Turkish banking shares saw a three-day losing streak broken into a surge after the central bank cut reserve requirements on lira liabilities, which freed up capital for increased lending. The banking shared index rose 3.3% at the close, almost completely reversing the previous day's 3.5pc fall. The biggest gain was that of Yapi & Kredi […]
According to the latest data tourism to Turkey is continuing to grow strongly. The Culture and Tourism Ministry has just released data on the first nine months of this year, showing tourism up 10.67% compared to the same period last year. This is slower than the 12% year on year the body revealed for the […]
According to a top World Bank executive a new proposed Country Partnership Strategy will generate a considerable amount of investment for Turkey. "The Turkish government and World Bank have had talks in participating in CPS," Ulrich Zachau, the World Bank Turkey director, told Reuters in Ankara. The strategy is to focus on investments in emerging […]
The fact that the Turkish property market is booming this year is in little doubt, but there is increasing evidence that even with its rapid growth of late, that it could still be accelerating further. According to the latest data from the Turkish real estate investing partners association in conjunction with Reidin.com, Turkish property prices […]
Many reports have indicated strong growth in sales of Turkish property to foreigners, not least a report by the Association of Real Estate Investing Partners GYODER, which recorded a 40% growth last year compared to the year before. Never the less, the government seems increasingly committed to making sure the growth continues. The latest move […]
Another day another dollar and another week another new flight for Istanbul airports. This week we see the announcement of another new budget flight linking Manchester in the UK and Istanbul from growing operator Jet 2.com. This is Jet2.com's first flight into Istanbul, all though it does have substantial coverage of Turkey, with a particularly […]
Further proof that Turkey is one of the hottest emerging markets in the world has emerged in new research by Bloomberg on global mergers and acquisitions. According to the research Turkey is now well above the BRIC nations in terms of mergers and acquisitions as more deals are signed in the country since 2008. The […]
