After two years of secret planning, Prime Minister Recep Tayyip Erdoğan in 2011 revealed his “crazy project”: digging a 50-km-long, 150-metre-wide canal from the Black Sea to the Sea of Marmara. The canal would turn half of Istanbul, a city of some 16m-18m residents, into an island and rival the engineering feats at Suez and Panama.
In January 2012 the Turkish Exporters Assembly registered a 10% year-on-year increase in exports, but textiles exports declined by 4.2% in the same period. What are the factors behind this? ÖZDİLEK: The textiles sector is labour intensive, and because cotton can be speculated on the stock market its price rises artificially....
With strong year-end results both in 2010 and 2011, Turkey’s construction sector emerged from the 2008-09 financial crisis in relatively good shape. A projected slowdown in the local economy due to European sovereign debt woes means the double-digit growth is unlikely to be repeated in the near term, but the underlying fundamentals look strong.
How has SOCAR’s Trans-Anatolian Natural Gas Pipeline (TANAP) affected the competition to transport Azerbaijani natural gas to Europe?
How will restructuring the ministry enable the federal government to promote greater rail and maritime transport coverage nationwide?
Is increased competition from foreign companies, which are drawn by demographic growth, squeezing local manufacturers? ÖZİLHAN: Over the past two decades, Turkey has experienced two major economic transformations. First, it became part of the EU’s Customs Union, and second, following the 2001 financial crisis, Turkey...
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