Menu

News

How a Little Drink from Turkey (Izmir) Helped form the Modern World

The world is so connected nowadays, and we think we know pretty much everything about how the way of life we enjoy today emerged. I thought this, but then the other day I found out that Coffee, the drink so many of us enjoy around the world today, originated in...

Posted on 05 August 2011

Turkey expects tourist to double

5 August 2011 - According to Ahmet Barut, chairman of TUROFED (Turkish Hoteliers Federation), Turkey is now in 8th position in the world in terms of tourism revenues. Barut said, “The number of visitors to Turkey is expected to exceed 31 million this year. We also expect an increase in tourism...

Posted on 05 August 2011

Returning Migrants to Boost Turkish Economy and Property Market

Large numbers of migrant workers who have been employed in Western countries are now returning to their Turkish homeland some 50 years after this economic migration began. Although unemployment is one of the major causes as to why Turkish workers are returning home, many are also attracted by the rapidly...

Posted on 04 August 2011

Turkey keeps calling

 4 July 2011 - Vodafone’s recent results show Turkey is one of the fast growing countries within Vodafone’s global network. Vodafone Turkey CEO, Serpil Timuray reported Vodafone Turkey has broken a number of records as the fastest growing Turkish mobile telephone company with over 30 percent rise in sales revenue. Vodafone Turkey...

Posted on 04 August 2011

Turkish Tourism Growth Continues Unabating

According to the latest data from the Turkish tourist and statistical bodies, Turkish tourism is growing strongly this year, and the target of 30 million for this year as a whole continues to look attainable. The Turkish culture and tourism ministry has just reported that 13 million tourists visited Turkey...

Posted on 03 August 2011

Turkey’s CEOs predict the economy will grow by 6 percent in 2011

3 August 2011 -Turkey’s leading CEOs estimate Turkey’s growth rate will be 6 Percent by the end of2011 followed by 5.2 percent in 2012 according to a recent survey. The survey, conducted by TUSIAD (Turkish Industry and Business Association), also shows Turkey’s CEOs expect the rate of inflation to drop to 6.8 percent...

Posted on 03 August 2011

Dubai company buys Turkish bank

1 August 2011 – Dubai based G Capital, in conjunction with a local Turkish company, Gurmen Group, has purchased Adabank from TMSF (Turkey’s Savings Deposit Insurance Fund) for a reported 75 Million USD. Talking about the purchase, G Capital’s COO, Mr David Haigh, said “The stability that Turkey offers is to...

Posted on 01 August 2011

Turkish Airport Traffic Strong and Growing Stronger

Anna.aero, the airport statistics collation website has just published data the performance of all European airports in 2010, as well as their growth in 2011, and the figures for several Turkish airports are nothing short of incredible. The figures for Antalya international airport stand out in particular. Some 21.99 million...

Posted on 29 July 2011

Tourism to Turkey just keeps growing

29 July 2011 - Recently released statistics from Turkstat (Turkish Statistical Institute) shows Turkey’s revenue from tourism has increased by nearly 18 percent in the second quarter of 2011 compared with 2010. Turkey’s tourism plays an important part in the economic growth of the country and reached over 5 Billion USD...

Posted on 29 July 2011

Italians invest in Turkey’s ports

27 July 2011 - Palladio Finanziaria, an Italian private equity group has, through its subsidiary,  purchased a 22 percent equity stake in Global Ports Holding for over 77 Million USD which is set to rise to 25 percent within the next 3 years. Turkey’s Global Ports operates three ports, two on...

Posted on 27 July 2011