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Economic Update | Mixed News for Turkish Economy

22 Jul 2010
The last couple of weeks have seen some good news for Turkey, including the slow but steady depreciation of the Turkish Lira against hard currencies, which has helped boost exports- total exports...

Economic Update | Istanbul Hosts EU-OIC Summit

22 Jul 2010
A two-day summit in Istanbul between the foreign ministers of European countries and those of the Organisation of Islamic Conference (OIC) ended on February 12th with calls for a two-state solution...

Economic Update | Turkey’s Telsim in Court Case

22 Jul 2010
The world's two largest mobile-phone makers Motorola and Nokia on January 28th jointly filed a law suit in a New York federal court against Turkey's second largest mobile-phone operator Telsim.

Economic Update | Foreign Investment in Azerbaijan Increases

22 Jul 2010
Foreign Investment in Azerbaijan increased 17.1% in 2001 to $783m, according to an announcement by the State Statistics Committee in mid-January.

Economic Update | Azerbaijan Caught in the Middle

22 Jul 2010
As a former member of the Soviet Union, Azerbaijan remains in what Russia would regard its sphere of influence, but culturally Azeris are far closer to the NATO-member Turks.

Economic Update | Money Laundering Law Adopted in UAE

22 Jul 2010
On January 22nd, the United Arab Emirates introduced a new law to combat money laundering. This came after the cabinet approved the measure in mid-October following revelations that much of the...

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