Menu

News

Newly Empowered AK Party Could Get EU Accession Back on Track

Now nearly one week past the Turkish election and not a peep of controversy or complaint at the result, we can safely say that the election was a success, especially given that 87% of the voting public turned out and cast their vote. Prime Minister Erdogan of the Justice and...

Posted on 17 June 2011

Turkish unemployment down nearly 3%

16 June 2011 – Turkstat (the Turkish Statistics Institute) has reported that unemployment for March 2011 is down 2.9% compared with the corresponding period for 2010. The Turkstat report shows unemployment fell from 11.5 Percent in March 2011 to 10.8 Percent in March 2011 - the unemployment rate for March 2010 was...

Posted on 16 June 2011

Turkey Deserves Ratings Upgrade Says Leading Figure

Turkey has long deserved an ratings upgrade, after its performance throughout the financial crisis, as well as its being one of the most stable economies in Europe and the world in its aftermath. These are not our words, but those of Vedat Akgiray, the chief of the Capital Markets Board...

Posted on 16 June 2011

Foreign Investment in Turkey increases by over 125 Percent

15 June 2011 – Data released by the Central Bank of the Republic of Turkey shows FDI (Foreign Direct Investment) into Turkey increased by over 125 Percent for the period January to April 2011 against the same period in 2010. The total for this 2011 period reached over 4.5 Billion...

Posted on 15 June 2011

Turkey’s airlines continue to expand

13 June 2011 - According to Boeing’s Commercial Airplanes Vice President Mr Aldo Basile, Turkish airlines are growing faster than most. Commenting recently, Mr Basile said “Owing to the success of the country’s airline companies, Turkey’s civil aviation market is expanding at a rate that exceeds the world average”, adding “Boeing is...

Posted on 13 June 2011

Holiday in Antalya Cheaper than Torquay for Brits

For a long time many people have doubted whether staying in the UK for a beach holiday was still cheaper than going abroad, with the advent of budget airlines etc. Well, we now have definitive and irrefutable evidence that holidaying in Antalya in Turkey is cheaper for Britain's than a...

Posted on 11 June 2011

Turkish Tourism Spikes in 2011, Will they Stay or Will They Go?

Turkey welcomed 6 million visitors in the first 4 months of 2011, an astonishing 21% increase over last year. Obviously this incredible rise has been mainly attributed to the Arab Spring; the name given to a series of uprisings which have toppled governments and created warzones across the Middle East....

Posted on 10 June 2011

World Bank increases GDP forecast for Turkey

9 June 2011 – The World Bank (WB) Global Economic Prospects has again increased Turkey’s growth forecast from 4.1 Percent to 6.1 percent for 2011. WB’s growth forecast remaining at 3.2 Percent for 2012 to 2013 globally, however the Global Economic Prospects expects Turkey’s GDP also to grow at 5.1 Percent...

Posted on 09 June 2011

Istanbul Ataturk Welcomes New Flight Routes

The Istanbul tourism and property market are set to be boosted by new flight links with Genoa. Turkish Airlines has just launched a new route to the Italian city, flying 3 times weekly (Wednesday, Thursday, and Saturday) from Istanbul Ataturk (IST), with an additional flight to be added from June...

Posted on 09 June 2011

Izmir’s Aegean Free Zone attracts foreign investors

6 June 2011 - The west coast port of Izmir new ESB (Aegean Free Zone) is attracting new international investors. The ESBAS (Aegean Free Zone Development and Operating Company) officials have indicated that 16 international companies, including those from the US, Italy and Netherlands have been granted licenses since the...

Posted on 07 June 2011