Menu

News

Both Istanbul Airports Win in the ANNIES 2011 Awards

Both of Istanbul's airports have won awards in the ANNIES 2011 by leading airport data collation service Anna.Aero. Istanbul Ataturk was joint winner of the "Airport with the most new non-European routes" award, having added 8 new routes and lost one to Islamabad in the last year. The new routes...

Posted on 20 May 2011

Spot Blue Paving the Way for Safer Turkish Property Purchases

In October 2009 we revealed our new system of developer checks to aide buyer security. Basically we began producing a series of reports on each of our vendors – developers – using data and reports from reliable and independent third party sources, such as the British Embassy in Turkey. At...

Posted on 19 May 2011

Izmir’s new port to be one of world’s largest.

16 May 2011 – When completed in 2013 Izmir’s Port Candarli will be able to handle 12 million tons of cargo a year. Costing approximate 3.1 Billion USD (5 billion TL) the new port will double the number of containers that can be handled by the existing Turkish ports. At the recent groundbreaking ceremony,...

Posted on 16 May 2011

Property in Istanbul No 1 Investment in Europe says PWC

Property in Istanbul has been ranked the number one investment in European Real Estate after a major survey of investors and property professionals across Europe carried out by Price Waterhouse Cooper and the Land Institute. Investors surveyed for the Emerging Trends in European Real Estate report ranked Istanbul number 1...

Posted on 15 May 2011

Developments Securing Istanbul’s Place as one of World’s Great Cities

Istanbul continues to grow into one of the world's most impressive cities. This week it was revealed that Arista, an affiliate of Turkey’s Ar Group, is set to invest nearly $1 billion into new office and residence projects in the city. The news came in the same breath as we...

Posted on 13 May 2011

EU Commission increases Turkey’s economic forecasts

13 May 2011.  In the recent released EU Commission spring 2011 economic forecast the Commission praised Turkey’s performance by saying "Turkey's fiscal consolidation in the past decade is an impressive success story." The EU Commission report went on to say "in the wake of the 2001 financial crisis, the government...

Posted on 13 May 2011

Raffles to open new luxury hotel in Istanbul

12 May 2011 – Raffles the luxury hotel group has announced it is to open a new 180 room hotel in Istanbul by the end of 2012. The hotel will be situated in the new Zorlu Centre on the European side of Istanbul. The Zorlu centre, which is under construction,...

Posted on 13 May 2011

Top of the Props in April

We recently redesigned the Spot Blue website and one of the features that we expanded upon was the collation of statistics, specifically the most popular properties. Instead of simply keeping a rolling average of views, we now measure weekly views, monthly views, and lifetime views. We have just collated the...

Posted on 12 May 2011

Industrial output in Turkey increases by over 10 percent

10 May 2011 Turkey’s year on year industrial output figures from TurkStat (Turkish Statistical Institute) shows March 2011 figures compared with March 2010 have increased by 10.4 percent. The data also shows other sectors increases with mining up by 4.5 percent and electricity, gas, etc up 11.9 percent. Source –...

Posted on 10 May 2011

Turkish borrowing cost decreases

9 May 2011 The Turkish Treasury in Ankara announced that it has sold approximately 2.4 Billion USD (3.7 Billion TL) of lower yielding three-year fixed-rate bonds, more than twice the amount sold in April. Turkey is looking to reduce its borrowing costs as the Turkish central bank keeps interest rates...

Posted on 09 May 2011