Menu

News

Turkish Exports Soar thanks to Visa-Free Spree

Turkey’s exports have accelerated significantly, said Mehmet Büyükekşi, president of the Turkish Exporters’ Agency, attributing the increase to Turkey's agreeing visa exemption deals with more than 21 countries over the past decade. According to Büyükekşi visa free deals with Libya, Albania, Jordan and Kosovo in 2009, raised total foreign trade...

Posted on 30 April 2013

Turkish Tourism Revenues Surge

According to the latest data from Turkish Statistical Institution (TÜIK) tourism revenues in the first quarter hit almost $5 billion, an increase of 38.6% compared to the same period in 2012. According to the report the increase is attributed mainly to the 18.7% increase in visitor numbers, surpassing 5 million...

Posted on 27 April 2013

Spot Blue pivotal in driving Anglo-Turkish trade relations

As part of an on-going trade initiative to strengthen relations with the UK, members of the Turkish Government took time out from a business forum in London this week to open the London Stock Exchange, an event that presented an opportunity for Turkey's Minister of Economy, Zafer Caglayan, and chairman...

Posted on 26 April 2013

Turkish Budget Deficit Collapses in Q1 as Turkey Goes Private

More positive news for the Turkish economy as it continues to become the best and brightest in Europe. According to the latest data released at a press conference by Finance Minister Mehmet Şimşek, the Turkish budget deficit has fallen 86% during the first quarter courtesy of a surge in revenue...

Posted on 24 April 2013

Turkey ups its game as world golf destination, adding to its home ownership appeal

Value for money, world-class courses and a steady increase in the hosting of high profile events, including its first PGA Open later this year, are driving Turkey’s status as a global golf destination, at the same time adding value to Turkish property close to a fairway. Turkey is now the...

Posted on 23 April 2013

Renewed Vigour In EU Accession Progress Continues

More progress towards EU accession for Turkey as European Commissioner for Enlargement and European Neighbourhood Policy Stefan Füle called for the opening of the energy chapter of negotiations. “The [European] Commission thinks that Turkey is ready to negotiate the energy chapter,” Füle said in a written statement to the European...

Posted on 20 April 2013

Turkish Economy Minister Pushing for US Free Trade

In attendance at a meeting of Turkey’s top private sector representatives and Turkish-American business organization executives regarding a Turkey-US free trade deal, Turkish economy minister Zafer Caglayan said that the proposed Transatlantic Free Trade Agreement (TAFTA) could severely hinder Turkish trade with the US if it is implemented with the...

Posted on 18 April 2013

Turkish Interest Rates Lowered Again

Guarding against Lira appreciation the Turkish central bank chopped a further 50 basis points off its benchmark interest rate today and also cut overnight borrowing and lending rates. The bank cut the one-week repo policy rate from 5.5%to 5%, the borrowing rate to from 4.5% to 4% and the lending...

Posted on 16 April 2013

Turkey Increases Residency for Foreign Property Buyers

Turkey is one of the strongest and most stable economies in the world, and its property market is also experiencing strong, stable and sustainable growth, so it is easy to understand why more and more foreigners are looking to buy property in Turkey. But Turkey isn't resting on its laurels,...

Posted on 13 April 2013

Turkey Pushing Eurasia as it Splits Between the Two

Countries in Eurasia could play an important role in the new global structure, with Turkey's help according to a new statement from Turkish President Abdullah Gul. In a message to the 16th Eurasia Economic Summit in Istanbul today, where leaders from across the region are gathered to discuss a wide...

Posted on 10 April 2013