Menu

Category Archives: Turkey

UK Due to Help Turkey with EU Bid

The UK recently announced it would support Turkey’s bid to join the EU during a visit to the country's by the Deputy Prime Minister Nick Clegg. The UK will help Turkey bring its judiciary up to the standard required by the European Union. In order to achieve this, a project...

Posted on 06 October 2012

Turkey to Clear IMF Debt by April 2013

Turkey is to clear its remaining debt to the IMF by April 2013 according to Prime Minister Erdogan in a statement made last week. “At the present we owe a total of $1.3 billion to the IMF and we will cut it to zero by next April,” Prime Minister Recep...

Posted on 04 October 2012

Turkey to be Declared Key Country for EU

The European Union is to declare Turkey as being essential for the prosperity and security of the area, but is still critical of Ankara’s failure to make progress towards accession. These issues are to be raised in the EU’s draft strategy paper, the Enlargement Strategy Paper which is due to...

Posted on 27 September 2012

Turkey to Become EBRD’s Second Biggest Investment Destination

The European Bank for Reconstruction and Development (EBRD) plans to invest 1 billion euros ($1.3 bln) in Turkey next year, predicting demand for finance will grow, especially in the agribusiness and renewable energy sectors. According to Suma Chakrabarti, the bank's president Turkey is set to overtake the Ukraine as its...

Posted on 13 September 2012

Arabs Flocking to Turkey and Spending Heavily

Not a year since the last report of record Arab tourism into Turkey we have another bumper report to share. According to the latest reports, the number of Arab tourists entering Turkey increased by 71% in the first six months of this year compared to the previous year. The rise...

Posted on 07 September 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

Turkey Publishes the Property A (Allowed to Buy) List – Are You On It?

As regular readers will know, the Turkish government recently announced that it had drawn up the list of countries that would be allowed to buy under the new reciprocity-free property law. It took a while for the list to become available to the public, but we have it now. As...

Posted on 17 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

The New Law is Law – Turkey Welcomes Many New Property Buyers

What a historic day; in years to come they'll ask, where were you when the law came into effect. Nah, that is a bit of an exaggeration, but this is still huge news for the Turkish property market. The Bill to end reciprocity was pushed through parliament and approved earlier...

Posted on 08 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