Turkey

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The number of real estate advertisements that spring out of Turkey's weekend press testifies to the large supply of quality housing available in Istanbul these days.
With the release of the International Monetary Fund's (IMF)'s report on the fourth and fifth review for Turkey's standby agreement, the state of the country's finances has come under fresh scrutiny by market observers, with ongoing concern over the size of the current account (CA) deficit.
Earlier this week, the European Commission released its progress report on Turkey, which refrained from hatching any unpleasant surprises.
Speaking at the opening of the ninth annual Foreign Trade Week in the Ankara Sheraton on Monday, October 30, Turkish Prime Minister Recep Tayyip Erdogan announced bold plans to boost the country's foreign trade.
From October 10 to October 12, Mehmet Ali Talat, President of the Turkish Republic of Northern Cyprus (KKTC), met in Brussels with EU officials to discuss the stalemate over the island, which looms over Turkey's accession negotiations with the EU.
With a 2007 deadline looming on the horizon, the Turkish government is desperately trying to overhaul the agricultural sector in time to receive structural funds from the EU.

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