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Category Archives: Economy

Turkey UAE Trade Back to 2008 Levels

The United Nations Ambassador to Turkey has said his time is dominated by promoting and facilitating business deals and investments between the two countries, as Turkey/UAE trade returns to near 2008 levels. Al-Mualla said that he is happy to see Turkey has a renewed focus and new vigour with regard...

Posted on 29 September 2010

Turkish GDP Grows 10.3% in Second Quarter – 3rd Fastest in World

This week saw Turkstat release figures for Turkish Gross Domestic Product growth in the second quarter and we have not been disappointed -- not by much anyway. According to Turkstat, Turkish GDP grew 10.3% year on year in the second quarter, following the massive 11.7% year on year growth recorded...

Posted on 15 September 2010

Nabucco Takes Huge Step Forward as 4 Billion Euro Loans Agreed

The Nabucco pipeline has taken a giant step forward this week when representatives from some of Europe's biggest financial institutions signed on the dotted line with regards their financing of the project. For anyone in the dark as to what Nabucco is, it is a huge pipeline project to connect...

Posted on 09 September 2010

Turkey Admission into Europe to be Electric this Month

Turkey maybe struggling to become a full member of the European Union, but they have successfully gained their entry into the European Electric Grid. Currently the European Union shares a combined electricity grid, with the exception of the UK, Finland, Norway, Sweden, and, of course Turkey, that is until now....

Posted on 08 September 2010

Turkish Economy Powering Forward as one of Hottest Emerging Markets

Turkey is continuing to drive forward on its path to one of the world's greatest emerging markets. Analysts believe the economy grew 10% in the first half of the year. And reports have emerged that this growth is continuing to fuel employment growth. The air transportation industry has been an...

Posted on 03 September 2010

Turkey Gaining Name as Top European Emerging Market

The stability of the Turkish banking sector, the currency, and the growth potential of the economy are continuing to impress global investors, and making its receiving Investment Grade status from the ratings agencies continuously more likely. "Turkey is Europe's BRIC," asserted David Cameron on a recent trip to Ankara. For...

Posted on 27 August 2010

Turkey Region by Region Part II: Izmir

Like Antalya, Izmir Province has some gorgeous bay-sheltered beaches, but rather than forming a bay, Izmir Province is formed by 2 bays. Izmir is a large region on Turkey’s Aegean coastline in south west Turkey. Looking round from the south you have Kusadasi, which, like Kas is famed for its...

Posted on 25 August 2010

“Unprecedented Year” Means Bags of Cheap Holidays in Turkey

The massive confluence of circumstances this year have caused a bargain bonanza of cheap holidays in Turkey. The travel industry was expecting a turnaround this year from last as the global economy was progressing into recovery, thus they ramped up their offerings. Then we had the volcanic ash cloud, the...

Posted on 11 August 2010

Turkish Airports See 24% Growth in Passenger Numbers this year

The phenomenal growth in Turkish air travel has continued according to the latest reports. According to the latest data that 44.3 million passengers went through Turkish airports between January and June this year, a 23.7%growth on the same period of last year. This follows the 7.3% year on year growth...

Posted on 05 August 2010

Turkey Continues to Strengthen Medical Tourism Package

The 15 percent year-on-year growth for the Anadolu Medical Center announced at a press conference in Istanbul last week shows Turkey is still on track to become a hub for international health tourism. According to a spokesperson the growth can be put down to a combination of competitive prices, cutting...

Posted on 08 July 2010