FOREIGN MARKET CONSULTING

Danismanlik ve Tic. Ltd. Sti.


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Your FMCon Team

 

Newsletter February 2007


 

 Economy


Overview of Monthly Data

YTL-Rates

31.01.2007

27.02.2007

Change in %

YTL per Euro

1.8521

1.8247

-1.48

YTL per USD

1.4290

1.3860

 -3.01

 

 

 

 

Stock exchange index

 41,357.49

 43,736.78

5.75

 

 

 

 

Inflation in %

Monthly inflation

Annual inflation

 

Producer prices

0.95

10.13

 

Consumer prices

0.43

 10.16

 

 

Economic Growth Rates (%)

 

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Yearly

2000

4.2

5.4

7.2

7.8

6.3

2001

-3.3

-12.3

-9.1

-12.3

-9.5

2002

0.6

10.4

8.0

11.8

7.9

2003

7.4

3.6

5.6

7.2

5.9

2004

13.9

15.7

5.7

6.6

9.9

2005

7.5

4.7

8.0

10.02

7.6

2006

6.3

8.5

 3.0

 

 

 

159 Million Rural Progress Aid for Turkey from The EC

It was announced that 159 million aid is going to be allotted to Turkey in 2007-2009 period in the scope of Pre-Join Financial Tools (IPA) rural progress component (IPARD) that was put together by the European Council for the purpose of supporting the integration process of candidate countries. The goals of this aid was set up as, the modernization of the agricultural facilities, offering support for the farmers in terms of catching up with the EC standards and creating employment in the rural areas.

 

The Country’s Potential for Attracting Foreign Capital

The results of the Ernst & Young group’s research of “The Investment Opportunities in Southeast European Countries” were announced. Here are the latest data according to the report:

 

Turkey: Sleeping giant

Greece: It succeeds in quality, although cannot reflect it to the actuality.

Bulgaria: It surprises. It is rising.

 

Preferred countries of foreign investers for building a factory

 

Countries

%

Romania

13

Turkey

7

Bulgaria

5

Serbia

3

Moldavia

1,5

Greece

1,5

Unknown

0,5

 

Most attractive investment regions

 

Countries

%

Romania

24

Poland

21

Russia

19

Czech Republic

15

Croatia

13

Sweden

13

Germany

10

Hungary

10

Bulgaria

9

Turkey

9

 

How attractive is it for foreign countries? (%)

 

 

Bulgaria

Greece

Moldavia

Romania

Croatia

Turkey

Local Market

6

19

2

20

7

26

Transportation and logistics

5

28

-

13

8

18

Telecommunication

5

37

1

12

5

16

Information

7

18

1

19

7

25

Qualified work force

8

22

1

22

11

16

Life quality

6

46

-

8

5

13

Taxing

12

11

1

15

10

10

Cost of work force

19

9

7

23

9

11

Interest in foreign managers

6

21

1

13

6

13

Flexibility in labor laws

7

13

2

20

8

18

Political transparency and stability

4

36

1

13

3

14

Stability in social life

6

42

1

16

4

11

The support of public authorities

8

24

1

17

5