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Turkey is a good place to business, say investors

Article Date : Monday, April 23, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

A new survey has highlighted Turkey as a dynamic market for investors, due to the country's strong market opportunities and economic stability.

According to the 2007 Survey on Business and Investment Climate in Turkey, conducted by GfK Turkiye for the American Business Forum in Turkey, 96 percent of investors believe that Turkey has "great" market potential.

The research also revealed that 59 percent consider the Turkish government to be capable of maintaining economic stability, while 77 percent believe that inflation is under control.

Other advantages to Turkey include its membership of the European Customs Union and "some movement toward harmonisation with EU standards".

More than 50 business executives participated in the survey, which invited insights from business circles in Turkey and the US.

Last week, RightmoveOverseas said that investing in Turkey will become more popular following changes in the country's finance laws.

Until now, overseas property buyers have been unable to purchase a Turkish property unless they paid cash, but the introduction of mortgages for non-residents is likely to create an influx of foreigners buying homes on the Turkish coast, the online estate agent said.
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