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Foreign Investment in Turkey Soaring in 2011

We have long known that volatility in the global economy, combined with the eurozone debt crisis and sluggish growth in most established markets was driving growth in investment to Turkey and other emerging markets. But few would have believed it would be driving quite as much growth as we now...

Posted on 18 August 2011

Turkish Property Prices Continue Steady Rise

New figures show Turkish property prices are continuing to increase at a steady and sustainable pace. According to REIDIN.com's Turkey Residential Property Price Index sales prices increased 0.83% across the entire country in July compared to June 2011. Istanbul recorded the strongest increase with prices up 1.05% on the month,...

Posted on 17 August 2011

Foreign investment in Turkey up in first 6 months 2011

15 August 2011 – According to data released from CBRT (the Central Bank of the Republic of Turkey) foreign direct investment (FDI) by European countries into Turkey reached 6.2 Billion USD in the first 6 months of 2011, an increase of over 380 percent over the same period for 2010. The...

Posted on 15 August 2011

American health insurer to enter Turkish market

11 August 2011 – Cigna Corp, the long established United States health, accident and life insurance company, has announced plans to enter the Turkish market. At the recent opening of the Cigna office in Istanbul CEO Refik Berkol said Cigna was entering the market because Turkey had strong economic performance together...

Posted on 11 August 2011

Top of the Props: New System Shows New Trends

As some of you may have noticed we have been doing a lot of work on the Spot Blue website, in fact we have just had the entire site rebuild to observe modern coding standards, and introduce new functionality including social media logins (and registration). Next comes a redesign, ideas...

Posted on 11 August 2011

New System Protects Foreign Heirs’ Real Estate Inheritance

A new system aimed at preventing the heirs of foreigners who own property in Turkey from being fraudulently divested of their inheritance in the event of the deaths of said owners. Antalya Provincial Treasurer Hidayet Mat, said that, although it does not happen often, occasionally foreigners have been cheated out...

Posted on 10 August 2011

Turkey’s Mergers and Acquisitions over 6 Billion USD

10 August 2011 - According to a recent Ernst & Young report Turkey’s M&As reached 6.5 billion USD in the six months to the end of June 2011. With 130 deals Turkey was the second most active M&A market in the 10 countries covered in the Central and Southeastern European M&A...

Posted on 10 August 2011

How a Little Drink from Turkey (Izmir) Helped form the Modern World

The world is so connected nowadays, and we think we know pretty much everything about how the way of life we enjoy today emerged. I thought this, but then the other day I found out that Coffee, the drink so many of us enjoy around the world today, originated in...

Posted on 05 August 2011

Turkey expects tourist to double

5 August 2011 - According to Ahmet Barut, chairman of TUROFED (Turkish Hoteliers Federation), Turkey is now in 8th position in the world in terms of tourism revenues. Barut said, “The number of visitors to Turkey is expected to exceed 31 million this year. We also expect an increase in tourism...

Posted on 05 August 2011

Returning Migrants to Boost Turkish Economy and Property Market

Large numbers of migrant workers who have been employed in Western countries are now returning to their Turkish homeland some 50 years after this economic migration began. Although unemployment is one of the major causes as to why Turkish workers are returning home, many are also attracted by the rapidly...

Posted on 04 August 2011