Istanbul real estate -the star of next decade
As the whole Turkish real-estate market expands rapidly, it is Istanbul that has become the key hotspot. In a recent PricewaterhouseCoopers (PWC) survey, Istanbul property market leapt upward eight slots in risk-adjusted total return rankings from 19th in 2006 to 11th in 2007. There is notable optimism for Istanbul's future. Several comments given in the [...]
Morocco is ‘remarkable’ say IMF
The International Monetary Fund (IMF) has described Morocco as ‘remarkable’. The IMF praised the economic progress achieved by Morocco in the past years, stressing the growth of GDP, the strength of the financial sector and the recent improvement in the tax system. The IMF board commented that the ‘GDP growth has moved onto a higher [...]
Morocco welcomes a new Prime Minister
Abbas El Fassi, leader of a secular political party in Morocco, has been named Prime Minister of Morocco. El Fassi's party, conservative-leaning Istiqlal, won the greatest number of seats in parliamentary elections this month, coming out ahead of an Islamic party that had been widely expected to win. King Mohammed VI received El Fassi at [...]
Bulgaria Property Prices see second-highest increase in 2007
Bulgaria's residential real-estate market has recorded the world's second-highest increase in prices in the second quarter of 2007. Residential property prices in Bulgaria jumped by 27.1% in the second quarter of this year, up by nearly 15% in comparison with the same period in 2006. Global property prices are increasing by 7.8% annually to the [...]
Russian billionaire to invest in Turkey
Russian billionaire Mikhail Fridman's Alfa Group will soon invest more in Turkey, the chief executive of Alfa's telecoms has commented. Alexey Reznikovich told reporters that the world would ‘soon see Alfa Group more in the Turkish market’ adding that in his view ‘real-estate, retail, infrastructure and banking are interesting areas in Turkey’. Mustafa Koc, president [...]