MUDURNU, Turkey — Looking for a castle on a cul-de-sac in the Black Sea region of Turkey? You might even be able to get a deal on it. At first, business was brisk: Half the castles were sold, they said, and building was going apace. Meanwhile, between terrorist attacks, a failed coup attempt and what many experts say was unsustainable borrowing, cronyism and huge public works projects with little economic return, Turkey’s economy ground to a halt. Now, the development is almost at a standstill as the partners work their way through bankruptcy court but are still allowed to trade, their futures debated regularly in the news media.

Source: New York Times March 03, 2019 09:56 UTC