US Secretary of Commerce Praises Turkey's Economic Progress

The US secretary of Commerce, John Bryson, has praised the economic progress Turkey has made over the last decade, and thinks Turkey could well become one of the 10 largest economies in the world in the future. He was speaking at a lunch organised by the progressive think tank Centre for American Progress and the […]

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Turkey Property: Things to Watch for in 2012

Turkey property is currently among the most popular overseas property destinations in the world. Here are some of the big events potential property buyers should be watching out for this year. The New Law: Most potential property buyers will have heard about the new law. For those that haven't; the Turkish parliament is currently considering […]

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Economic Crisis Improves Relations Between Turkey and Greece

Historically relations between the Greek and Turkish nations have always been a little tense, but there is speculation that Greece’s recent economic woes may lead to something of a rapprochement between the two countries. Greece was quick to send aid to Turkey after the earthquake in the eastern province of Van, and Turkey has reciprocated […]

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Turkey Agrees FTA with Korea

Turkey and Korea have concluded talks on a bilateral free trade agreement, and the pact will now come into effect once it has been ratified by both parliaments. The deal was announced by President Lee Myung-bak and Turkish Prime Minister Recep Tayyip Erdogan when they met at Cheong Wa Dae on Monday. This is the […]

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Turkey and Venezuela Close to Oil for Homes Barter System

According to Mithat Cansiz, president of the Turkish Petroleum International Co Ltd (TPIC), Turkey is on the verge of agreeing a bartering arrangement with Venezuela. TPIC is an affiliate of the Turkish Petroleum Corporation (TPAO) which is run by the state. This innovative agreement would allow Turkish firms to construct infrastructure and housing in Venezuela, […]

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Istanbul is a City Undergoing Transformation

Beyoglu is one of Istanbul's oldest districts and is a romantic glimpse into the past of this ancient city. However Istanbul is changing fast in order to deal with the economic expansion of the country, and although some people may be worried it's losing its identity, it is becoming a world class city. Its name […]

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Urban Renewal Programme Under Starter's Orders

Turkey is about to embark on a $100 billion urban renewal programme, which will reinforce or demolish buildings susceptible to earthquakes. It's due to begin in Istanbul in either April or May, and the transformation will encompass four major districts within the province. The bill for the project was recently passed by a Parliamentary subcommittee, […]

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Olu Deniz Voted Best Beach Spot in Europe has just revealed its latest list of the world's top 25 beach holiday locations, and Olu Deniz is once again rated highly. The gorgeous Turkish lagoon bay is in 14th place, which is good enough, but it is also the highest rated European destination, which is even better. This comes as no shock to […]

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Turkish News Roundup February 2011

New Flights February saw the addition of two new Turkish flights. Rusline announced new twice weekly flights between Nalchik and Istanbul Sabiha Gocken. Turkish Airlines continued their expansion with new indirect flights to Mogadishu in Somalia via Khartoum. Business/Investment February saw two major global firms make Turkey their regional hub. British Telecom announced that it […]

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Turkey's Foreign Trade Deficit Falls by 4.7% in January

Turkey's foreign trade deficit fell by 4.7% year on year in January to $7 billion, according to the Turkish statistics bureau. The figures were welcome news especially as exports increased by 8.6% year on year to reach $10.4 billion, whereas imports rose by a mere 2.8% to reach $17.4 billion, leaving a trade deficit of […]

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