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Category Archives: Business News

Strong tourism and FDI signal promising 2015 for Turkey

The first half of 2015 has fuelled international confidence in Turkey with its popularity growing on two fronts, namely as a tourist destination and a centre for foreign investment, according to reports out in May. The Association of Turkish Travel Agencies (TÜRSAB) said last month it expects an influx of...

Posted on 02 June 2015

Istanbul’s rising financial status to bolster Turkey’s bullish market in 2015

The Turkish real estate sector enters 2015 with high expectations thanks to the market ending 2014 with plenty of momentum and continuing signs of interest from foreign buyers. As December came to a close Turkey’s property sector was on course to completing a record-breaking year in terms of housing purchases...

Posted on 31 December 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. The...

Posted on 23 September 2014

Turkish property market prepares to wow investors at Dubai expo

The Turkish property market will be in the limelight next week, when the annual Cityscape Global property exhibition in Dubai takes place, with Turkey being the second most featured country after the host nation, the United Arab Emirates.Cityscape takes place on 21st-23rd September at Dubai’s grand World Trade Centre and...

Posted on 17 September 2014

Turkey in the world’s 50 most competitive markets, with rising exports

Turkey is the 45th most competitive market out of the world’s 148 most important economies, according to the 2013-2014 Global Competitiveness Report by the World Economic Forum (WEF). Six European countries dominated the top 10 places of this year’s GCR, namely Switzerland in first place, as well as Finland, Germany,...

Posted on 04 September 2014

Turkish economy continues on growth path in 2014-15, according to OECD

Turkey’s economy will grow stronger in the coming years, according to a statement released by the OECD in July, news that should encourage more foreign investors to the country.The OECD, which conducted a survey about the Turkish economy, said that Turkey’s short-term economic outlook has improved, and that buoyed by...

Posted on 11 July 2014

Istanbul’s case for becoming a global financial hub under the spotlight

Istanbul’s campaign to become a leading financial hub in the world was reiterated this month when the Turkey’s finance minister, Mehmet Simsek confirmed that the country aimed to be among the top-three performing economies in Europe within a decade and one of the top 10 in the world within the...

Posted on 17 June 2014

Istanbul’s profile as an international business hub goes up a notch

Istanbul’s appeal to international firms as a place to meet and do business is going from strength to strength, according to new research that ranks it the eighth most popular city in the world to hold a congress.New rankings based on the number of events held in 2013, compiled by...

Posted on 30 May 2014

Five reasons Erdogan’s re-election could help Turkey reach new heights

The re-election of Prime Minister Recep Tayyip Erdogan and his AK Party in Turkey has been welcomed by foreign investors, and should help to maintain healthy conditions for growth in the country’s real estate and tourism sector, said Turkish property agency Spot Blue International Property in April. “Continuity is important...

Posted on 04 April 2014

Turkey re-elects Erdogan and sees positive economic signs

The Turkish nation has re-elected Recep Tayyip Erdogan as its prime minister, after his AKP party scored a resounding victory in the country’s local elections on Sunday. Erdogan’s return to power is deemed by many as a positive step towards continuing the country’s strong economic development, thanks to his ambitious...

Posted on 01 April 2014