Menu

News

Turkish bank teams with US money transfer firm to make sending money around the world simpler

Sending money between one of Turkey’s leading banks and an overseas destination has got easier thanks to the bank now providing a global money transfer service in all of its branches. Turkish bank DenizBank now offers MoneyGram’s money transfer service in all of its branches nationwide. “Now that we have...

Posted on 09 September 2013

Turkey in the top 50 most competitive economies in the world

Turkey is ranked 44th in the latest 2013-2014 Global Competitiveness Index (GCI), a table produced by the World Economic Forum (WEF) which assesses 148 economies around the world on their level of productivity according to each country’s institutions, policies and condition of their economy. This represented a fall of one...

Posted on 06 September 2013

Turkey and olives – a recipe for success!

Olives and the oil that comes from them are one of the highlights of life in the Mediterranean, with different countries, including Turkey, claiming to produce the best. However, one thing that is indisputable right now is the rising number of people around the world who now consume Turkish olive...

Posted on 05 September 2013

Rail upgrades on track to increasing investment appeal of Istanbul property market

Many of Istanbul’s burgeoning residential districts are on the verge of becoming more accessible places to live, after a landmark new rail link connecting the European and Asian sides of the city neared completion when it carried its first passengers as part of a test run in August. The Marmaray...

Posted on 03 September 2013

Tourists just can’t get enough of Turkey – as Egypt’s problems deter holidaymakers

Turkey’s popularity as a tourist destination is growing at a faster rate than anywhere else in the Mediterranean, according to recent figures from the Union of Mediterranean Tourist Hotels (AKTOB). The country welcomed 19.1 million foreign tourists over a period of seven months in 2013, signifying a 10.6 per cent...

Posted on 31 August 2013

Turkish football club signs record sponsorship deal with UK brand Vodafone

Istanbul football club Beşiktaş announced in August that it has signed a $145-million deal with British telecommunications group Vodafone, making it the country’s biggest ever sponsorship deal. The deal includes shirt sponsorship for five years and sponsorship of the new Beşiktaş stadium, expected to be completed next year and named...

Posted on 30 August 2013

Spot Blue searches for idyllic plot in Turkey – it’s what the doctor ordered!

Just five years after buying their first holiday home in Turkey, British surgeon Phil McLoughlin and his Malaysian wife Shanti have begun looking there for the perfect spot to build a house for their retirement. The couple, who live with their two teenage sons in St Andrews, are searching for...

Posted on 27 August 2013

Leading fashion brand coming to Turkey’s High Street by end of 2013

Shoppers in Turkey will soon have the chance to look as fashionable as their European neighbours, thanks to plans announced this month for the opening of Superdry stores there. The news comes after UK based SuperGroup, which owns the Superdry brand, signed a five-year exclusive franchise agreement with Turkish firm...

Posted on 27 August 2013

Weaker Lira and rate rise means more spending money for expats

Expats living off the interest paid on savings in their local Turkish bank can enjoy an extra meal out each week, after Turkey’s central bank raised interest rates for the first time since October 2011. It’s not uncommon for resident Brits to deposit lump sums in a high interest Turkish...

Posted on 23 August 2013

Spot Blue clients appear in Mail on Sunday

Happy customers of Spot Blue who bought a villa in Fethiye through the firm earlier this year and who are now looking for a plot on which to build their dream retirement home were featured in the Mail on Sunday on 18th August. In April this year surgeon Phil McLoughlin...

Posted on 20 August 2013

Turkey bucks the trend with bullish commercial property market

The first half of 2013 has seen Turkey’s commercial property market record strong growth and attract increasing investment, according to a report by international property consultancy Jones Lang LaSalle. The investment market has gained significant liquidity with a few major transactions completed in the past six to eight months, said...

Posted on 20 August 2013

Property agency Spot Blue marks 10th anniversary with focus on wider global opportunities

Spot Blue International Property Ltd, a leading UK-based Turkey property specialist, is celebrating its 10-year anniversary this month and with it announcing increased efforts to target investors from the growing international market, as well as the more established European countries. Founded in August 2003 by chairman David Walker, who spotted...

Posted on 18 August 2013

Skyfall: Istanbul, Adana & Fethiye for James Bond fans.

Skyfall released in 2012 (directed by Sam Mendes and starring Daniel Craig) was the twenty-third James Bond film. An action film needs a good backdrop, and Turkey has many picturesque locations. They filmed scenes for the film in  various locations in Turkey over a three month period in 2012.  ...

Posted on 07 August 2013

Turkish resort of Alanya on cloud nine as international flights take off at local airport

Tourist numbers and demand for property in the southern Turkish resort of Alanya are expected to record a rise during 2013, thanks to a steep hike in the number of international flights - in particular from northern Europe - arriving at the nearby regional airport at Gazipasa. By the end...

Posted on 01 August 2013

Turkish Tourism Continues to Grow

The number of tourists visiting Turkey increased by 4.93 percent in June compared with the same month of the previous year according to data released by the Ministry of Culture and Tourism on Thursday. The increase took the total number of visitors in June to 4.7 million, while the number...

Posted on 27 July 2013

Istanbul Olympic Bid Picking Up Pace Says Official

There is "overwhelming" domestic support for Istanbul's 2020 Olympic bid according to Hasan Arat, chair of the Istanbul 2020 Bid Committee, adding that the body plans to promote the city for the games right up unti the IOC makes its decision September 7. With Istanbul still in the running against...

Posted on 26 July 2013

Turkey Set to Become Top Economy in OECD

According to the latest predictions of the Organisation for Economic Cooperation and Development (OECD) Turkey is set to post the second highest GDP growth in the organisation next year, it said in its "Employment Outlook 2013" report. In the report Turkey was named as one of the few countries that...

Posted on 24 July 2013

Ford to Complete Move From UK to Turkey

Ford Motors, one of the world's largest car manufacturers is closing up its operations in Britain and moving completely over to Turkey. After recently closing its 40 year old plan in Southampton the firm is now set to do the same in Dagenham beforing moving the operation across to its...

Posted on 19 July 2013

Law Change Could End Military Involvement in Politics

In its latest move to remove the military from Turkish politics the Turkish Parliament on Saturday amended an army regulation that had often been used as a precursor for the military to get involved in politics and even to overthrow previous governments on several occasions. This regulation, or one article...

Posted on 17 July 2013

Emerging Turkey: Rising Oil Demand Fuels European Refineries

Turkey and its emerging market counterparts are keeping refineries open across the Mediterranean's developed nations according to the International Energy Agency's monthly oil report. The report says that growing demand from Turkey and North African nations is directly responsible for refineries in Italy and Spain's ability to stay in business....

Posted on 12 July 2013