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Turkey’s visitors just keep going up

27 October 2011, Istanbul - According to the Turkish Ministry of Culture and Tourism recently released data Turkey is now one of the world’s favourite tourism destinations with over 25 million visitors in the first 9 months of 2011. In September alone almost 4 million visitors went to Turkey, an...

Posted on 27 October 2011

Turkish Tourism Looks Set for 30m Target

According to the latest data tourism to Turkey is continuing to grow strongly. The Culture and Tourism Ministry has just released data on the first nine months of this year, showing tourism up 10.67% compared to the same period last year. This is slower than the 12% year on year...

Posted on 27 October 2011

Turkey’s construction sector hits new record

26 October 2011, Istanbul - According to Turkey’s GOYDER (the Association of Real Estate Investment Companies) there was a record breaking 1.8 million people employed in the construction business during the period 1 April to 30 June 2011, an increase of over thirteen percent. In the same period property sales...

Posted on 26 October 2011

South Korea’s Hyundai says Turkish quality is “outstanding”

25 October 2011, Istanbul - Speaking at the 2011 Izmir Autoshow Fair, Umit Karaaslan, Hyundai’s (Turkey) General Manager, indicated that the South Korean car manufacturing car company plans to double its production in Turkey. Karaaslan said “Hyundai’s decision process for the Turkey investment is in its final stage and works...

Posted on 25 October 2011

World Bank Plans to Boost Investment in Turkey

According to a top World Bank executive a new proposed Country Partnership Strategy will generate a considerable amount of investment for Turkey. "The Turkish government and World Bank have had talks in participating in CPS," Ulrich Zachau, the World Bank Turkey director, told Reuters in Ankara. The strategy is to...

Posted on 22 October 2011

Pegasus Airlines Launches Further Expansion from Istanbul Sabiha Gocken

Yet more new flights to the bustling Istanbul Sabiha Gocken airport were announced this week, when Pegasus Airlines launched a new route, flying thrice weekly between the airport and Kosovo capital Pristina. Competing on the route from Istanbul's other airport (Ataturk) are Turkish Airlines' daily service as well as Atlasjet's...

Posted on 21 October 2011

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....

Posted on 18 October 2011

Japanese air conditioning company invests 260 million USD in Turkey

17 October 2011, Turkey - Following the acquisition of Turkey’s Airfel, Daikin, a leading Japanese air conditioning manufacture, has announced it will be using Turkey as a regional centre for development and manufacture serving markets in Europe, the Middle East and Africa. Daikin paid 260 million USD for Turkey’s Airfel,...

Posted on 17 October 2011

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...

Posted on 14 October 2011

Turkey Property Boom Looks Set to Continue/Expand

The fact that the Turkish property market is booming this year is in little doubt, but there is increasing evidence that even with its rapid growth of late, that it could still be accelerating further. According to the latest data from the Turkish real estate investing partners association in conjunction...

Posted on 13 October 2011