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Posts by Richard

Istanbul a tourism priority in 2015, as more foreigners visit Turkey

Promoting Istanbul as a city destination and a place to do business and exhibit are priorities for Turkey in 2015, said the Turkish Culture and Information Office at the World Travel Market in November. Turkey plans to capitalise on Istanbul’s being named the world's top destination in the 2014 TripAdvisor...

Posted on 10 November 2014

Strong economic data adds a shine to property investment in Turkey

Downward pressure on Europe’s economies continues to bypass Turkey, after the economy there recorded an encouraging 9.8 per cent year-on-year rise in foreign direct investment (FDI) in the first eight months of 2014. According to Ministry of Economy data, FDI in Turkey reached $8.6billion for the January-August period, which saw...

Posted on 04 November 2014

Joining elite marina club should benefit Bodrum property market

The chic new Palmarina on the Bodrum peninsula has been selected as a member of a global network of exceptional independent yacht marinas, run by marina company Camper & Nicholsons Marinas. Membership of the network, officially called The 178 Club, should encourage more of the international jet set who own...

Posted on 29 October 2014

Why two Istanbul districts have the wow factor in the Middle East

Two districts on Istanbul’s European side, namely Bahcesehir and Belikduzu, have become hot spots for Gulf investors purchasing second homes in 2014, said Turkish property specialist Spot Blue International Property in October. Julian Walker, director at Spot Blue International Property, commented: “A large proportion of our clients today are from...

Posted on 23 October 2014

Turkey’s stock exchange gaining stability globally

A sign of Turkey’s strengthening economy, the Istanbul Stock Exchange Market (Borsa Istanbul) is now ranked within the world’s top 20 most sustainable stock exchanges. Based on companies' environmental, social and corporate governance performance, the Sustainable Exchanges Index measures the sustainability of exchanges. The new rankings place the Borsa Istanbul...

Posted on 21 October 2014

Turkish Airlines sees rise in passengers, and gets digital!

National carrier Turkish Airlines, the world’s fourth largest in terms of destinations, recorded a 14.3 per cent year-on-year hike in the number of passengers it has carried in 2014 to the end of September. According to recent figures, Turkish Airlines passenger numbers reached 41.4 million by the end of September...

Posted on 14 October 2014

IMF predicts continued economic growth in Turkey

Turkey’s economy has grown by six per cent on average since 2010 and is set to continue growing albeit at a moderate pace, according to a report by the International Monetary Fund. An IMF team visited Turkey between September 11 and 24 and carried out its annual evaluation of the...

Posted on 06 October 2014

New air routes connecting Istanbul with the Gulf and Ukraine

Turkey can look forward to another air link with the Gulf, following the launch on October 2 of a new service between Kuwait and Istanbul. The route will be operated by Gulf Air and run twice a week. Gulf Air already offers a service between Istanbul and Bahrain. “This affords...

Posted on 30 September 2014

Why today’s Istanbul is attractive to non-resident Turkish and Arab investors

Turks and Middle Eastern citizens based around the world, including the Americas, who are looking for global investment opportunities could be missing out by not considering modern-day Istanbul and wider Turkey, said Turkey property specialist Spot Blue International Property in September. “In the USA alone there are an estimated 500,000...

Posted on 26 September 2014

Turkey rated as a top place in the world to direct foreign investment

Turkey ranks in the top 25 countries worldwide where international business executives are likely to direct foreign investment, according to a recent independent report. The 2014 Kearney Foreign Direct Investment Confidence Index lists Turkey as 24th,  and shows an increase in confidence in the country’s investment outlook compared to 2013....

Posted on 23 September 2014