Economy

Real estate acquisition in Turkey accounts for 19.5% of the GDP. This figure surprises many, both domestic investors and international. Yet, Turkey’s real estate market, one of the most attractive in the world, has much going for it. From expected capital growth to the citizenship by investment program, Turkish real estate weathers the storms of … Continued

Favourable reforms to its visa system together with a bullish property market and dynamic high-end sector are helping to strengthen Dubai’s position as one of the world’s most attractive destinations to high net worth individuals (HNWIs) for both residency and investment, said international property specialist Spot Blue International Property in October 2022. The United Arab … Continued

A report by INSETE, Greece’s Companies Institute says the Greek tourism Industry during 2018 accounted for a staggering 21.6 billion euros in revenue amounting to 11.7% of the GDP. Proving to be a strong sector for the economy, foreign visitors generated 90% of the revenue. In 2018, just over 30 million foreigners descended on Greece … Continued

A buoyant property market combined with bullish economy, weak currency and rebounding tourism industry are creating attractive conditions for foreigners who invest in Turkey this year, said Spot Blue International Property in March. Here Spot Blue International Property outlines five key reasons the outlook is positive for homeowners and the housing market in Turkey in … Continued

While the Turkish economy performed exceptionally well in 2017, it seems Turkey is not about to sit back and relax. Looking to boost already fruitful political, economic, and military relations between Turkey and Africa, the President of Turkey, Recep Tayyip Erdogan has just toured the vast continent on a 5-day, 4-night trip. On this occasion, … Continued

In September 2017, Turkey’s Medium Term Economic Program for 2018 to 2020 was unveiled. Prepared every year by law, then approved by the cabinet, and released by the Ministry of Development, it is finally published in the Official Gazette of Turkey. The Medium Term Economic Program is a study of how the current economy is … Continued

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 in 2017. Exports from Turkey … Continued

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, commented that stability and order … Continued

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 in 11th place on the … Continued

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 economy. The resultant report noted … Continued

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, the Netherlands, the United Kingdom … Continued

Turkey is currently the 17th largest economy in the world but will climb steadily over coming years to reach 12th position by 2028, according to the latest World Economic League Table (WELT) by the Center for Economics and Business Research (CEBR), a leading economic analyst. The CEBR report also predicts that by 2028 Turkey’s annual … Continued