Awaiting Image

European bank gives improved outlook for Turkey’s growth

Turkey will have the fastest growing economy in south-eastern Europe, according to a report by the European bank for Reconstruction and Development (EBRD).

Signalling its confidence in the future of the country’s economy, the bank has revised its earlier estimate of Turkey’s growth from 1 to 3%.

The EBRD reported that Turkey had weathered the global recession better than most due to its robust financial industry. This, it said, would be a major factor in the fast recovery expected in 2010 along with increasing foreign trade and demand from the European Union countries.

Furthermore, the bank outlined its plans to prioritize Turkey for investment, with particular support to be targeted at Turkey’s tourism, infrastructure and real estate sectors.

News of these plans endorse popular opinion that Turkey is presenting the ideal opportunity for overseas investment.

Source: The Hurriyet Daily News

Subscribe to our newsletter

Please enter your name and email address

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Select Property Group in relation to its property investment brands.

There was an error with your subscription. Please try again.
Thank you for subscribing. You will now be fully informed of all investment property news and insights.