Investment interest in Turkey increases
Interest in Turkey as an investment destination has been increasing recently as Fitch has upgraded the countries investment rating.
A number of articles have cited the country as providing increasingly attractive investment opportunities in the wake of Fitch including Turkey in the list of countries which are improving their investment potential. The rating is expected to increase again in the next couple of years.
An article on Citywire states that better trade links with surrounding countries, strong GDP growth and an increase in foreign capital is likely to create a stable environment for investments.
The Daily Telegraph commented that Turkey is doing better than some of its neighbours in the European Union in the wake of the global financial crisis. It said that Greece is faring worse than Turkey which is "not yet able to break into the [euro] zone".
Recent announcements made by the Central Bank of Turkey predict that the country will experience steady growth in the next few years as the nation comes out of recession and foreign investment increases.
The economy is also likely to receive a boost from tourism in 2010 after being named as a top destination by a number of holiday companies.
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