Tag Archives: Istanbul

Istanbul court orders suspension of 3rd airport’s construction

    In a surprise decision, an İstanbul administrative court has ordered the suspension of the construction of İstanbul’s third airport, which Prime Minister Recep Tayyip Erdoğan says will put the Turkish economy among the strongest economies in the world … Continue reading

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Talk of the town: Is ‘urban transformation’ of Istanbul another name for urban looting?

People are increasingly reacting negatively to urban transformation projects which have long been viewed as prestigious moves of the Justice and Development Party (AK Party) government, according to a news story by Today’s Zaman:   The reaction is mainly directed … Continue reading

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Istanbul’s huge construction projects in severe jeopardy due to jolting interest rate rises

Here is a long report by Today’s Zaman: The central bank’s bold decision to increase the benchmark policy rates pushed the overall interest rates in the markets up as expected, and mortgage loans were no exception.   The least expensive … Continue reading

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‘Mayoral race for Istanbul likely to shape Turkish political landscape’

Here is a story by Reuters on a key election point in Turkey: mayoral race in Greater Istanbul area. Immaculately coiffed with a camera-ready smile, Mustafa Sarigul’s composure cracks a little as his campaign bus swings towards Istanbul’s old city … Continue reading

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