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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

Turkish Air Travel Industry Flying Ahead

If you are looking for proof that Turkey is becoming a dominant force in international air-travel, tourism and therefore property investment then you really want to look at the latest news from  Anna.Aero. The website has reported several pieces of positive news for the Turkish travel industry. Crowned route of...

Posted on 05 April 2013

Currency flexibility makes Turkey more appealing

Multi-currency trading conditions in Turkey continue to make the country more attractive to foreign property-buyers than Eurozone destinations, following renewed uncertainty in Europe’s single currency bloc. A rising economic power, Turkey embraces a culture where trading in different currencies is the norm, while its own currency, the Turkish lira, remains...

Posted on 04 April 2013

Turkish Property 2012 Growth 4th Fastest in World

Turkey continues to blow the world away with its incredible growth and stability. The latest Knight Frank global house price index shows that Turkey was the 4th fastest growing property market in the world last year. The index, which is based on the collation of data from other sources shows...

Posted on 02 April 2013

S&P Upgrades Turkish Credit Rating – Again

Turkey has received yet another upgrade as Standard and Poor upgraded its credit rating from BB to BB+ yesterday. I say yet another not because of a spectacular amount, but because of a very reasonable amount of times since the international financial crisis began; at a time when most movements...

Posted on 28 March 2013

Istanbul Playing to its Strengths in Olympic Bid Slogan

Bridge Together. That is Istanbul's slogan for its 2020 Olympic bid.  According to experts the slogan is aimed at highlighting the city's unique geographic location straddling Europe and Asia. Youth and Sports Minister Suat Kılıç revealed the slogan yesterday, which was day-two of a four-day assessment of Istanbul's bid by the International...

Posted on 27 March 2013