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Turkey’s Eastern Provinces Gain $6 Billion in Investment

The eastern provinces in Turkey have managed to secure $6 billion in investment during the past four months, thanks to the government’s industrial incentives program, according to a report from the Science, Industry and Technology Ministry. The government plan has divided the country into six regions, giving the least developed...

Posted on 19 October 2012

Turkish Exports Continue to Grow Strongly in September

At 11.4 billion USD Turkish exports increased by 7.4% year on year in September. The year-to-date performance is even more impressive, with 111.4 billion USD taking us up 12.1% compared to the same period in 2011. Par for the current course automotive exports remained at the top of the tree...

Posted on 18 October 2012

Turkey Property Becoming More Popular amongst Investors

Turkey is set to become more popular amongst investors, especially as it recently opened up its property sector for foreign investment. According to a report by Jones Lang LaSalle, this new law is especially expected to affect investors from the Gulf countries who are looking to buy residential property, but...

Posted on 12 October 2012

Big News on the Turkish Golf Scene

It's all go in the Turkish golf scene this week. Not only did Tiger Woods make the headlines for all the wrong reasons in the Turkish Airlines World Golf Final, but the first official Turkish Golf Open as part of the European PGA Tour was also announced. The new tournament...

Posted on 11 October 2012

UK Due to Help Turkey with EU Bid

The UK recently announced it would support Turkey’s bid to join the EU during a visit to the country's by the Deputy Prime Minister Nick Clegg. The UK will help Turkey bring its judiciary up to the standard required by the European Union. In order to achieve this, a project...

Posted on 06 October 2012

Turkey to Clear IMF Debt by April 2013

Turkey is to clear its remaining debt to the IMF by April 2013 according to Prime Minister Erdogan in a statement made last week. “At the present we owe a total of $1.3 billion to the IMF and we will cut it to zero by next April,” Prime Minister Recep...

Posted on 04 October 2012

Turkey Continues Global Outreach with New Gambia Agreement

One of the things I love most about the Turkish government's economic management is the fact that it never rests on its laurels. When Turkey reached visa-free deals with several Arab states just before the Arab spring eradicated much of its competition for Arab tourism it seemed as though Erdogan...

Posted on 28 September 2012

Turkey to be Declared Key Country for EU

The European Union is to declare Turkey as being essential for the prosperity and security of the area, but is still critical of Ankara’s failure to make progress towards accession. These issues are to be raised in the EU’s draft strategy paper, the Enlargement Strategy Paper which is due to...

Posted on 27 September 2012

New Award Confirms Spot Blue as leading Overseas Property Agency

UK based Spot Blue, a specialist in buying and selling property in Turkey, has won the category of “Real Estate Agency Website - Turkey” at the 2012-2013 European Property Awards. The accolade for www.spotblue.com was announced at a prestigious event at the London Marriott Hotel on Monday, 24th September. The...

Posted on 27 September 2012

Natural Gas Reserves Found on Turkey’s Black Sea Coast

It was recently announced that natural gas deposits have been found on Turkey's Black Sea coast. This is an extremely important development as it is one of Turkey's first natural gas reserves. The Turkish Petroleum Corporation (TPAO) was in charge of the drilling operation that discovered the key natural gas...

Posted on 21 September 2012