066 What will the economy bring Turkey in 2017 (and 2018)?

“A predicted economic crisis always comes later than expected, but when it finally arrives it will happen much faster than anticipated” Introduction Predicting the direction of the Turkish economy in the coming few years is not an easy task. Turkey is a multi-layered country on the crossroads of three continents, finding itself not only in […]

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056 Kapalıçarşı/The Grand Bazaar of Istanbul

Almost 100 mln visitors per year and a rent of 3,500 usd per month per m2: this truly is Istanbul’s Grand Bazaar, in Turkey known as Kapalıçarşı, the oldest shopping centre in the world and world’s most visited tourist destination. Its construction was ordered by Sultan Mehmet the Conqueror in 1455, two years after his conquest […]

2016

055 The Turkish economy: what will happen in 2016?

The future is the most difficult part of forecasting. An old joke, true as ever, especially in Turkey. Herewith an overview of some macro-economic developments in 2015 and my (partly) personal predictions for 2016. And some observations on the structural road ahead. Summary/base scenario: Turkey is set to become one of the five largest economies […]

Tourism

046. Tourism in Turkey: more than meets the eye

We ourselves are tourist. Discovering the world is in our DNA.  Sometimes we just wish to be away from it all, leaving one’s home country and enjoy the country of one’s (distant) neighbour. Last year, travel and tourism directly and indirectly contributed to almost 10% of the worldwide GDP, employing over 260 million people. These […]

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012. Sustainability as a Business Case in Turkey

At the Dutch Consulate General in Istanbul we regularly organize thematic luncheons. We bring experts together on a certain topic and, if possible, share the findings of these luncheons with our target group, the Dutch companies. One of these channels is this blog. One of our last  luncheons had as title “sustainability as a business […]