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Turkey Extends Presence as Prominent Player in Global Economy

Turkey continues to expand its presence as one of the prominent players in the post-crash global economy. It's like another week another slew of positive economic data. In the last week we have seen 3 Turkish banks ranked in the top 25 of a chart of the world's most profitable...

Posted on 13 July 2011

Istanbul just got cheaper

13 July 2011 – According to Mercer’s “2011 Cost of Living” report, the cost of living in Istanbul has dropped 26 places in the list of 214 countries throughout the world covered by the report. Mercer, the global human resources consultancy company, has assessed expatriates costs globally, including housing, travel,...

Posted on 13 July 2011

Health tourism to Turkey is set to grow.

8th July 2011 – According to Muharrem Usta, CEO of Turkey’s Medical Park healthcare services group, “The government’s (Turkey’s) aim to earn USD 5 billion from providing medical services to foreigners is achievable”, Medical park is building 3 new hospitals in Istanbul, Izmir and Ankara especially focused medical services to...

Posted on 08 July 2011

Turkey Welcomes Influx of Wealthy Arab Tourists

We recently reported that tourism to Turkey had increased by 14.56 percent in the first five months of this year, compared to the same period in 2010 according to data from the Ministry of Tourism. However, far more significant in the larger scheme of things is the market share of...

Posted on 08 July 2011

Lloyd’s of London to open in Istanbul

7th July 2011 - Lloyd’s of London Chairman Peter Levene has announced that Lloyd’s has accepted the importance of Turkey as a regional and global financial centre and is entering the Turkish market as well as expressing regrets that Lloyd’s had not entered the Turkish market previously. Levene said “Turkey’s...

Posted on 07 July 2011

Istanbul Airports Make News for Series of New Routes

We have learned from airline data collation service anna.aero, that Pegasus Airlines increased its coverage of Germany out of Istanbul Sabiha Gocken this week, when it announced the launch of a new 3-weekly services to Nuremberg in German Bavaria. The route is to be serviced by the airline's 737-800s with...

Posted on 07 July 2011

Turkish banks in most profitable global list

6 July 2011 The Banker magazine’s report “Top 1,000 World Banks” has rated 3 Turkish banks in the top 25 global banks for return on capital. In 6th place in the world was the Turkish Government owned Halk Bank followed by Ziraat Bank at 9th place, also Turkish Government owned, and in...

Posted on 06 July 2011

Istanbul Tourism – up 30% in 2011

5 July 2011 - According to the latest MasterCard Worldwide Global Destination Cities Index, Istanbul is forecasted to witness a 30% increase in tourism revenues in 2011. The Index has estimated Istanbul will receive 9.4 million foreign tourist who are expected to spend over 10 Billion USD. The Destination Index is...

Posted on 05 July 2011

Turkish Economy Now Fastest Growing in World

The Turkish economy continued its incredible growth with a record of 11% year on year GDP growth in the first quarter. This made Turkey the fastest growing economy in the world by an incredible margin; Argentina was closes with 9.9% followed by China with 9.7%. At the start of 2010...

Posted on 01 July 2011

Tourism Ministry Reveals Strong Growth in 2011 Tourism

According to the latest data from the Culture and Tourism Ministry, Turkey welcomed 9 million visitors in the first 5 months of 2011, a 15% growth on the same period last year. The news comes about 1 month after the Ministry revealed the 6 million visitors in the first 4...

Posted on 30 June 2011