Word: istanbul
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...another financial crisis is raging, this time globally, and as Sabanci Dinçer watches it unfold from her elegantly furnished 27th-floor office in the heart of Istanbul, she inevitably has a feeling of déjà vu. But this time, while there's trepidation, there's also hope. The Turkish banks that survived that earlier crisis emerged from it much better capitalized - and more heavily regulated - than their peers in the U.S. or Europe. Today, thanks to surging investment and exports, the Turkish economy is double the size it was in 2001, and the nation's financiers...
...This sudden vulnerability of emerging markets will be a key issue at the World Economic Forum on Europe and Central Asia, which begins on Oct. 30 in Istanbul. While Turkey has reason to blame its worsening economic outlook on the rest of the world, some of its woes are self-inflicted. The government of Recep Tayyip Erdogan and his Justice and Development Party (AKP) set about transforming the economy after its election in 2002. Spurred on by the International Monetary Fund (IMF), which provided financial support during the 2001 crisis, the government pushed through strict budgets, monetary discipline...
...Hitting Speed Bumps For all its worries, there's still a tremendous vibrancy in Turkey. You can see it in Istanbul, a city of 15 million, with its growing roster of expensive hotels, new upscale shopping malls - and perpetual traffic jams. But you can also find it in other parts of Turkey, in places like the Mediterranean port of Iskenderun...
...biggest changes is to be found in Bursa, a 90-minute boat ride from Istanbul across the Marmara Sea. Just outside the old town is a sprawling Renault plant that dates back almost four decades. During the first years of its operation, the factory produced small cars for the Turkish domestic market - models that were already at the end of their life in Western Europe. But since 2000, Renault has used the Turkish plant as a significant export hub. It makes Renault's Mégane and Clio cars there for the rest of Europe, and has been upgrading...
...retailing business includes many of the world's top brands, from high-end names such as Prada and Bottega Veneta to more affordable ones like Benetton. Along with their competitors, the Boyners have been on a roll. New shopping malls have sprung up across the country, especially in Istanbul, where some of the most recent examples were deliberately aimed at upscale, upwardly mobile clients. The Boyners have fully participated in this boom; for luxury goods alone, they doubled their retail space over the past two years. But now luxury is taking a fall, and sales of all types of merchandise...