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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

The Turkish Economy Continues to Soar

More good news for the Turkish economy came this week when the Turkish Exporters Assembly (TIM) revealed a 20% year on year growth in exports in May. This follows the record exports of 11.8 billion in April, when growth was also strong (25% month on month, no year on year...

Posted on 04 June 2011

Istanbul – leading tourist city

3 June 2011 - A recent Mastercard report, Worldwide Index of Global Destination Cities, shows Istanbul has one of the highest growth rates for visitor expenditure and is estimated to grow over 30 Percent in 2011. The Index shows an estimated visitor number growth rate of over 20 Percent, and ranked Istanbul third highest for visitor growth...

Posted on 03 June 2011

Turkey Property: 2 Reasons to Buy ASAP

Turkish inflation has surged in May, making a rate rise in the country ever more likely in the near future. According to data from Turkstat, the annual inflation rate soared to 7.2% in May, from the almost 50 year low of 4.3% the month before. The Central Bank had forecast...

Posted on 03 June 2011

Antalya Property has it All

Regular readers of this blog will have heard us talking about Antalya the holiday destination, where people buy holiday homes and rent them out to tourists when not in use. But this is only a fraction of the city's potential. It is true; Antalya is one of Turkey's top tourist...

Posted on 02 June 2011

Swiss bank picks Turkish equity markets as being one of the best

31 May 2011 - Lombard Odier, one of Geneva’s oldest (founded 1796) and largest private banks, considers Turkey as one of the top emerging equity markets together with the Russia equity market. Speaking recently about Turkey, Mr Paul Marson, Chief Investment Officer of Lombard Odier, said “One may end up losing...

Posted on 31 May 2011

World Bank Group to locate regional headquarters in Turkey

30 May 2011 - IFC (The International Finance Corporation) part of the World Bank Group is to invest 3 Billion USD in Turkey during the next 3 years. Lars Thunell, Executive Vice President and CEO of IFC, said "We are aiming to increase our investments in Turkey due to the...

Posted on 31 May 2011

Turkish Property Forces Investors to Sit Up and Take Notice

No one can ignore Turkey in 2011, especially given the trouble anyone who managed to do so throughout 2010 would have had. It is equally hard to deny that Turkey is now one of the hottest overseas property markets in the world, you can't argue with good old facts and...

Posted on 27 May 2011