Iranian businessman Mehrdad Safari has bought a total of 47 apartments in a luxurious Istanbul skyscraper for $90.6 million. The price does not include VAT, although the rate on many of the apartments will only stand at 1 percent, while a portion will be subject to 8 percent tax following a recent tax cut. Kiler Real […]
Days after Doha, one of Ankara’s closest allies in the Gulf region, pledged $15 billion in direct investment in Turkey, Qatar’s private sector has also turned to the country as five major conglomerates are looking to invest $300 million. Qatar’s Emir Sheikh Tamim bin Hamad Al Thani (above) visited Ankara last month in an apparent […]
Here is 10 facts about Turkish economy, that will make you believe in Turkish economy. 1. SUCCESFUL ECONOMY A fast developing economy, with a GDP growth of 231 Billion USD in 2002, To a GDP of 851 Billion USD in 2017 which is more than triple the amount within 15 years. (TÜİK)Stable economic growth; A yearly […]
Turkey expects a V-shaped recovery in the economy as domestic demand improves. “Leading indicators from June give positive signals for an improvement in the economy,” Albayrak said at a Turkish Banks’ Association meeting in Istanbul. The minister cited an increase in consumer confidence, as well as a jump in the country’s manufacturing Purchasing Managers’ Index. The […]
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