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Category Archives: News

Developments Securing Istanbul’s Place as one of World’s Great Cities

Istanbul continues to grow into one of the world's most impressive cities. This week it was revealed that Arista, an affiliate of Turkey’s Ar Group, is set to invest nearly $1 billion into new office and residence projects in the city. The news came in the same breath as we...

Posted on 13 May 2011

Turkish Car Sales Hit New Peak in January

In 2010 Turkey's automobile industry became a dominant force within Europe, and early signs for 2011 show that this looks set to continue. Car and light commercial vehicle sales grew 64% year on year in the first 4 months of this year according to new data from the Automotive Distributors...

Posted on 06 May 2011

Turkish Exports Up 25% in April — 22% in Q1

Of all the news on the Turkish economy, the record exports in April is arguably the most significant. If you read like I do on the Turkish economy you will see that the news is overwhelmingly one-sided on the positive side, and that the negative news is almost all centred...

Posted on 05 May 2011

“Canal Istanbul” to Replace Bosporus as Istanbul Shipping Lane by 2023

Istanbul is making headlines again. Twice in one week. Just a few days after the world discussed plans to split Istanbul in two for easier governance, Prime Minister Recep Tayyip Erdogan has unveiled a grander if less controversial plan to create a new canal to bypass the Bosporus – although...

Posted on 28 April 2011

Bodrum to Come Alive with Color, Host Festival this September

Bodrum will be one of the most exciting places in the world this September when it hosts the Mediterranean Colours festival – one of the largest festivals the Mediterranean has ever seen. The festival will feature over 2000 dancers from 30 countries, and will see Bodrum become alive with Carnival fever...

Posted on 24 April 2011

Turkey Property: Foreign Sales up 40% in 2010

Last year we reveled in the report that 32,000 Brits owned some 6 million square meters of Turkish property, as the dominant grouping of foreigners who then owned 65 million square meters of land. Well, if that was good then the report released last week by GYODER can only be...

Posted on 21 April 2011

Turkey Dominant in Trip Advisor Chart of Best Beaches

TripAdvisor has just unveiled its chart of the top 25 beaches in the world, and we are very proud to see many Turkish beaches making the grade. At number 5 we have Olu Deniz. Those who know the place will be unsurprised by everything, except maybe that it is not...

Posted on 08 April 2011

With Turkish GDP Up 8.9% in 2010, Can Erdogan Keep his Grip on Inflation?

Turkstat has just revealed its data on GDP growth for 2010 and the final figure was 8.9%, considerably higher than the 6.4% reported by Prime Minister Erdogan at the start of the year. According to the data, the Turkish economy grew 9.2% in the fourth quarter, following growth of 11.3%,...

Posted on 01 April 2011

Antalya Named One of Top 4 Tourist Destinations in World

Who would a thunk it? In 2008 the Association of British Travel Agents caused a stir in 2008, when they revealed that Dalaman  was the number one destination for British tourists. Well, now the Turkish Culture and Tourism Ministry has revealed that Antalya is now one of the 4 most...

Posted on 26 February 2011

Property in Side (See-Day) Finally Getting Credit it Deserves

Property in Side is one of Turkey's greatest treasures, which is only in recent years gaining the credit it deserves for the uniqueness and beauty of its very special location. Side sits on a headland stretching out into the Mediterranean sea. Thus, Side has sea on three sides. Needless to...

Posted on 28 January 2011