Spot Blue Property News

24/05/2012
Turkey’s industrial production up 2.4 percent

Istanbul, 14th May 2012 - Recently released data from the Turkish Statistical Institute shows industrial production increased by 2.4 percent in March 2012 compared with March 2011. The increase beat the forecasts by 0.2 percent. Electricity, gas, steam and air conditioning supply index increased by 7.9 percent, the mining sector index increased by 4.3 percent […]

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24/05/2012
Turkey Again Named as Top Investment Choice in Europe

Marketwatch has just ran a story profiling Turkey and Poland as Europe's two investment beacons for the next few years; suggesting that investors get in now if they want to get in early. Of course, this is not a new position for Turkey, as the country has been named one of the world's top emerging […]

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24/05/2012
US Caterpillar equipment maker looking at investment opportunities in Turkey

Istanbul, 24 May 2012 - According to Nihat Ergun,Turkey’s Minister of Science, Industry and Technology, US heavy equipment maker Caterpillar has indentified Turkey for its investment strategy. Caterpillar has been impressed withTurkey’s new investment incentive scheme and were briefed about the new schemes during Turkey’s President Abdullah Gul’s recent visit to the US. “Caterpillar is […]

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18/05/2012
Tourism Ministry Reports Strong Growth in Arab Visitor Numbers

The Arab invasion has begun. Kidding of course, but according to a new report from the Turkish ministry for culture and tourism the number of Arab tourists has grown rapidly this year. The ministry reports that visitors from qatar in the first four months of the year doubled compared to the same period last year, […]

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17/05/2012
Turkey and EU Announce New Recipe to Put Accession Talks Back on the Menu

In the hopes of freeing up the blockage on Turkey's EU Accession campaign, Turkish EU Affairs Minister Egemen Bagis and EU Enlargement Commissioner Stefan Fule have put their collective weight behind a new "positive agenda" to put the negotiations back on track. "This is a special day in our relations," EU Enlargement Commissioner Stefan Fule […]

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17/05/2012
The Australians land in Turkey

Istanbul, 8 May 2012 - Toll Group, the Australian integrated logistics company, is looking to expand its business in Turkey. The Melbourne based company recently started business in Turkey through its Toll Global Forwarding division and has entered negotiations to acquire a local Turkish company. The Toll Group is one of the Asia Pacific region’s […]

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11/05/2012
New law to help foreign property buyers

Istanbul, 4 May 2012 - The long awaiting property bill has finally passed through the Turkish Parliament lifting the restrictions of reciprocity for foreign property buyers in Turkey. The removal of the reciprocity law means citizens of the Middle East and Central Asia may now purchase property in Turkey freely. The new law will also […]

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11/05/2012
EU Visitors Have Tripled Since 2000

The number of EU tourists travelling to Turkey has almost tripled in the last 10 years according to new data. During a meeting at the European Parliament in Brussels, Turkish tourism minister Ertrugul Gunay said that visitors from the EU “counted only 6.5 million in 2000 and are now 18 million''. Gunay also said that […]

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10/05/2012
Turkey Becomes Mover in European Real Estate Investment

Despite Istanbul being named the most promising city for real estate investment 2 years running by PricewaterhouseCooper, in reality the country is still on the fringes of international real estate investment, not least because Turkey's debt rating, one level below investment grade is a hurdle preventing large global funds from being able to invest in […]

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04/05/2012
The Law is Passed – More Foreigners Can Buy More Property in Turkey

Regular readers of this blog and most other sources remotely relating to Turkey or overseas property would only have needed the first part of the title to know what we meant. The Turkish Parliament has been discussing a new property law, to end reciprocity as a barrier to foreign buyers and allow foreigners to buy […]

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