Menu

Category Archives: News

Turkey’s Foreign Trade Deficit Falls by 4.7% in January

Turkey's foreign trade deficit fell by 4.7% year on year in January to $7 billion, according to the Turkish statistics bureau. The figures were welcome news especially as exports increased by 8.6% year on year to reach $10.4 billion, whereas imports rose by a mere 2.8% to reach $17.4 billion,...

Posted on 01 March 2012

Turkish Airports Continue Exceptional Growth

Traffic through Turkish airports is continuing to grow strongly according to the latest data. Anna.Aero, the airline data collation website has just published stats for January, which show incredible growth across Turkish airports. Dalaman was the best performer with passenger numbers up 41.1% year on year from 22,555 last January...

Posted on 24 February 2012

BT to Double Turkish Investment Create Global Satellite Hub

British Telecom has announced sweeping plans to make Istanbul not only a regional hub for its business (along with Dubai and Johannesburg, South Africa), but also a "Global Center of Satellite Excellence", according to aid Luis Alvarez, president in charge of Europe, Middle East, Africa and Latin America. Speaking at...

Posted on 17 February 2012

Turkish Airlines Starts Year with More New Flights

[caption id="attachment_12484" align="flwp" width="300" caption="A Turkish Airlines A330"][/caption] Turkish airlines finished 2011 with a big array of new flight routes, and has started 2012 in the same way. At the back end of last year Turkish airlines made the headlines for being quick to resume flights into Libya as soon...

Posted on 16 February 2012

Shock Snowfalls Freeze Life in Eastern Turkey

I'm dreaming of a white... Bitlis. Those in the town of Bitlis in eastern Turkey probably aren't dreaming of a white anything after almost a week of constant snow brought day-to-day life in the town to a standstill. Anything or anyone capable of moving freely in a snowdrift of 640cm...

Posted on 11 February 2012

Istanbul Number One in European Property Investment

Since the downturn struck I could count the number of times the Guardian has covered Turkish property, in the mainstream sections anyway, but we have a cracker in today's. After winning for the last 2 years on the trot, Istanbul has once again be named the property  investment hotspot of...

Posted on 03 February 2012

Turkey Starts 2012 One of Strongest Economies in World

We all heard a lot about the Turkish economy in 2011 I know I wrote a lot about it and the reports are still coming in now. As always, it takes time to prepare final figures for the entire year, but if the reports we have seen so far are...

Posted on 11 January 2012

New Flights to China Boost Istanbul Ataturk Airport

Last week saw Istanbul Ataturk's already award-winning global destination coverage increased further, when China Southern announced new flights to the airport from Beijing via Urumqi in the northwest. The flights start running Tuesdays, Fridays and Saturdays, served by 191 seat 757-200s. However, there are plans to expand on this quickly...

Posted on 02 December 2011

Fitch Affirms Turkey at BB+

Fitch Ratings has affirmed Turkey's rating at BB+ one step away from investment grade, despite revising the country's long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Positive. The agency also affirmed Turkey's Short-term foreign currency IDR at 'B' and Country Ceiling at 'BBB-'. "The revision of...

Posted on 23 November 2011

Foreigners Buying More Property in Turkey

The latest data from the Turkish Land Registry Director shows that some 123,,000 foreigners own 113,687 immovable properties in Turkey. The data shows that resort properties are still the most popular with foreigners, and they prefer established cities like Antalya, Mugla and Aydin ,as well as Istanbul and Bursa. The...

Posted on 18 November 2011