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Category Archives: Economy

Turkey’s Foreign Trade Statistics for First Half of 2017

A recent report published by the national news agency of Turkey, Anadolu has revealed foreign trade statistics for the first half of 2017. Using information, and data provided by the Turkish Statistical Institution (Turk Stat), the report also compared year on year figures of June 2016 and the same month...

Posted on 10 August 2017

Turkey Set to Confirm Potential Energy Project with Israel

Turkey’s energy minister Berat Albayrak has confirmed that he will visit Israel before the end of 2017 to finalise an ambitious gas line project from Israel to Turkey. The announcement was made at the 22nd World Petroleum Congress in Istanbul that ran from the 9th to the 13th of July....

Posted on 13 July 2017

Turkish citizenship for foreign investors as IAC meeting hailed a success

Foreigners who have invested in Turkey and meet certain conditions could soon be eligible for Turkish citizenship. Under a new scheme announced by Turkey’s Deputy Prime Minister Numan Kurtulmus in November, non-nationals who have made investments of a certain value in property and other fixed assets could become a Turkish...

Posted on 15 November 2016

UK and USA reiterate valued trade partnerships with Turkey

Turkey’s status as a global investment destination received a boost this month, after the country was endorsed by both the UK and USA. The first seal of approval came when British Foreign Secretary Boris Johnson used his first official visit to the country to underline the strong relationship between the...

Posted on 28 September 2016

Gulf States continue to drive Turkish market, while UK confirms long-term trade commitment

July’s failed coup appears to have done little to dampen long-term foreign interest in Turkey, after representatives from the Turkish Chambers of Commerce in the UK (TBCCI) expressed their on-going confidence in Turkey, while interest from Gulf nations continues to drive the Turkish property market. Chairman of TBCCI, Emma Edhem,...

Posted on 02 September 2016

Resilient Turkish economy is 3rd strongest in G20 and bodes well for investors

Turkey’s economy is outperforming the expectations of international financial institutions and remains one of the fastest growing members of the G20 – news that will be welcomed by foreign investors there in 2016. Data from the Turkish Statistical Institute (TurkStat) released at the end of March showed that of all...

Posted on 18 April 2016

Istanbul boosted by ranking in top 15 European cities for investment prospects in 2016

Istanbul has been ranked 14th in a recent report by international tax consultancy PwC and the Urban Land Institute that ranks 20 European cities by investment prospects. This is an impressive six places up from last year's listings and puts it ahead of London (15th), Edinburgh (18th), Frankfurt (20th), Brussels...

Posted on 12 February 2016

Turkey improves conditions for foreign investment in 2016

Turkey is set to become more appealing to foreign investors in coming months, thanks to reforms announced by the Government that are designed to improve the country’s investment environment. At the same time, new figures from Deloitte Turkey reveal that foreign investors are driving Turkey’s mergers and acquisitions (M&A) market....

Posted on 12 January 2016

AKP’s election victory seen as positive for Turkish property market

The result of Turkey’s November 1 election saw the country’s Justice and Development Party (AKP) win back its majority in the Turkish Government and as a result inject confidence into the country’s markets and currency. Instability and uncertainty had prevailed in Turkey after the inconclusive election in June, which saw...

Posted on 02 November 2015

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