FT: “AKP’s closure case rejected, Türkiye on the rise”

PRNet - British international business newspaper Financial Times (FT) reported that foreign capital holders oriented themselves towards Türkiye where political and economic tension calmed down. Giving place to opinions of foreign investment companies about Türkiye, the paper stressed that Türkiye, which is seriously in need of oil, suffered problems regarding the surge in oil prices and the problems hit the peak with the lawsuit filed for closing down AK Party. However, FT pointed out to positive briskness in recent months and gave place to the comments of Ghadir Ebu Leil Cooper, head of the emerging Europe, Middle East and Africa Equities team at Barings. Ghadir Ebu Leil Cooper noted that Türkiye had underwent a bad period until June and said, “However, a few factors helped Türkiye recover this negative period.” Meanwhile, Hexam Emerging European Fund General Manager Stuart Richards told they raised their additional investments payment intended for Türkiye, which was set as 6 % for June, to 18 % in July and to 19.5 % in August and added: “Türkiye needs foreign investments. Political stability and political reforms of this country attract foreign investors.” Mr. Richards also said he believed Türkiye would have a better economic performance in the second half of 2008.