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Category Archives: Turkey News

Global distress fails to shake Turkey’s tourism sector

Date: 18/12/2009 Global distress fails to shake Turkey's tourism sector Of the top ten tourist destination countries worldwide, only Turkey has managed to end the year with an increase in the number of visitors, despite the problems encountered in the industry worldwide, according to Turkey's Minister of Tourism, Ertugrul Gunay....

Posted on 14 February 2011

Turkey among fastest growing countries – says Citi Group banking

Date: 11/12/2009 Turkey among fastest growing countries – says Citi Group banking Citi Group has announced that Turkey is expected to see a 4.2 percent growth in 2010. Citi Group has determined that Turkey will be one of the countries to display the fastest growth in the economic recovery. The...

Posted on 14 February 2011

Turkish stocks may soar to record in 2010

Date: 11/12/2009 Turkish stocks may soar to record in 2010 The ISE (Istanbul Stock Exchange) National 100 Index jumped 3.7 percent in one day after Fitch lifted Turkey to BB+, the highest speculative-grade rating, citing the economy’s “resilience” during the global financial crisis. The gauge is “in a very strong...

Posted on 14 February 2011

Ritz-Carlton plans to open two more hotels in Turkey

Date: 11/12/2009 Ritz-Carlton plans to open two more hotels in Turkey International hotelier Ritz-Carlton plans to add two more hotels to its chain in Turkey, said the company head at a press meeting. Simon F. Cooper, President and Chief Operating Officer of the Ritz-Carlton Hotel Company, said they planned to...

Posted on 14 February 2011

Office rents get cheaper, but not in Istanbul

Date: 03/12/2009 Office rents get cheaper, but not in Istanbul Construction cranes stand above the Trump Towers Istanbul in Turkey's largest city. The world’s most expensive office markets got a little cheaper this year, but Istanbul, Turkey’s most populous city, was among the few cities in which office rent expenses...

Posted on 14 February 2011

More UK-Turkey flights planned

Date: 03/12/2009 More UK-Turkey flights planned An expanded schedule of 17 flights from the UK to Turkey a week are planned by Turkish low cost carrier Pegasus Airlines. Services planned for next year including London to Istanbul, Bodrum, Dalaman; Manchester to Antalya and Dalaman and Birmingham to Antalya and Bodrum....

Posted on 14 February 2011

Turkey – Major operators pick top ten choice for 2010

Date: 03/12/2009 Turkey - Major operators pick top ten choice for 2010 Turkey, Egypt and Mexico top the list of the top ten hottest holiday destinations in 2010 predicted by Thomson and First Choice. The sister operators under the TUI Travel umbrella also tip Tunisia, Greece, Majorca, Cuba, Croatia &...

Posted on 14 February 2011

SwedenÂ’s Foreign Minister warns Europeans against rejecting Turkey

Date: 30/11/2009 Sweden’s Foreign Minister warns Europeans against rejecting Turkey Foreign Minister Ahmet Davutoglu, Turkey’s chief negotiator for EU accession Egemen Bagis, Swedish Foreign Minister Carl Bildt, Spain’s Secretary of State for the EU Diego Lopez Garrido and Ambassador Marc Pierini, head of the Delegation of the European Commission to...

Posted on 14 February 2011

Europe’s largest mall opened in Istanbul

Date: 27/11/2009 Europe's largest mall opened in Istanbul Europe's largest shopping mall, has opened its doors. Developed by Multi Turkmall, Forum Istanbul is located in Bayrampasa, near the center of Istanbul's European side. The shopping center stands on 495,000 square meters of area, with 175,000 square meters of leased retail...

Posted on 14 February 2011

Turkey to encourage use of electric cars

Date: 27/11/2009 Turkey to encourage use of electric cars Turkey's Trade and Industry Minister Nihat Ergun stated that Turkey is seeking ways to encourage the use of electric cars in the country, adding that the necessary regulations are being planned and are slated to become effective by 2011. "Oyak Renault...

Posted on 14 February 2011