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Turkey’s Foreign Direct Investment continues to climb

14 September 2011 - According to Mr Zafer Caglayan, the Turkish Economy Minister, Turkey’s FDI (Foreign Direct Investment) reached over 9 Billion USD in the 7 months to 31 July 2011 of which over 90% came from EU member states. This figures compares with 4.5 Billion USD for the same period...

Posted on 14 September 2011

Turkey’s GDP growth up

12 September 2011 – The latest figures from Turkstat (Turkish Statistical Institute) shows Turkey’s GDP increased to 203 Billion USD in the second quarter of 2011, a 8.8 percent increase over the same period in 2010, whereas the international finance markets had been expecting around 6.5 percent for Q2 in...

Posted on 12 September 2011

British Buyers Still on Top in Flourishing Turkish Property Market

The Turkish property market continues to go from strength to strength. Recent reports have indicated that Russian and Arab buyers are taking over from Brits as the dominant force, but according to official data Brits are still the largest grouping of foreign owners in Turkey as the property market continues...

Posted on 09 September 2011

Turkey Tourism Continues Strong Growth–UNWTO

As with anything, the number of tourists a country receives in a given period is subject to a number of different measurements, all of which arrive at their own total depending on how they are worked out. According to the World Tourism Organization (UNWTO) Turkey attracted 27 million foreign visitors...

Posted on 08 September 2011

Turkish Government opens new trade offices in UK

6 September 2011 – Turkey is to open new offices in Birmingham and Edinburgh reflecting Turkey’s decision to boost exports and trade between UK and Turkey and encourage UK's investment into Turkey. Commenting on the new offices, Mr Yuksel Akca, Chief Commercial Counsellor at the Turkish Embassy in London, said...

Posted on 06 September 2011

INSEAD report puts Turkey ahead of the US for innovative exporting

5 September 2011 – In the annual report 'The Global Innovation Index 2011' produced by INSEAD, the leading French business school, Turkey has ranked 11th out of the 125 countries in the Innovative Products Exports section of the report. Commenting on the report, Baybars Altuntas (Chairman of Turkey’s Business Angels...

Posted on 05 September 2011

Middle Eastern Buyers Snapping up Luxury Istanbul Property

According to the estate agents in Turkey, rich Middle Eastern buyers are increasingly interested in expensive property by Istanbul's Bosporus. The recent unrest in North Africa and the Middle East means that investors are viewing Turkey as being a safe haven, and are looking to buy luxurious waterfront villas and...

Posted on 03 September 2011

Turkey’s Antalya is home some of the largest luxury yacht builders

2 September 2011 - Antalya on Turkey’s southern coast is home to some of the world’s top luxury yacht builders with 52 yacht building companies being based in Antalya’s Free Zone. Speaking recently, Antalya Free Zone’s General Manager, Zeki Gurses, said “We are seen as ranking among the top three...

Posted on 02 September 2011

Turkey’s Antalya is home some of the largest luxury yacht builders

2 September 2011 - Antalya on Turkey’s southern coast is home to some the world’s luxury yacht builders with 52 yacht building companies based in the Antalya's Free Zone. Speaking recently, Antlaya Free Zone’s General Manager, Zeki Gurses, said “We are seen as ranking among the top three in the...

Posted on 02 September 2011

Merrill Lynch Predicts Strong Growth in Turkey over next 10 Years

In a new report, investment banking giant Merrill Lynch predicts that Turkey will be the fastest growing economy in the EMEA region -- Europe, Middle East and Africa -- the coming 10 years, with fellow emerging markets South Africa and Saudi Arabia not far behind. "Based on an analysis of...

Posted on 02 September 2011