that aims to facilitate investment in developing countries by improving transparency and clearing bureaucratic hurdles, the global trade body said Sunday.

Türkiye should attract more investments and tourists from China to address the trade imbalance between the two countries, Vice President Cevdet Yılmaz has said.

Real estate professionals, foreign investors and homeowners have been concerned in the past few days over the precise changes being planned to the Golden Visa program.

Reports circulating in the market in recent days regarding the Golden Visa program suggest that the government intends to establish three different investment thresholds, depending on the area where the property in question is located. 

We are at a point where we need to evaluate the gains of 50 years of democracy, to assess our strengths and weaknesses in the face of the time's challenges, to think of where we want to go. These thoughts were prompted by the passing of the law ensuring equality in civil marriages, an important step - a milestone, as the prime minister said - towards a more just society.

Türkiye has the potential to attract more foreign investments if necessary steps are taken, says Engin Aksoy, the chair of the International Investors' Association (YASED).

Greece still has a long way to go to before it strengthens its competitiveness and climbs the world rankings, leaving the low positions it has been in for years.

The leading position of real estate in foreign direct investment (FDI) in Greece remained and even strengthened in 2023, as the figures show, maintaining the reflection as to whether and how the country's production model will eventually be able to change.

Over the past years Greece has seen a sharp increase in home prices and rents, with many talking about a housing crisis as Greeks are being priced out of the property market. This has put the spotlight on the Golden Visa scheme.

Higher growth in emerging markets (EM), including Türkiye, relative to developed markets and the prospect of U.S. Federal Reserve rate cuts later this year are expected to push emerging-market net capital flows to a decade high in 2024, Fitch Ratings has said in its latest Economics Dashboard.