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Ford breaks ground for new factory in Turkey

Istanbul, 20 March 2012 - As part of its 1 billion USD investment, Ford Otosan broke ground on its third automotive manufacturing factory at Yenikoy in North West Turkey. Once the factory is completed in 2013 it will be home to a new light commercial vehicle. At the ground breaking...

Posted on 31 March 2012

Turkish Airlines offers more direct flights

Istanbul, 19 March 2012 - Turkish Airlines now offers direct flights to 189 destinations from its hub at Ataturk International Airport Istanbul which 15 more than Lufthansa from its Frankfurt hub. According to the airline tracking portal Anna.aero over the 10 years to 2010 Turkish Airlines tripled the number of...

Posted on 31 March 2012

Turkey’s unemployment down to under 10 percent

Istanbul, 16 March 2012 – According to data recently released by the Turkish Statistical Institute the unemployment rate dropped to 9.8 percent in December 2011. According to the data the number of employed people was 23.6 million in December 2011. Source: Invest in Turkey

Posted on 31 March 2012

Turkey’s FDI reaches 892 million USD in January 2012

Istanbul, 15 March 2012 – According to data recently released by Turkey’s Ministry of Economy, Turkey’s Foreign Direct Investment (FDI) was up over 70 percent in the first month of 2012 (January) compared with the same period in 2011. The January figure reached 892 million USD which included 150 million...

Posted on 31 March 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

It Really is a Special Time to Invest in Turkish Property

It really is a special time to invest in Turkish property. We can say that and you have every right to call us biased. However, I would challenge anyone, impartial, unbiased or otherwise to question our reasoning. It is like a perfect storm. A storm that has been brewing and...

Posted on 23 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

How to Buy a Property in Turkey – Literally

In this credit crunched, anti-trust, risk averse world that we currently live and operate, it is extra nice when one of our customers writes in to tell us and the world just how satisfied they were with our service in buying a property in Turkey. "Excellent service from Spot blue...

Posted on 21 March 2012

Spot Blue Director on Panel at APITS Live

Those of you planning to attend the A Place in the Sun Live show this year may already know about the buying advice seminars being held this year -- a schedule of seminars giving advice on various aspects of buying property abroad --, but what you may not know is...

Posted on 16 March 2012