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Tag Archives: Growth

New law to help foreign property buyers

Istanbul, 4 May 2012 – The long awaiting property bill has finally passed through the Turkish Parliament lifting the restrictions of reciprocity for foreign property buyers in Turkey. The removal of the reciprocity law means citizens of the Middle East and Central Asia may now purchase property in Turkey freely. The new law will also […]

Istanbul retailing attracts major global retail brands

Istanbul, 23 April 2012 – CB Richard Ellis’ annual report “How Global is the Business of Retail?” has found Turkey is ranked 14th in the world. According to the report Turkey attracted 39% of the global retail brands. Because of the economic growth of Turkey, Istanbul has been the main beneficiary with many leading European […]

Hilton set to increase its number of hotels in Turkey again

Istanbul, 8 February 2012 – The Hilton hotel group has announced plans to open 13 new hotels in Turkey taking its Hilton branded hotels in Turkey to 33. Making the announcement at the Central Asia and Turkey Hotel Investment Conference, Didier Martin, the Vice President Operations Eastern Europe Israel, Russia and Turkey at Hilton Worldwide […]

The next Apple may come from Turkey

5 December 2011, Istanbul – “The next Steve Jobs may well be a Turk” said the US Vice President Joe Biden speaking during the 2nd Global Entrepreneurship Summit in Istanbul. Biden said “I was not surprised to hear our (US) Ambassador to Ankara saying that the next Steve Jobs may be from Turkey” referring to […]

Turkey continues to grow economically during Eurozone crises

4 November 2011, Istanbul – Speaking to businessmen and women at the B20 business event being held during the G20 meeting in Cannes, France, Turkey’s Prime Minister, Recep Tayyip Erdogan, said due to successful planning Turkey continued to grow during the economic crises affecting the Eurozone. The Turkish Prime Minister said “Structural reforms created an […]

Turkey’s unemployment drops again

18 October 2011, Istanbul – According to data released by TurkStat (Turkish Statistics Institute) Turkey’s unemployment has fallen to just over 9 percent for July 2011, down from 10.6 percent for the same period in 2010. The data revealed employment increased by nearly 1.5 million to reach 24.95 million employed. Of the total services employed […]

Turkey’s tax incentives for new technoparks

14 October 2011,  Istanbul – Speaking at IBM’s Software Summit in Istanbul, Nihat Ergun, Turkey’s Minister of Industry, Science and Technology, described Turkey’s “Silicon Valley” vision. Turkey is to build technoparks which will be exclusively for high tech companies engaged in telecoms, software development, ecosystems and technical R&D, the first one will be constructed in […]

Turkey tops G20 for job creation over last 3 years

27 September 2011, Turkey – According to a recent ILO (International labour Organisation) report over the last 3 years Turkey sits on top of the G20 list for job creation ( Q1 2008 to Q1 2011). The report, produced in conjunction with OECD (Organisation for Economic Co-operation and Development), reported Turkey ranked ahead of Indonesia […]

Turkey’s income per capita increases to top 10

18 July 2011 – According to a recent Economist Intelligence Unit report, Turkey now has an income per capita of over 10,000 USD making it the 6th highest country in the world where the population exceeds 70 million inhabitants. The report indicates Turkey isnow  in the same league as Germany, US and Russia.                       Commenting on the […]

Turkish Airlines Now Fourth Largest Carrier in Europe

This year Turkey has been named as the number one hottest investment destination by Write About Property and the number one tourism destination by Homes Overseas. To add to this list of accolades: Turkish Airlines is now the fourth largest flagship airline in Europe after Lufthansa, Air France and British Airways, the Association of European […]

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