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Turkish Property Prices Continue Steady Growth

Turkish house prices continue to grow at a steady pace according to the latest data from Gyoder in partnership with Reidin. Over the first few months of this year, month in month out the index showed year on year growth averaging around 6% and monthly growth hovering around 1% or...

Posted on 09 November 2011

Turkey continues to grow economically during Eurozone crises

4 November 2011, Istanbul - Speaking to businessmen and women at the B20 business event being held during the G20 meeting in Cannes, France, Turkey’s Prime Minister, Recep Tayyip Erdogan, said due to successful planning Turkey continued to grow during the economic crises affecting the Eurozone. The Turkish Prime Minister...

Posted on 04 November 2011

Turkey Unaffected by Euro Debt Contagion says Erdogan

Speaking at the B20 business event at the G20 in Cannes, the ever-charismatic Turkish Prime Minister Erdogan told the audience of CEO's and businessmen that Turkey's history of reforms make it immune from the sovereign debt crisis engulfing Europe. "Structural reforms created an environment ensuring that, even in times of...

Posted on 04 November 2011

British Airways Looks to Increase Istanbul Flights

British Airlines is looking to further increase the number of transit flights to and from Istanbul, according to a manager with the firm. Gavin Halliday, who is the general manager of the firm's Europe and Africa operations said: "Not only has the number of people visiting Turkey increased, the number...

Posted on 03 November 2011

Turkish Banking Shares Surge on Central Bank Announcement

Turkish banking shares saw a three-day losing streak broken into a surge after the central bank cut reserve requirements on lira liabilities, which freed up capital for increased lending. The banking shared index rose 3.3% at the close, almost completely reversing the previous day's 3.5pc fall. The biggest gain was...

Posted on 28 October 2011

Turkey’s visitors just keep going up

27 October 2011, Istanbul - According to the Turkish Ministry of Culture and Tourism recently released data Turkey is now one of the world’s favourite tourism destinations with over 25 million visitors in the first 9 months of 2011. In September alone almost 4 million visitors went to Turkey, an...

Posted on 27 October 2011

Turkish Tourism Looks Set for 30m Target

According to the latest data tourism to Turkey is continuing to grow strongly. The Culture and Tourism Ministry has just released data on the first nine months of this year, showing tourism up 10.67% compared to the same period last year. This is slower than the 12% year on year...

Posted on 27 October 2011

Turkey’s construction sector hits new record

26 October 2011, Istanbul - According to Turkey’s GOYDER (the Association of Real Estate Investment Companies) there was a record breaking 1.8 million people employed in the construction business during the period 1 April to 30 June 2011, an increase of over thirteen percent. In the same period property sales...

Posted on 26 October 2011

South Korea’s Hyundai says Turkish quality is “outstanding”

25 October 2011, Istanbul - Speaking at the 2011 Izmir Autoshow Fair, Umit Karaaslan, Hyundai’s (Turkey) General Manager, indicated that the South Korean car manufacturing car company plans to double its production in Turkey. Karaaslan said “Hyundai’s decision process for the Turkey investment is in its final stage and works...

Posted on 25 October 2011

World Bank Plans to Boost Investment in Turkey

According to a top World Bank executive a new proposed Country Partnership Strategy will generate a considerable amount of investment for Turkey. "The Turkish government and World Bank have had talks in participating in CPS," Ulrich Zachau, the World Bank Turkey director, told Reuters in Ankara. The strategy is to...

Posted on 22 October 2011