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Category Archives: News

Turkey Gets an Upgrade from Moodys

Many analysts have been predicting that Turkey was on the verge of receiving another upgrade from the ratings agencies, and that day has finally come. Moody's have upgraded Turkey by one level from Ba2 to Ba1 putting them now just one level below investment grade by Moody's scoring. Turkey is...

Posted on 21 June 2012

GE to Invest $900 Million in Turkey in Next 3 Years

General Electric Company is due to invest $900 million in Turkey over the next three years. The money will go to sectors such as energy, health, aviation, and transportation and infrastructure,, according to an announcement by Economy Minister Zafer Caglayan. According to him the new investment is a mark of...

Posted on 15 June 2012

Turkey Accepted As SCO Dialogue Partner

Turkey has been accepted as a dialogue partner in the Shanghai Cooperation Organisation. You may not have heard of it, but it is becoming one of the most influential political/military groupings in the world -- consider it the rising NATO of Asia, with 6 members China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan...

Posted on 08 June 2012

EBRD to Open Ankara Office as it Increases Investment in Turkey

The European Bank for Reconstruction and Development has paid another tribute to the investment potential of Turkey. The bank announced yesterday that it will open a new office in the Turkish capital Ankara. The EBRD has invested some 1.8 billion Euros into Turkish projects over the last three years since...

Posted on 31 May 2012

Istanbul Named Candidate City for 2020 Olympics

The IOC's decision to make Istanbul a candidate city to host the Olympic Games 2020, has been hailed as a historic one for Turkey by representatives of its campaign. The IOC decided on Wednesday to eliminate Doha and Baku leaving Istanbul in the race along with Tokyo and Madrid. Istanbul...

Posted on 25 May 2012

Turkey and EU Announce New Recipe to Put Accession Talks Back on the Menu

In the hopes of freeing up the blockage on Turkey's EU Accession campaign, Turkish EU Affairs Minister Egemen Bagis and EU Enlargement Commissioner Stefan Fule have put their collective weight behind a new "positive agenda" to put the negotiations back on track. "This is a special day in our relations,"...

Posted on 17 May 2012

EU Visitors Have Tripled Since 2000

The number of EU tourists travelling to Turkey has almost tripled in the last 10 years according to new data. During a meeting at the European Parliament in Brussels, Turkish tourism minister Ertrugul Gunay said that visitors from the EU “counted only 6.5 million in 2000 and are now 18...

Posted on 11 May 2012

The Law is Passed – More Foreigners Can Buy More Property in Turkey

Regular readers of this blog and most other sources remotely relating to Turkey or overseas property would only have needed the first part of the title to know what we meant. The Turkish Parliament has been discussing a new property law, to end reciprocity as a barrier to foreign buyers...

Posted on 04 May 2012

The Turkish Real Estate Industry is Great Says Trump

“The [Turkish] real estate industry is great.” Those aren't my words, but the words of one of the world's most successful (by a lot of measures not least wealth) businessmen Donald Trump. When asked if he foresaw any ballooning in the Turkish real estate market Trump answered: “I think the...

Posted on 27 April 2012

Turkish Government Passes New Law Allowing More Construction

The Turkish government recently passed a new law which will allow a parcel of land known as 2B to be used for construction. This land was formerly classified as a forest and covers 4.1 million acres and is in areas where agricultural and construction activity was previously banned by the...

Posted on 26 April 2012