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Turkey To Ease Residence Permit Rules for Foreign Buyers

According to a statement by Turkish deputy PM Ali Babacan, the country is set to make further accessions to attract foreign property buyers, potentially including longer residency visas for foreign buyers. "Turkey should be more tolerant toward foreigners who buy houses and spend substantial amounts of money to spend time...

Posted on 15 March 2013

Turkish EU Negotiations Regaining Traction

Turkey's EU candidacy looks like getting back on track as senior EU officials put their weight behind a new push, with support from Ankara. Turkey's EU accession negotiations were opened in 2005 but soon hit a brick wall. Only 13 out of the 35 negotiation chapters have even been opened,...

Posted on 14 March 2013

Turkish Current Account Deficit Falls to 26-Month Low

The Turkish current account deficit fell again in January, according to the latest data from the Central Bank. According to the report the deficit fell 2% compared to January 2012 to the lowest level in 26 months. Turkey has become one of the most vibrant emerging markets in the world...

Posted on 12 March 2013

Turkish-Greek Tourism Forum Increases Ties between Two Countries

A Turkish-Greek tourism forum was recently held in Ankara and garnered considerable interest from Turkish and Greek officials and business-people. It's anticipated the forum will help increase the flow of tourists between Greece and Turkey through increasing cooperation between travel agencies in the two countries. The Greek ambassador was also...

Posted on 08 March 2013

Is 2013 the year to invest in ‘non-euro’ Turkey?

A strong Olympic bid, a new ‘mega’ airport and booming tourism – is 2013 the year to invest in ‘non-euro’ Turkey?  Turkey’s appeal to property investors has surged since the start of 2013, as the weaker Pound makes the Eurozone unattractive to UK buyers, plans for the world’s largest airport get under way in...

Posted on 07 March 2013

Trade Grows between the UAE and Turkey

Figures show that trade between Turkey and the UAE reached $9.1 billion during the first eight months of 2012, three times the amount in 2011. The economy in the UAE is predicted to grow by 4% in 2013 compared to 3% last year, and this should positively impact trade and...

Posted on 06 March 2013

Istanbul Ranks Top Property Investment 4th Year Running

For those of you who have been living under a rock, Istanbul has been ranked the top city in Europe for commercial property investment for the last 3 years running in PricewaterhouseCooper's report Emerging Trends in European Real Estate in conjunction with the Urban Land Institute. That is to say...

Posted on 04 March 2013

Incredible Growth in Turkish Air Traffic Continues

Turkey is currently one of the strongest and most stable economies in the world. The property market is also performing well with strong and stable growth coming out in all the indices. So more than ever before property investors are sitting up and paying attention to Turkey. Low property prices,...

Posted on 28 February 2013

Microsoft Knocking Down Turkey’s Door to Join Fatih Project

IT giant Microsoft is very keen to get into Turkey according to the latest announcement from Turkish Science and Technology Minister Nihat Ergün. Ergün has told how Microsoft has bolstered an early pledge to take part in its Fatih program – an education system built around tablet computers – adding...

Posted on 26 February 2013

Turkey to Open New EU Chapter with Help of France

According to Turkish EU minister Egemen Bagis Turkey submitted an action plan for opening a new EU accession chapter, having fullfilled the benchmarks neccesary to open said negotiation chapter. The news follows an announcement from the new French administration that it would help Turkey to get Chapter 22, “Regional Policy...

Posted on 23 February 2013