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Easyjet Launches New Flights to Ever-Popular Dalaman

The continued popularity of Dalaman has been testified to again by Easyjet, which has just announced a new route from Edinburgh to Dalaman starting from next April, which is one of 5 new routes by the airline. This will come as good news to those in Edinburgh and surrounding areas....

Posted on 23 September 2011

Thirty nine new five star hotels in Istanbul

22 September 2011, Turkey – According to new report by Turkey’s TUROB (Touristic Hotels and Investors Association) hoteliers are flocking to Istanbul and currently there approximately 100 new hotels under construction in there. TUROB President Timur Bayindir said “The wave of new hotel investments in the city will add a...

Posted on 22 September 2011

Sizing Up Investment in Turkish Property

When it comes to overseas property investment in 2011, we have the good, the bad and the ugly. Well, actually we have the hard hit markets that are now recovering, the hard hit markets that are refusing to recover, the latecomers to the crisis that are still on their descent,...

Posted on 22 September 2011

S&P upgrades Turkish credit rating

21 September 2011 - The international credit rating agency S&P (Standard & Poor’s) has upgraded Turkey’s local currency rating to the investable rating of BBB-/A-3. Commenting on the upgrade S&P’s analysts Frank Gill and Leila Butt said “The local-currency upgrade reflects our view of continuing improvements in Turkey’s financial sector...

Posted on 21 September 2011

Volkswagen Group to increase manufacturing in Turkey

20 September 2011 - Germany’s MAN commercial vehicles manufacturer, part of Germany’s Volkswagen Group, has decided to make Turkey a research and development centre. MAN, which has been in Turkey for 45 years, is also increasing its bus manufacturing lines. During a recent visit to Turkey to celebrate the 45...

Posted on 20 September 2011

Ankara gets new Swedish H&M store

19 September 2011 - H&M the renowned Swedish clothing store opened its first Ankara store on Saturday, H&M's seventh store in Turkey. The first Ankara H&M concept store is located in the CEPA shopping mall, H&M will also be opening its second Ankara store on September 24th in the Gordion...

Posted on 19 September 2011

Altinkum Marina Rocks the Boat [Pictures]

We are happy to present these fantastic new images of the marina at Altinkum. Altinkum property is rapidly becoming a favourite with foreign buyers, especially those on a lower budget who can't fail to see the fantastic value for money of offer. But it is difficult not to concede that...

Posted on 17 September 2011

Tesco executive says Tesco may expand in Turkey

15 September 2011 - Tesco, UK’s leading grocery retailer has announced that it may buy local retail chains in Turkey to compliment its successful Turkish Tesco Kipa operation. Mr Mike Arnott, Director of Tesco Kipa said “We may consider acquiring some Turkish retail chains as we are open to all...

Posted on 15 September 2011

Arab Spring Fuels Booming Tourism, Property Sales and Economy in Turkey

The Turkish economy was the fastest growing in the world in the first six months of this year, with GDP growing 8.8% in the year to end June according to the latest data from Turkstat. The Turkish statistical body also revised upwards its first quarter GDP figures, from the 11%...

Posted on 15 September 2011

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