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Category Archives: Business and Industry

Bupa Set to Acquire Turkey’s Second Largest Health Insurer

In an announcement on their website, Bupa confirmed they set to acquire Acibadem Sigorta, Turkey’s second largest health insurer. Although the acquisition is still awaiting regulatory approval, the CEO of Bupa International said… “We’re delighted to announce Bupa’s agreement to acquire Acıbadem Sigorta. Its impressive growth, first-class management team and...

Posted on 21 August 2018

Why the continuity of President Erdoğan’s re-election could benefit Turkey

Recep Tayyip Erdoğan’s landmark victory at the polls in Turkey last month not only secured him his second five-year presidency but also delivered the foundations for a more stable economy in the country, a condition that should go some way towards reassuring international investors, said Spot Blue International Property in...

Posted on 13 July 2018

Turkey EU Business Relationships Continue to Thrive

Stats released by the national news agency Anadolu reveal Turkey EU exports rose 21.5% in the first quarter of 2018. The top three countries receiving exports were Germany, Italy, and the UK. This follows another report released in March 2018, that said last year, Turkey exported €69.7 billion worth of...

Posted on 15 June 2018

Turkey’s Air Traffic Statistics Achieving Record-Breaking Numbers

A recent press release by the General Directorate of State Airports Authority shows Turkey’s air traffic statistics for January to March of 2018 increased 21.5% year on year. During these months, 43 million people used airports in Turkey as their preferred method of travel. However, optimism is high that these...

Posted on 08 April 2018

A Rise in Cruise Ship Tourism in Turkey

Part of Turkey’s tourism plan that boosted it into the ranks of top visited destinations in the world was to diversify tourism niches to generate a year-round income in all sectors. This included cruise ship tourism that was until 2016, an ever-growing industry. Terrorist attacks, as well as a failed...

Posted on 29 March 2018

Dalaman Airport Gearing Up for a Busy Summer 2018

Expectations are high for the Turkish tourism industry in 2018, and one key player that will be cashing in on the glory is Dalaman Airport on the Mediterranean coast of Turkey. At the end of April, the airline hub will unveil its new 250 million Euro domestic terminal. Construction for...

Posted on 11 February 2018

Istanbul New Third Airport Promises to Minimize its Environmental Impact

In the current day and age, when most countries are actively taking part in minimising climate change, many people would question the construction of Istanbul’s New Third Airport and what impact it will have on the environment. They would also be within their rights to question it because when complete,...

Posted on 06 January 2018

Turk Telekom Reports a Successful 2017

A statement by CEO Paul Doany of Turk Telekom, the country’s leading telecommunications company, has revealed the company has exceeded their expectations for 2017 and are looking forward to continuing their growth in 2018. From January to September of 2017, Turk Telekom achieved double-digit growth resulting in a net profit...

Posted on 08 December 2017

What is Turkey’s Turquoise Card System?

Turkey’s Turquoise Card is a point-based application system aimed at attracting highly skilled foreigners and high-level investors to Turkey with the right to work and live in the country indefinitely. Many have said it is Turkey’s equivalent to the USA green card system. Called Turkuaz Kart in Turkish, it was...

Posted on 21 November 2017

Marriott Hotels Have Big Plans to Expand in Turkey

Turkish newspapers are reporting a recent announcement by Marriott international hotels to expand their operation in Turkey over the next three years. The announcement was made by the Vice president of Marriott operations during a recent meeting to discuss the success of the Four Points by Sheraton Hotel in Izmir....

Posted on 20 October 2017

The Ambitious Kanal Istanbul Project

President of Turkey, Recep Tayyip Erdogan recently announced that by late 2017 or early 2018, they will commence with the most ambitious part of the Kanal Istanbul project, an artificial sea-level waterway, that will change the face of the city. Up until now, attention has focused on the choice of...

Posted on 12 October 2017

Turkey’s Power Alternatives in the Energy Market

Demand for gas, oil and electricity in Turkey have continued to increase over the last few years as the country experiences a growing population, a robust economy and increased market production. However, the desire for cheaper, alternative energy, such as wind, solar and biogas, has become a top priority as...

Posted on 22 August 2017

More cranes break Turkey’s horizon as its construction sector keeps growing

Turkey’s appetite for building new homes is showing no signs of slowing down, according to recent figures by the Turkish Statistical Institute (TURKSTAT), which show the construction sector grew its turnover by 4.5 per cent in the last quarter of 2015 compared to the previous quarter. Year-on-year, this growth rises...

Posted on 28 April 2016

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...

Posted on 30 May 2014

World-class marinas putting the wind in the sails of Turkey’s lifestyle property market

Turkey’s growing marine tourism sector is expected to boost interest in property in coastal resorts in 2014, thanks to a raft of world-class marinas, many of them less than a year or two old, attracting an increasing number of lifestyle property investors, said Turkish property agency Spot Blue International Property...

Posted on 21 February 2014

Landmark new shopping centre – with its own Apple Store – a boost for Istanbul

Raising its profile as a city that offers world-class shopping, Istanbul’s landmark Maltepe Park shopping centre reopened in September after a 19-month overhaul with the assistance of global supermarket group Carrefour SA. The transformation of Maltepe Park, located in the city’s Maltepe district on the eastern bank of the Bosphorus,...

Posted on 24 September 2013

We heard it on the grapevine – the world gets a taste for Turkish wine

Turkish wine is attracting more attention globally, after a leading UK supermarket introduced it to its shelves for the first time this month and a Turkish woman becomes the first official wine expert from the country. In September Waitrose became the only British supermarket to stock a Turkish wine, namely...

Posted on 09 September 2013

Rail upgrades on track to increasing investment appeal of Istanbul property market

Many of Istanbul’s burgeoning residential districts are on the verge of becoming more accessible places to live, after a landmark new rail link connecting the European and Asian sides of the city neared completion when it carried its first passengers as part of a test run in August. The Marmaray...

Posted on 03 September 2013

Pfizer opens vaccine factory in Turkey

Istanbul, 24 November 2012 – Pfizer, a leading global pharmaceutical company, has opened its pneumococcal conjugate vaccine factory in Istanbul. The vaccine is used in fighting pneumococcal diseases in infants and young children and is part of Turkey’s Childhood National Immunization Program run by the Ministry of Health. Source: Invest...

Posted on 28 November 2012