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Turkey’s Antalya Airport flying high

21 July 2011 - Antalya Airport on Turkey’s southern coast has been voted the “Best Airport in Europe in the 10-25 million passenger” category. Airports Council International (Europe) which represents 400 airports in 46 countries judges this award in a variety of categories including efficiency, structural and commercial development, quality...

Posted on 21 July 2011

France’s BNP Paribas targets Turkey for growth

20th July 2011 - BNP Paribas Cardif, one of the leading European insurance companies believes Turkey is set for strong growth. At a recent press conference, BNP executive, Jean-Bertrand Laroche, said “Turkey has proved itself to be a highly promising market since our first entry in 2007. We expect the...

Posted on 20 July 2011

Turkey’s income per capita increases to top 10

18 July 2011 - According to a recent Economist Intelligence Unit report, Turkey now has an income per capita of over 10,000 USD making it the 6th highest country in the world where the population exceeds 70 million inhabitants. The report indicates Turkey isnow  in the same league as Germany, US...

Posted on 18 July 2011

Turkish Property Prices Continue Strong, Steady Growth

Earlier this week we revealed that Turkey is now the fastest growing economy in the world, based on the latest data from Turkstat showing 11% year on year growth in the first quarter -- beating Argentina (9.9%) and China (9.4%) by a considerable margin. And now we can reveal that...

Posted on 16 July 2011

Turkish Unemployment Now in Single Figures

According to the latest data from Turkstat Turkish unemployment has fallen into single figures for the first time since July 2008, falling 2.1 points from April 2010 to stand at 9.9% for April 2011. The data shows that 2.6 million people were registered unemployed in April 2011, compared to 3.07...

Posted on 15 July 2011

Turkish students to receive free Tablet PCs

14 July 2011: According to press reports, Nihat Ergun, the Minister of Science, Industry and Technology, said Turkey intends to start production of a Turkish made Tablet PC to be given free of charge to 15 million students in Turkey. Ergun is quoted as saying “In order to support the...

Posted on 14 July 2011

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