Conexio consulting

Turkish economy grows 4.8 percent in first quarter

Turkey’s economy grew a larger-than-expected 4.8 percent in the first quarter of 2016, official data showed on June 10, outperforming major emerging markets peers, as wage hikes and spending by Syrian migrants fueled private consumption, according to analysts. Deputy Prime Minister Mehmet Şimşek said the figures showed the economy was on a strong path and […]

Istanbul, İzmir have strong self-financing capacity, supporting investments: Moody’s

Sizeable investment programs are sustainable for Istanbul and the Aegean city of İzmir thanks to their robust operating performance, effective financial management, strong economies and large and valuable asset bases, said Moody’s in a note on May 5. Istanbul’s traditionally high gross operating margin is expected to rise to 48 percent of operating revenue by […]