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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

Turkey and Belgium Team Up Against Double Taxation

Turkey and Belgium have increased their joint cooperation against double taxation. The pair have signed a new protocol to enable the increased flow of information in line with OECD standards aimed at negating the possibility of paying tax on the same income in two countries. The protocol, signed yesterday during...

Posted on 10 July 2013

Turkish Flights and Air Travel Continue to Soar

New data from the State Airports Management General Directorate (DHMİ) released on Friday shows that airline traffic at Turkey's airports increased by 7.6 percent in June over the same month last year. According to the data the number of passengers also went up by 12.9 percent in June year-on-year, with...

Posted on 06 July 2013

Turkish Exports Up 2.5% in First Half

According to the latest export data, Turkey sold products worth USD 74.66 billion in the first half of this year. This represents a growth of 2.5 percent compared to a year ago, the figures from the Turkish Exporters' Assembly (TIM) show. This sends positive signals for year-end goals according to...

Posted on 03 July 2013

Clever land investors flying high in Turkey

Hungry investors looking for alternatives to today’s volatile financial markets should consider investing in land in Turkey, said Turkish property specialist Spot Blue, adding that buying land and building your own villa can also be a better long-term proposition for second homeowners. “Opportunities to buy land come in all shapes...

Posted on 02 July 2013