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Overview

Turkey pursuing economic development with an eye towards 2023 goals
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The country is now in the midst of a lengthy political cycle, with the local elections in March 2014 being followed in August by the country’s first-ever, direct presidential elections. 2015 will also see the country’s 18th general election, currently scheduled for June 7. Thus, these are very much political and busy times for Turkey, a characteristic given some edge by the turbulence of 2013,…

Overview

Hotel listings for Turkey
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CROWNE PLAZA ISTANBUL Dolapdere Cad. No. 161 Harbiye, Şişli 34375 T: (+90) 212 291 60 80 F: (+90) 212 291 91 01 info@cpistanbulharbiye.com www.cpistanbulharbiye.com Rooms: 12 suites, 38 club rooms, 44 standard, 148 deluxe, 40 superior, 2 with facilities for the disabled. Business &Conference Facilities: 19 meeting rooms, rooftop ballroom, private meeting space for 8 persons and 4 guest…

Overview

Useful information for visitors to Turkey
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Society & Etiquette Turkish society is a unique mix of cosmopolitanism and conservatism, with large cities like Istanbul, Ankara or Izmir generally being fairly liberal, while the eastern and rural provinces of the country tend to be more traditional. It is very common to be offered tea at business meetings, which is followed by a casual discussion. Initial topics of conversation should focus…

Overview

Turkey's Bozcaada's island draws visitors with its history and viniculture
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In the eastern Aegean, just a few hours’ sail from the mouth of the Dardanelles, lies a small, wedge-shaped island that echoes with chords of history. In Vergil’s Aeneid, the epic tale by Rome’s greatest poet, it is said to be where a sly Greek army hid their fleet after leaving their legendary equine gift at the shores of ancient Troy. In the First World War, the British built an airstrip there,…

Overview

Turkey's history encapsulated in Istanbul's Maiden's Tower
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While the Hagia Sophia and the Blue Mosque often get top billing in the tourism circuit, the Maiden's Tower, or “Kız Kulesi” in Turkish, is a popular spot that has a much deeper history than is widely known. The use of the site of the current tower began in roughly the 5th century BCE. Its history spans both empire and republic, and the tower – on a small islet in the Marmara Sea – has a storied…
Interview

Richard Moore, UK Ambassador to Turkey: Interview
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Interview:Richard Moore From an economic standpoint, how does the UK view the importance of its relationship with Turkey? RICHARD MOORE: The relationship between our two countries goes back a long way and has been rooted in economic and trading issues from the day the first English ambassador arrived in Turkey in 1583. As Europe, and the UK in particular, has reoriented itself towards more…
Viewpoint

President Recep Tayyip Erdoğan, on his country’s economic rise: Viewpoint
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Since the establishment of the republic in 1923, Turkey has been in a state of constant flux. Due to domestic and global developments, the country was marred by political and economic instability for decades. The economy was hindered by political setbacks, growth was underperforming and the country struggled with skyrocketing, chronic inflation. By the end of 2002, however, Turkey had entered a new…
Viewpoint

Dr Jim Yong Kim, President, World Bank Group, on the development lessons Turkey can share with the world: Viewpoint
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The founding father of the Turkish Republic, Mustafa Kemal Atatürk, said, “Economic development forms the backbone of the ideal of Turkey, which is free, independent, ever stronger and more prosperous”. Turkey has made great strides in the realisation of this ideal, thanks to a solid track record of macroeconomic management and structural reforms. It is thus fitting that the government, led by…
Analysis

Turkey works to address trade deficit by pursuing further free trade agreements

Posted OBG AdminPosted in Uncategorized

Turkey’s trade record over the last few years has been relatively impressive. Exports have risen substantially, if erratically. In 2006, exports stood at $85.5bn. By 2014, the figure reached a record high of $157.6bn. However, imports have also grown rapidly, reaching $242.2bn in 2014. This trade deficit, which reached 10% of GDP in 2014, has been a perennial problem for the country. The country…