News

09/12/2011
Turkey Continues to Impress for all the Right Reasons

It is no surprise that foreign direct investment is flooding into Turkey, because unlike many countries at the moment, there is no reason to be scared of investing. Turkey is in Europe, but not in the Eurozone and has been growing strongly throughout the European financial crisis. Even now as the crisis seems to be […]

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23/11/2011
Fitch Affirms Turkey at BB+

Fitch Ratings has affirmed Turkey's rating at BB+ one step away from investment grade, despite revising the country's long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Positive. The agency also affirmed Turkey's Short-term foreign currency IDR at 'B' and Country Ceiling at 'BBB-'. "The revision of the Outlook to Stable reflects […]

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19/11/2011
Reciprocity Restrictions to be Removed in 2012, Boosting Foreign Sales

The Turkish government is expected to remove the reciprocity restrictions on its property market in 2012. The draft law is to be polished off by the Environment and Urbanisation ministry before being submitted to the national parliament later this month. The aim of the law would be to open up the Turkish property market to […]

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18/11/2011
Foreigners Buying More Property in Turkey

The latest data from the Turkish Land Registry Director shows that some 123,,000 foreigners own 113,687 immovable properties in Turkey. The data shows that resort properties are still the most popular with foreigners, and they prefer established cities like Antalya, Mugla and Aydin ,as well as Istanbul and Bursa. The properties span some 86.1 million […]

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10/11/2011
Turkish Airlines Istanbul Ataturk Now Most Diverse Hub in Europe

From its hub at Istanbul Ataturk, Turkish Airlines now offers a wider range of non-stop flights than any other carrier does from a single airport. Turkish Airlines now flies non-stop from Ataturk to 172 destinations around the world, leaving its nearest competitor Lufthansa some way behind flying to 158 destinations from Frankfurt, and Air France […]

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03/11/2011
British Airways Looks to Increase Istanbul Flights

British Airlines is looking to further increase the number of transit flights to and from Istanbul, according to a manager with the firm. Gavin Halliday, who is the general manager of the firm's Europe and Africa operations said: "Not only has the number of people visiting Turkey increased, the number of transit passengers has reached […]

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28/10/2011
Turkish Banking Shares Surge on Central Bank Announcement

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 […]

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27/10/2011
Turkish Tourism Looks Set for 30m Target

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 […]

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22/10/2011
World Bank Plans to Boost Investment in Turkey

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 […]

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13/10/2011
Turkey Property Boom Looks Set to Continue/Expand

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 […]

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