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Turkish Banking Shares Surge on Central Bank Announcement

Turkish banking shares saw a three-day losing streak broken into a surge after the central bank cut reserve requirements on lira liabilities, which freed up capital for increased lending. The banking shared index rose 3.3% at the close, almost completely reversing the previous day's 3.5pc fall. The biggest gain was...

Posted on 28 October 2011

Turkish Tourism Looks Set for 30m Target

According to the latest data tourism to Turkey is continuing to grow strongly. The Culture and Tourism Ministry has just released data on the first nine months of this year, showing tourism up 10.67% compared to the same period last year. This is slower than the 12% year on year...

Posted on 27 October 2011

World Bank Plans to Boost Investment in Turkey

According to a top World Bank executive a new proposed Country Partnership Strategy will generate a considerable amount of investment for Turkey. "The Turkish government and World Bank have had talks in participating in CPS," Ulrich Zachau, the World Bank Turkey director, told Reuters in Ankara. The strategy is to...

Posted on 22 October 2011

Pegasus Airlines Launches Further Expansion from Istanbul Sabiha Gocken

Yet more new flights to the bustling Istanbul Sabiha Gocken airport were announced this week, when Pegasus Airlines launched a new route, flying thrice weekly between the airport and Kosovo capital Pristina. Competing on the route from Istanbul's other airport (Ataturk) are Turkish Airlines' daily service as well as Atlasjet's...

Posted on 21 October 2011

Turkey Property Boom Looks Set to Continue/Expand

The fact that the Turkish property market is booming this year is in little doubt, but there is increasing evidence that even with its rapid growth of late, that it could still be accelerating further. According to the latest data from the Turkish real estate investing partners association in conjunction...

Posted on 13 October 2011

Jet2 Expands Turkey Coverage with New Manchester-Istanbul Route

Another day another dollar and another week another new flight for Istanbul airports. This week we see the announcement of another new budget flight linking Manchester in the UK and Istanbul from growing operator Jet 2.com. This is Jet2.com's first flight into Istanbul, all though it does have substantial coverage...

Posted on 07 October 2011

Turkey Leading Growth in Mergers and Acquisitions

Further proof that Turkey is one of the hottest emerging markets in the world has emerged in new research by Bloomberg on global mergers and acquisitions. According to the research Turkey is now well above the BRIC nations in terms of mergers and acquisitions as more deals are signed in...

Posted on 06 October 2011

Top of the Props September Shows Increasing Spending Power

It's that time of the month again, and the top ten properties for September reveal some interesting trends, and confirm some others. First of all the dominance of Altinkum continues, despite of the fact that the average price range of the most popular properties continues to increase, now to around...

Posted on 29 September 2011

Turkey Property News Roundup September

Here is a roundup of some of the biggest stories in the world of Turkish property this month as seen from the eyes of Spot Blue. Turkey Proposes Dropping Reciprocity in Property Sales People can currently buy property in Turkey from any country in the world, apart from those countries...

Posted on 28 September 2011

Arab Spring Fuels Booming Tourism, Property Sales and Economy in Turkey

The Turkish economy was the fastest growing in the world in the first six months of this year, with GDP growing 8.8% in the year to end June according to the latest data from Turkstat. The Turkish statistical body also revised upwards its first quarter GDP figures, from the 11%...

Posted on 15 September 2011