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Health tourism to Turkey is set to grow.

8th July 2011 – According to Muharrem Usta, CEO of Turkey’s Medical Park healthcare services group, “The government’s (Turkey’s) aim to earn USD 5 billion from providing medical services to foreigners is achievable”, Medical park is building 3 new hospitals in Istanbul, Izmir and Ankara especially focused medical services to...

Posted on 08 July 2011

Lloyd’s of London to open in Istanbul

7th July 2011 - Lloyd’s of London Chairman Peter Levene has announced that Lloyd’s has accepted the importance of Turkey as a regional and global financial centre and is entering the Turkish market as well as expressing regrets that Lloyd’s had not entered the Turkish market previously. Levene said “Turkey’s...

Posted on 07 July 2011

Turkish banks in most profitable global list

6 July 2011 The Banker magazine’s report “Top 1,000 World Banks” has rated 3 Turkish banks in the top 25 global banks for return on capital. In 6th place in the world was the Turkish Government owned Halk Bank followed by Ziraat Bank at 9th place, also Turkish Government owned, and in...

Posted on 06 July 2011

Istanbul Tourism – up 30% in 2011

5 July 2011 - According to the latest MasterCard Worldwide Global Destination Cities Index, Istanbul is forecasted to witness a 30% increase in tourism revenues in 2011. The Index has estimated Istanbul will receive 9.4 million foreign tourist who are expected to spend over 10 Billion USD. The Destination Index is...

Posted on 05 July 2011

Ford’s new commercial trucks – “Made in Turkey”

28 June 2011 – Ford Otosan Turkey (a manufacturing joint venture between Ford and Koc Holding) will start to manufacture its new Cargo heavy truck in Turkey. The trucks are to be marketed and exported to 65 countries around the globe with special emphasis on taking market share in the...

Posted on 28 June 2011

THY Voted “Best Airline Europe”

23 June 2011 – London based Skytrax World Airline Awards 20011 has voted Turkish Airlines (THY) “Best Airline Europe”, “Best Premium Economy Seats” and “Best Airline Southern Europe” as a result of surveys to over 18 million in 100 countries across the globe. The awards were judged against a variety categories which...

Posted on 23 June 2011

Talk Turkey With The Experts

21 Jun 11 David Walker, the Founder and MD of Spot Blue, a leading UK based property specialist for Turkey, is taking part in a seminar discussing buying property in Turkey, organised by the Turkish British Chamber of Commerce and Industry this Wednesday 22 June at 6pm. The seminar is...

Posted on 22 June 2011

Turkish unemployment down nearly 3%

16 June 2011 – Turkstat (the Turkish Statistics Institute) has reported that unemployment for March 2011 is down 2.9% compared with the corresponding period for 2010. The Turkstat report shows unemployment fell from 11.5 Percent in March 2011 to 10.8 Percent in March 2011 - the unemployment rate for March 2010 was...

Posted on 16 June 2011

Turkey Deserves Ratings Upgrade Says Leading Figure

Turkey has long deserved an ratings upgrade, after its performance throughout the financial crisis, as well as its being one of the most stable economies in Europe and the world in its aftermath. These are not our words, but those of Vedat Akgiray, the chief of the Capital Markets Board...

Posted on 16 June 2011

Foreign Investment in Turkey increases by over 125 Percent

15 June 2011 – Data released by the Central Bank of the Republic of Turkey shows FDI (Foreign Direct Investment) into Turkey increased by over 125 Percent for the period January to April 2011 against the same period in 2010. The total for this 2011 period reached over 4.5 Billion...

Posted on 15 June 2011