Greek Tourism Industry going from Strength to Strength

A report by INSETE, Greece’s Companies Institute says the Greek tourism Industry during 2018 accounted for a staggering 21.6 billion euros in revenue amounting to 11.7% of the GDP. Proving to be a strong sector for the economy, foreign visitors generated 90% of the revenue. In 2018, just over 30 million foreigners descended on Greece […]

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Early economic and tourism indicators point to a bounce-back in Turkey

A buoyant property market combined with bullish economy, weak currency and rebounding tourism industry are creating attractive conditions for foreigners who invest in Turkey this year, said Spot Blue International Property in March. Here Spot Blue International Property outlines five key reasons the outlook is positive for homeowners and the housing market in Turkey in […]

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Turkey and Africa’s Fruitful Business Relations

While the Turkish economy performed exceptionally well in 2017, it seems Turkey is not about to sit back and relax. Looking to boost already fruitful political, economic, and military relations between Turkey and Africa, the President of Turkey, Recep Tayyip Erdogan has just toured the vast continent on a 5-day, 4-night trip. On this occasion, […]

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Turkish Tourism Revenue in 2017 Rebounded By 18.9%

The Turkish Statistical Institution (Turk Stat) has unveiled its latest report showing Turkish tourism revenue in 2017 rebounded by 18.9% year-on-year. Reaching its peak in 2014 with a record-breaking 34 billion USD, it dropped drastically in the following two years after a series of terrorist attacks and a failed coup rocked the tourism industry in […]

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Turkey’s Medium Term Economic Program

In September 2017, Turkey’s Medium Term Economic Program for 2018 to 2020 was unveiled. Prepared every year by law, then approved by the cabinet, and released by the Ministry of Development, it is finally published in the Official Gazette of Turkey. The Medium Term Economic Program is a study of how the current economy is […]

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Turkish Economy Shows Biggest Growth in the G20

The latest figures released by Turk Stat, the Turkish Statistical Institute revealed that Turkey is the fastest growing G20 economy after it clocked up record figures for the third quarter of 2017. Beating China and India, from July to September, growth came in at 11.1%, the highest double-digit figure recorded since 2011. In an interview […]

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Turkey Set to Exceed 2017 Export Targets Amid Growth Revision

A statement by the president of the Turkish Exporters Assembly revealed that the Turkish government is optimistic it will surpass 2017 export targets. By November of 2017, exports were showing a 14% increase year on year, netting a total 142.4 billion dollars. The year-end goal is 156.5 billion. Crediting the massive surge to the automobile […]

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Turkey's Foreign Trade Statistics for First Half of 2017

A recent report published by the national news agency of Turkey, Anadolu has revealed foreign trade statistics for the first half of 2017. Using information, and data provided by the Turkish Statistical Institution (Turk Stat), the report also compared year on year figures of June 2016 and the same month in 2017. Exports from Turkey […]

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Turkey Set to Confirm Potential Energy Project with Israel

Turkey’s energy minister Berat Albayrak has confirmed that he will visit Israel before the end of 2017 to finalise an ambitious gas line project from Israel to Turkey. The announcement was made at the 22nd World Petroleum Congress in Istanbul that ran from the 9th to the 13th of July. Known as the Olympics of […]

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Turkish citizenship for foreign investors as IAC meeting hailed a success

Foreigners who have invested in Turkey and meet certain conditions could soon be eligible for Turkish citizenship. Under a new scheme announced by Turkey’s Deputy Prime Minister Numan Kurtulmus in November, non-nationals who have made investments of a certain value in property and other fixed assets could become a Turkish citizen. According to Kurtulmus, government […]

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