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Istanbul becoming a leading global business location

26 July 2011 - International property consultant CBRE (CB Richard Ellis) has placed Istanbul 27th in the top global business locations. Of the 280 international conglomerates reviewed, 115 have established regional headquarters or operating offices in Istanbul. Top of the location list is Hong Kong with 191 global companies located...

Posted on 26 July 2011

Turkish Housing Sector Presents Excellent Investment Opportunities

According to the latest report from the Real Estate Investing Partners Association (GYODER) Turkey's impressive growth in GDP and income per capita is leading to its presenting some of the finest property investment opportunities in the developing world. The report, titled "Real Estate in Developing Countries and Turkey; Assessments and...

Posted on 25 July 2011

Turkey turns New York yellow

25 July 2011 - The Turkish division of the US Ford Company - Ford Otosan -  has exported the first batch of 200 new Connect taxis to New York City. At a ceremony marking the first shipment, General Manager of Turkey’s Ford Otosan, Nuri Otay, said “The Turkish - manufactured Transit...

Posted on 25 July 2011

Turkey gets an energy boost

22 July 2011 - Launching the Kavaklidere Ornekkoy geothermal field north west of Izmir in Western Turkey, Mr Taner Yildiz, the new Turkish Minister of Energy and Natural Resources, said “Turkey’s energy production from geothermal resources currently stands at 95 MW”, “There are ongoing investments in 11 fields for electricity production,...

Posted on 22 July 2011

Turkey’s Antalya Airport flying high

21 July 2011 - Antalya Airport on Turkey’s southern coast has been voted the “Best Airport in Europe in the 10-25 million passenger” category. Airports Council International (Europe) which represents 400 airports in 46 countries judges this award in a variety of categories including efficiency, structural and commercial development, quality...

Posted on 21 July 2011

France’s BNP Paribas targets Turkey for growth

20th July 2011 - BNP Paribas Cardif, one of the leading European insurance companies believes Turkey is set for strong growth. At a recent press conference, BNP executive, Jean-Bertrand Laroche, said “Turkey has proved itself to be a highly promising market since our first entry in 2007. We expect the...

Posted on 20 July 2011

Turkey’s income per capita increases to top 10

18 July 2011 - According to a recent Economist Intelligence Unit report, Turkey now has an income per capita of over 10,000 USD making it the 6th highest country in the world where the population exceeds 70 million inhabitants. The report indicates Turkey isnow  in the same league as Germany, US...

Posted on 18 July 2011

Turkish Property Prices Continue Strong, Steady Growth

Earlier this week we revealed that Turkey is now the fastest growing economy in the world, based on the latest data from Turkstat showing 11% year on year growth in the first quarter -- beating Argentina (9.9%) and China (9.4%) by a considerable margin. And now we can reveal that...

Posted on 16 July 2011

Turkish Unemployment Now in Single Figures

According to the latest data from Turkstat Turkish unemployment has fallen into single figures for the first time since July 2008, falling 2.1 points from April 2010 to stand at 9.9% for April 2011. The data shows that 2.6 million people were registered unemployed in April 2011, compared to 3.07...

Posted on 15 July 2011

Turkish students to receive free Tablet PCs

14 July 2011: According to press reports, Nihat Ergun, the Minister of Science, Industry and Technology, said Turkey intends to start production of a Turkish made Tablet PC to be given free of charge to 15 million students in Turkey. Ergun is quoted as saying “In order to support the...

Posted on 14 July 2011