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Emerging Turkey: Rising Oil Demand Fuels European Refineries

Turkey and its emerging market counterparts are keeping refineries open across the Mediterranean's developed nations according to the International Energy Agency's monthly oil report. The report says that growing demand from Turkey and North African nations is directly responsible for refineries in Italy and Spain's ability to stay in business....

Posted on 12 July 2013

Turkey and Belgium Team Up Against Double Taxation

Turkey and Belgium have increased their joint cooperation against double taxation. The pair have signed a new protocol to enable the increased flow of information in line with OECD standards aimed at negating the possibility of paying tax on the same income in two countries. The protocol, signed yesterday during...

Posted on 10 July 2013

Turkish Flights and Air Travel Continue to Soar

New data from the State Airports Management General Directorate (DHMİ) released on Friday shows that airline traffic at Turkey's airports increased by 7.6 percent in June over the same month last year. According to the data the number of passengers also went up by 12.9 percent in June year-on-year, with...

Posted on 06 July 2013

Turkish Exports Up 2.5% in First Half

According to the latest export data, Turkey sold products worth USD 74.66 billion in the first half of this year. This represents a growth of 2.5 percent compared to a year ago, the figures from the Turkish Exporters' Assembly (TIM) show. This sends positive signals for year-end goals according to...

Posted on 03 July 2013

Balkan Tourists Stuck on Turkey

According to  a new story in the SE Times tourists from the Balkan countries have not been turned off a Turkish holiday by the recent unrest in Istanbul. Turkey has been bogged down by news of the protests since the end of May. Some say it’s a storm in a...

Posted on 29 June 2013

Turkish Tourism Continues Strong Growth in May

Turkey is a tourists dream. In fact, it is like a food that you are apprehensive to try out but then when you do, you find out that you have been missing out terribly. Tourists made this realisation about Turkey round about 2002 and ever since then Turkish tourism numbers...

Posted on 26 June 2013

Turkey Real Estate Investment to Hit 10 Billion USD Annually

According to the latest data from the Association of Real Estate Investment Companies (GYODER), global investors ploughed 720 million USD into Turkish property investments in the first quarter of this year. This represents a growth of 89% compared to Q1 2012 according to the firm, which predicts that Turkey will...

Posted on 21 June 2013

Turkish Real Estate Put Forward for $50 Billion Investment

Turkey is courting Norway. Not in the biblical sense, (or even the mid-late 20th century romantical sense), but in the real estate investment sense. Norway has big plans to channel some 50 billion USD into investments in international real estate in the coming months and years. Big hitters in the...

Posted on 20 June 2013

Turkey Plans Continued Economic Surge

A draft for Turkey's 10th 5-year economic development plan has been sent to Parliament. According to the plan Turkey will reach an annual growth rate of 5.5%, have a 4.5% inflation rate, and a 7.2% unemployment rate by the end of 2018. The Ministry of Development plans to meet the...

Posted on 18 June 2013

Investors Cautiously Optimistic Around Turkish Social Movement

The growing "social movement" in Turkey is not a major cause of concern for investors according to a senior member of the Turkish Industry and Business Association. In a telephone interview with Hurriyet Bahadır Kaleağası, an international coordinator with the body said the international investors had noticed the differences between...

Posted on 15 June 2013