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Date: May 22, 2013 | Written By Richard
Expats who rely on income from the UK have been better off in Turkey than those living in Spain, France or any other Eurozone country, thanks to the Turkish lira being more stable than the Euro since the credit crisis of 2008 – a trend likely to continue in the foreseeable future. Historic exchange rates [...]
Date: May 17, 2013 | Written By admin
Talk about taking the world by storm, well Turkish Airlines is certainly causing a storm in Europe. The airline has been almost constantly in airline news for several years now as it adds more new routes than any other airline over any period you wish to measure. Thanks to its incredible driving performance Istanbul’s two [...]
Date: May 16, 2013 | Written By admin
After paying down debt rapidly for several years, this week saw Turkey enter a debt-free relationship with the IMF after 19 years as a debtor. It made for big news in 2008 when Turkey failed to enter a new standby agreement with the IMF signalling its confidence and desire to stand on its own two [...]
Date: May 9, 2013 | Written By admin
Turkish air traffic continues to surge as the number of passengers continually increases. According to figures announced by General Directorate of State Airports Authority of Turkey, total number of airway passengers as well as direct transit passengers in April this year was up 13.1 percent on the previous year, reaching a total of 10.9 million. [...]
Date: May 7, 2013 | Written By admin
New data from the Istanbul chamber of commerce shows an impressive 18% growth in the first four months of this year. According to the report some 18,185 newly-established companies registered with the Istanbul Chamber of Commerce (ITO) during the period. Meanwhile business shut-downs were also down by 13.41 percent over the same period, with 4,849 [...]
Date: May 4, 2013 | Written By admin
While the economic crisis rages on in Europe and sporadically around the world, Turkey continues to go from strength to strength, this week finalising two record-breaking tenders. The first a 22.15 billion euros multi-party tender for the construction of Istanbul’s third and one of the world’s largest airports. The airport secured 22.15 billion euros (plus [...]
Date: April 30, 2013 | Written By admin
Turkey’s exports have accelerated significantly, said Mehmet Büyükekşi, president of the Turkish Exporters’ Agency, attributing the increase to Turkey’s agreeing visa exemption deals with more than 21 countries over the past decade. According to Büyükekşi visa free deals with Libya, Albania, Jordan and Kosovo in 2009, raised total foreign trade volume with those four countries [...]
Date: April 27, 2013 | Written By admin
According to the latest data from Turkish Statistical Institution (TÜIK) tourism revenues in the first quarter hit almost $5 billion, an increase of 38.6% compared to the same period in 2012. According to the report the increase is attributed mainly to the 18.7% increase in visitor numbers, surpassing 5 million in total in three months, [...]
Date: April 24, 2013 | Written By admin
More positive news for the Turkish economy as it continues to become the best and brightest in Europe. According to the latest data released at a press conference by Finance Minister Mehmet Şimşek, the Turkish budget deficit has fallen 86% during the first quarter courtesy of a surge in revenue from privatization. Announcing Turkey’s budget [...]
Date: April 20, 2013 | Written By admin
More progress towards EU accession for Turkey as European Commissioner for Enlargement and European Neighbourhood Policy Stefan Füle called for the opening of the energy chapter of negotiations. “The [European] Commission thinks that Turkey is ready to negotiate the energy chapter,” Füle said in a written statement to the European Parliament. Füle also noted that [...]
