Category Archives: Industry Sectors

Turkish Industrial Production in 12.1% Annual Growth in January – Turkstat

Turkish industrial output was up 12.1% year on year according to the latest data released by Turkstat. This compares to a growth of 1.5% in European Union industrial production over the same period. Calendar adjusted industrial production in Turkey increased by 16.1% year on year, and by 0.3% month on...

Posted on 12 March 2010

Turkey Visa-Free Agreements to Boost Tourism

In the last fortnight Turkey has taken two very significant steps to increase tourism to the country. Citizens from both Lebanon and Albanian can now travel visa-free to and from Turkey, and vice-versa for Turkish citizens. Albanian's can now stay up to 90 days in Turkey without the need for...

Posted on 11 February 2010

Turkish Economy to Grow More than Previously Expected Says World Bank

The World Bank country director for Turkey, Ulrich Zachau has said that the organisation "expects" Turkey's economy to grow by 4-4.5% this year, which is higher than the World Bank's running forecast of 3.5%. On the other hand, he said that high unemployment would continue to be a problem in...

Posted on 03 February 2010

Hilton to Open 15 New Hotels in Turkey

In one of the biggest testaments to the potential for growth in Turkish tourism to date; Hilton Hotels has announced that it will open 15 new hotels in Turkey. Hilton already has 9 hotels in Turkey, having been the first international hotel chain to invest in Turkey over 55 years...

Posted on 15 January 2010

A Look Back at Turkey’s Economic News Week

This has been a big week for the Turkish economy, and to a certain extent, for the property market as well. Firstly the Central Bank kept the key interest rates unchanged for the first time since October 2008; with the overnight borrowing rate at 6.5% for the overnight rate, and...

Posted on 18 December 2009

Turkish Textile Industry Receives Record Orders – Clear Sign of Global Recovery

Turkey's textile industry has received record orders, in one of the clearest signs yet that the global economic recovery is underway. Yes, you are forgiven for thinking, what? And yes, you are right, record orders in the Turkish textile industry is the kind of headline you can easily skip right...

Posted on 17 December 2009