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James Bond Falls for Fethiye Filming Latest Movie

As a resident of Fethiye it would have been hard to not notice the furor surrounding the new James Bond film.  Excitement built as it was confirmed that Skyfall would actually be filmed in Fethiye, or a few seconds of it anyway!  Two thousand of us attempted to become extras...

Posted on 03 May 2012

FDI 25% up in first 2 months of 2012

Istanbul, 24 April 2012 - Turkey's foreign direct investment has increased by 25% in the first two months of 2012 reaching 1.6 billion USD of which property sales to foreigners represented 19% of the total. Property rentals and business investments more than doubled from the 2011 figures, the manufacturing sector...

Posted on 30 April 2012

Chinese Huawei set to increase investments in Turkey

Istanbul, 23 April 2012 - According Sun Ming, Regional Director of Huawei - the second largest wireless networking seller in the world - the company is set to increase its investment in Turkey. Commenting on the move Ming said “Turkey hosts Huawei’s second largest R&D center outside China and serves...

Posted on 30 April 2012

Turkey & US expects doubling of trade by 2014

Istanbul, 19 April 2012 - Speaking at a recent event organised by Turkish Confederation of Businessmen and Industrialists and Center for American Progress in Washington, John Bryson, the U.S. Secretary of Commerce, said Turkey and the US have started seeing the fruits of closer business relationship. “Ankara's goal to push...

Posted on 30 April 2012

Turkish Government Passes New Law Allowing More Construction

The Turkish government recently passed a new law which will allow a parcel of land known as 2B to be used for construction. This land was formerly classified as a forest and covers 4.1 million acres and is in areas where agricultural and construction activity was previously banned by the...

Posted on 26 April 2012

Turkish Unemployment Still Falling Says Turkstat

Turkish unemployment fell to 10.2 percent of the workforce in the three months to February, from 11.9 percent in the same period of 2011, official data showed on today. The number of people unemployed fell by 380,000 people to 2.664 million on a 12-month comparison, the statistics institute said on...

Posted on 20 April 2012

Edinburgh Airport Sold, New Flights to Turkey’n All

Edinburgh airport has made the industry headlines this week because it has been bought by an as yet unknown consortium. However, that is not the only news relevant to us, as the report also reveals several new Turkish flights to and from the airport, which have just been added. According...

Posted on 19 April 2012

New Turkish business incentives attracts US companies to Turkey

New York, 18 April 2012 - Currently on a visit to the US to introduce the new Turkish investment scheme, Zafer Caglayan, Turkey’s Minister of Economy, said “Turkey’s new incentive system impressed the US businessmen. We expect to see a boost in foreign investments this year”. According to Caglayan the...

Posted on 18 April 2012

Asian side Istanbul attracts property investors

Istanbul, 17th April 2012 - Istanbul’s new international financial centre at Atasehir on the Asian side of Istanbul is attracting international investor especially from the Middle East and the Gulf. The Istanbul Finance Center is a massive project covering 2.5 million square metres of land and includes offices, hotel, conference...

Posted on 18 April 2012

Turkey to hold Middle East tourism expo

Ankara, 13 April 2012 - Hoping to double the number of Arab tourists visiting Turkey to 4 million Turkey will host the Middle East Tourism Exhibition in Ankara in May. At least 300 tourism professionals from at least 30 countries are expected attend the event including various specialist sectors as...

Posted on 18 April 2012

US Secretary of Commerce Praises Turkey’s Economic Progress

The US secretary of Commerce, John Bryson, has praised the economic progress Turkey has made over the last decade, and thinks Turkey could well become one of the 10 largest economies in the world in the future. He was speaking at a lunch organised by the progressive think tank Centre...

Posted on 13 April 2012

Turkey Property: Things to Watch for in 2012

Turkey property is currently among the most popular overseas property destinations in the world. Here are some of the big events potential property buyers should be watching out for this year. The New Law: Most potential property buyers will have heard about the new law. For those that haven't; the...

Posted on 12 April 2012

Economic Crisis Improves Relations Between Turkey and Greece

Historically relations between the Greek and Turkish nations have always been a little tense, but there is speculation that Greece’s recent economic woes may lead to something of a rapprochement between the two countries. Greece was quick to send aid to Turkey after the earthquake in the eastern province of...

Posted on 29 March 2012

Turkey Agrees FTA with Korea

Turkey and Korea have concluded talks on a bilateral free trade agreement, and the pact will now come into effect once it has been ratified by both parliaments. The deal was announced by President Lee Myung-bak and Turkish Prime Minister Recep Tayyip Erdogan when they met at Cheong Wa Dae...

Posted on 28 March 2012

Turkey and Venezuela Close to Oil for Homes Barter System

According to Mithat Cansiz, president of the Turkish Petroleum International Co Ltd (TPIC), Turkey is on the verge of agreeing a bartering arrangement with Venezuela. TPIC is an affiliate of the Turkish Petroleum Corporation (TPAO) which is run by the state. This innovative agreement would allow Turkish firms to construct...

Posted on 22 March 2012

Istanbul is a City Undergoing Transformation

Beyoglu is one of Istanbul's oldest districts and is a romantic glimpse into the past of this ancient city. However Istanbul is changing fast in order to deal with the economic expansion of the country, and although some people may be worried it's losing its identity, it is becoming a...

Posted on 15 March 2012

Urban Renewal Programme Under Starter’s Orders

Turkey is about to embark on a $100 billion urban renewal programme, which will reinforce or demolish buildings susceptible to earthquakes. It's due to begin in Istanbul in either April or May, and the transformation will encompass four major districts within the province. The bill for the project was recently...

Posted on 10 March 2012

Olu Deniz Voted Best Beach Spot in Europe

Tripadvisor.co.uk has just revealed its latest list of the world's top 25 beach holiday locations, and Olu Deniz is once again rated highly. The gorgeous Turkish lagoon bay is in 14th place, which is good enough, but it is also the highest rated European destination, which is even better. This...

Posted on 09 March 2012

Turkish News Roundup February 2011

New Flights February saw the addition of two new Turkish flights. Rusline announced new twice weekly flights between Nalchik and Istanbul Sabiha Gocken. Turkish Airlines continued their expansion with new indirect flights to Mogadishu in Somalia via Khartoum. Business/Investment February saw two major global firms make Turkey their regional hub....

Posted on 02 March 2012

Turkey’s Foreign Trade Deficit Falls by 4.7% in January

Turkey's foreign trade deficit fell by 4.7% year on year in January to $7 billion, according to the Turkish statistics bureau. The figures were welcome news especially as exports increased by 8.6% year on year to reach $10.4 billion, whereas imports rose by a mere 2.8% to reach $17.4 billion,...

Posted on 01 March 2012