Menu

Category Archives: Turkey

Big-Hitting Asian Investment Fund to Bet Big on Turkey

Singapore based Temasek Holding, the 9th biggest investment fund in the world is examining Turkey’s different sectors for investment opportunities, according to daily Sabah. “We are looking for opportunities, we are going to come,” said Nagi Hamiye, who is in charge of Global Industrial Investments for the firm. He said...

Posted on 26 July 2012

Turkish Property Prices Continue to Grow in June

While much of the world's economies and property markets getting seeminly more volatile and risky by the day, Turkish property prices continue to grow at the same steady rate (about 10% year on year), making it a great choice for investors looking to dial down on risk. Turkish property prices...

Posted on 19 July 2012

Foreigners Purchase Record Amount of Property in Turkey in May

Many of you will remember our previous posts on the new Turkish property law removing the reciprocity requirement for foreign buyers. The last one we wrote was jubilantly titled The Law is Passed – More Foreigners Can Buy More Property in Turkey. In previous articles we have shared the consensus...

Posted on 18 July 2012

Turkish Ministry Announces $31 Billion Industrial Zones

The Turkish Minister for science, industry and technology, Nihat Ergun, recently announced the government's plans to establish two major industrial zones in the provinces of Zonguldak and Konya. The cost of these industrial zones is estimated to be around $31 billion.   The decision to establish them has been based...

Posted on 12 July 2012

United Airlines and Turkish Airlines Launch Routes in July

US carrier United Airlines opened July a new flight into Turkey, connecting its New York Newark, NJ (EWR) hub with Istanbul Atatürk (IST) the hub of its Star Alliance partner Turkish Airlines. Flights on the new route operate daily with 183-seat 767-300ER aircraft. Indirect competition at JFK comes from Turkish...

Posted on 06 July 2012

Turkey to Sign Immigration Treaty for Visa-Free Talks

Turkey is hopeful of being able to secure visa free travel for its citizens to Europe within the next few years. If this happens it might give new life to relations between Turkey and the EU. A decision was recently taken by the European Union to open up talks with...

Posted on 29 June 2012

Turkey Now 6th Top Tourism Destination in the World

Earlier this year we reported that Turkey had finally crossed the 30 million visitor threshold in 2011, a target set for 2010 during the boom years. But that wasn't the only great tourism achievement for Turkey last year. According to a new report from the United Nations World Tourism Organization,...

Posted on 28 June 2012

Turkish Unemployment Rate Falls into Single Figures

The unemployment rate in Turkey fell by 0.9% in March year-on-year, to reach 9.9%. In February the unemployment rate was 10.4%, according to figures released by the Turkish Statistical Institute. Unemployment in urban areas reached 11.6%, while unemployment in rural areas was just 6.4% during this period. The number of...

Posted on 22 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 Gains Another US Supporter

Turkey's economic performance and the way it is holding itself of late (becoming a regional power) continues to make it more and more friends in very high places. Economic problems aside, the US is still the world's one true superpower, and Turkey continues to bring attention and praise from the...

Posted on 14 June 2012