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 Rating upgrade grows more likely as FT deficit continues to shrink
Turkish financial observers are lending all their attention to a single piece of news that they hope may come from international credit rating agencies any moment these days: that the country´s credit rating is upgraded to investment level. And their patience so far has been well met as the national foreign trade (FT) deficit continued plunging in March. |
 3.44 million visited Turkey in Q1
The number of foreign tourists to Turkey witnessed a 9.72 percent drop in March compared to one year earlier, according to data released by the Turkish Tourism Ministry. |
 Fitch: Turkey’s note may be bumped up
International credit rating agency Fitch analyst Ed Parker expressed that Turkey’s basis of macro elements point to the possibility of an investable rating. |
 IKEA partners with Turkey´s richest person to establish bank in Russia
Swedish furniture and household product retail chain IKEA will have Fiba Holding Chairman Hüsnü Özyeğin, also Turkey´s richest person, as an equal partner in a bank to be established in Moscow. |
 EU to propose lifting visa regulations with Turkey
A new proposal prepared by the European Commission on beginning visa dialogue on lifting regulations with Turkey will be handled during the April 26th-27th EU Internal Affairs and Council of Ministers of Justice. |
 US drug firm buys out Turkish firm for $700 million
U.S. drugs giant Amgen has announced that it has agreed to buy out Turkish Mustafa Nevzat for $700 million. |
 Net foreign direct investments soar by 25 percent in 2 months
Foreign direct investment in the health and social work industries outshined all other sectors in terms of FDI for the January-February 2012 period. Manufacturing, food and beverages, tobacco and chemicals also witnessed impressive increases |
 IMF, WB suggest Turkey share experiences with others
Deputy Prime Minister Ali Babacan, who oversees the government´s economic policies, said on Friday that officials from the International Monetary Fund (IMF) and the World Bank (WB) have asked the government to share its experiences in economy management with countries that face serious economic challenges. |
 Businessman with Ottoman roots plans investment in Turkey
Following the world’s richest businessman Carlos Slim, another Ottoman descendent is planning to come to Turkey. Brazilian millionaire Joseph Safra, whose ancestors used to trade in Istanbul, has supposedly now set his sights on Turkey. |
 Number of companies opened in Turkey down in March
The number of companies, which were opened in Turkey in March 2012, dropped 30.83 percent when compared to March 2011. |
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