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Category Archives: News

Turkish Airlines Expanding Global Mega Hub in Ataturk

According to a new (and very interesting) report from aviation-industry analysis website Anna.Aero, Turkish airlines is successfully turning Istanbul into a global mega [travel] hub, as part of President and CEO, Dr Temel Kotil's aim of making it the largest airline on earth. The report goes on to explain the...

Posted on 13 December 2012

Turkey Hopeful of Receiving Better Ratings

Turkey is hopeful of receiving better ratings from international credit evaluators, as its foreign trade deficit fell 31% in October compared to October 2011. Figures from the Turkish Statistical Institute show exports grew by 11.6% in October year on year, while imports declined by 5.6% during the same period. It's...

Posted on 07 December 2012

Turkish Economy Set For Happy Christmas and New Year

While the Turkish economy has gone from the sick man of Europe to one of the continent's strongest and most stable economies over the last 10 years, it still has its problems. The biggest one has always been unemployment, but during the last 2 years this really started to fall....

Posted on 01 December 2012

Turkey Shows Off Growing Prowess with High Speed Trains

It's expected that Turkey's growing network of high-speed trains could save the country $800 million a year. By 2023 Turkey is expected to have 10,000 km of high-speed train lines out of a total of 25,000 km, and it's anticipated this will have a considerable effect on cultural, social and...

Posted on 29 November 2012

Istanbul’s New Airport to Be Built on Old Coal Mines

It was recently announced during a parliamentary session on next year's budget that Istanbul's new airport, which will be the city's third, will be built in northern Istanbul. According to the transport minister, Binali Yildrm, it is to be constructed on top of old coal mines that will be filled...

Posted on 23 November 2012

Istanbul Planners Press Ahead with 2020 Olympics Bid

Planners in Istanbul are already pressing ahead with preparations for the 2020 Olympics, as the city is currently one of the final three choices for these games. This has prompted numerous questions into where the venues could be located, and how Istanbul's infrastructure will need overhauling to cope with the...

Posted on 30 August 2012

Turkish Unemployment Falls to New Lows as FDI Pours In

According to the latest data from Turkstat, 8.2% of the working Turkish population was out of work as of May, the lowest level since 2005. As the Turkish economy continues to perform extremely well, the country continues to attract increasing amounts of foreign direct investment, which set new records at...

Posted on 16 August 2012

Gulf Big-Hitters (Funds) Planning to Invest Heavily in Turkish Property

We posted earlier this week on the government putting the new law in action and allowing foreigners from dozens more countries – including the gulf states -- to buy property in Turkey. According to a new report from Jones Lang La Salle, many institutional investors (sovereign wealth funds, investment funds...

Posted on 10 August 2012

Turkish Airlines Launches New Edinburgh-Istanbul Flight

More good news for anyone who owns or plans to own property in Istanbul, especially if they come from Edinburgh as Turkish Airlines have launched a new route between the two great cities, flying 4 times weekly from the Istanbul Ataturk hub to Edinburgh international airport. According to Anna Aero's...

Posted on 27 July 2012

Big-Hitting Asian Investment Fund to Bet Big on Turkey

Singapore based Temasek Holding, the 9th biggest investment fund in the world is examining Turkey’s different sectors for investment opportunities, according to daily Sabah. “We are looking for opportunities, we are going to come,” said Nagi Hamiye, who is in charge of Global Industrial Investments for the firm. He said...

Posted on 26 July 2012