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Category Archives: Business News

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

Turkey’s real estate sector in global spotlight at international property show

Turkish property has once again been a highlight at the world’s largest trade property exhibition, namely MIPIM and taking place in France 11th-14th March, after Turkey was chosen as one of three Countries of Honour for the second year running. Testament to the global interest in property in Turkey, more...

Posted on 13 March 2014

Foreign investment in Turkey remains strong, with Europe its most important trading partner

Turkey’s attraction to foreign investors and businesses remains strong, after figures from the Turkish Ministry of Finance revealed that foreign direct investment (FDI) into the country in 2013 totalled $12.686 billion. Capital inflow accounted for $10.1 billion while real estate purchases by foreigners exceeded $3 billion. The European Union remained...

Posted on 04 March 2014

“Turkey’s spectacular growth shows no signs of slowing,” leading economist tells the BBC

Goldman Sachs chief economist Jim O’Neill highlighted the spectacular growth that Turkey has undergone in recent years during a Radio 4 documentary this week, adding that there are no signs of the country’s economy taking its foot off the gas. O’Neill was visiting Turkey as part of his tour of...

Posted on 10 January 2014

World Bank President labels Turkey an “inspiration” and opens Islamic finance hub in Istanbul

Turkey has taken a step closer to becoming an important player on the global economic stage, following the opening of the Global Center for Islamic Finance in Istanbul on 30th October by World Bank Group President Jim Yong Kim. Jim Yong Kim was accompanied by Turkish Deputy Prime Minister Ali...

Posted on 22 November 2013

Turkey talks shop – demand for shopping space there now one of Europe’s highest

Highlighting Turkey’s growing middle class and its appetite for a consumer lifestyle, the country completed the second largest amount of new shopping space anywhere in Europe during the first half of 2013. The number one spot was taken by Russia. A report by international property consultancy Cushman Wakefield also showed that...

Posted on 19 November 2013

Spot Blue appears in Telegraph article about Istanbul tunnel

A recent article by the UK newspaper the Daily Telegraph, which outlines how the new Marmaray rail tunnel in Istanbul will attract more foreign businesses, features Spot Blue and includes quotes by Director Julian Walker, illustrating the firm’s increasing prominence in the region. In the article, Mr Walker says: “In...

Posted on 11 November 2013

Economic growth in Turkey predicted to be double that of other OECD nations

Turkey will see average annual growth of 5.2 per cent between 2012 and 2017, while other OECD members are forecast to grow at 2.4 per cent for the same period, President of the Investment Support and Promotion Agency of Turkey (ISPAT), Ilker Ayci, stated recently. Ayci added that Turkey is the...

Posted on 04 November 2013

Turkish investment delegation targets the world’s largest economy – the US

  Turkey’s on-going efforts to attract foreign investors took the country’s Investment Support and Promotion Agency of Turkey (ISPAT) to US capital Washington this month, where ISPAT President, Ilker Ayci, confirmed strong interest from US investors in opportunities in Istanbul and broader Turkey. Said Ayci: “These meetings proved that US...

Posted on 18 October 2013

Deals worth $1.3billion – Istanbul property goes down a storm at Dubai property show

Occupying the largest international pavilion at the Cityscape property exhibition in Dubai this year, Turkey has lived up to expectations of drawing Gulf investors, with one developer on course to net around $1.3billion worth of investment. Turkish developer Agaoglu Group confirmed that the Financial Center in Istanbul has been a...

Posted on 10 October 2013