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New Marina at Cesme to Meet Twin Aims for Turkish Tourism

Turkey is keen to muscle in on the lucrative Mediterranean yacht tourism market with the announcement of a new 400-Berth Marina at Cesme, which follows the recently opened Altinkum marina, to become the latest in what is becoming a line of new multi-million pound marinas on the countries Mediterranean coastline....

Posted on 17 February 2010

Turkish Property Becoming the Popular Choice for Professional and Private Investors

Turkey’s Istanbul Real Estate Investment Trust saw returns increase by 3.2% in January, a month when REITs across Europe (with a few exceptions) saw returns from REITs falling. This is just the latest in a long line of reasons why more and more property investors are turning to Turkey in...

Posted on 12 February 2010

Turkey Visa-Free Agreements to Boost Tourism

In the last fortnight Turkey has taken two very significant steps to increase tourism to the country. Citizens from both Lebanon and Albanian can now travel visa-free to and from Turkey, and vice-versa for Turkish citizens. Albanian's can now stay up to 90 days in Turkey without the need for...

Posted on 11 February 2010

Turkish Airlines Posts Exceptional Growth in 2009 Passenger Numbers

Turkish Airlines, Turkey's flagship carrier saw passenger volumes grow in 2009, making it one of a only a few airlines to see growth in what will surely be known as one of the most difficult years for international aviation since the advent of the budget carrier. Not only that, but...

Posted on 04 February 2010

Turkish Economy to Grow More than Previously Expected Says World Bank

The World Bank country director for Turkey, Ulrich Zachau has said that the organisation "expects" Turkey's economy to grow by 4-4.5% this year, which is higher than the World Bank's running forecast of 3.5%. On the other hand, he said that high unemployment would continue to be a problem in...

Posted on 03 February 2010

Turkish US Trade to Increase by a Factor of 3

Speaking at a lunch hosted by the Turkish–American business council, U.S. Ambassador to Ankara James Jeffrey has said that trade between the two nations could increase by up to three times. After taking time to understand the problems and develop a plan for trade relations, Turkey and the United Sates...

Posted on 28 January 2010

Turkish 10 Year Bond Sale a Testament to Investor Confidence in Turkey

The Turkish government has raised 934million Turkish lira from the sale of landmark 10 year bonds, which, by all accounts brought tremendous demand at auction. Turkey's bond issuance is not the first and it will not be the last such move as countries attempt to raise some much needed cash...

Posted on 26 January 2010

Hilton to Open 15 New Hotels in Turkey

In one of the biggest testaments to the potential for growth in Turkish tourism to date; Hilton Hotels has announced that it will open 15 new hotels in Turkey. Hilton already has 9 hotels in Turkey, having been the first international hotel chain to invest in Turkey over 55 years...

Posted on 15 January 2010

Turkish Economy to See Growth Boosted by New IMF Deal in 2010

The Turkish economy is predicted to grow by around 5% this year. A whole slew of analysts and brokers at investment funds, research groups and banks have forecast growth of between 4 and 7%, with 5.2% being the average forecast from the reports I have read. The International Monetary Fund,...

Posted on 14 January 2010

Turkey to Hit Close to 30 Million Tourists Target for 2010

Turkish tourism and culture minister Ertuğrul Günay has said that if Turkey doesn’t hit its target for 30 million tourists in 2010 it will stagger it. No of course he didn’t really say that, but he did say that Turkey will receive close to 30million tourists this year. "I think...

Posted on 07 January 2010