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Turkey Property: Foreign Sales up 40% in 2010

Last year we reveled in the report that 32,000 Brits owned some 6 million square meters of Turkish property, as the dominant grouping of foreigners who then owned 65 million square meters of land. Well, if that was good then the report released last week by GYODER can only be...

Posted on 21 April 2011

Ebay Buys Majority Stake in Turkish Auction Site

eBay has increased its stake in GittiGidiyor.com one of Turkey’s leading auction sites. eBay originally bought the minority stake in 2007 and with its new investment eBay will increase its ownership of GittiGidiyor.com to 93%. The transaction should be completed by Q2 2011. 13 April 2011 - Invest in Turkey

Posted on 20 April 2011

Turkish Exports expected to grow 20 percent

Mr Zafer Caglayan, Turkey’s State Minister for Foreign Trade, said according the Foreign Trade Expectations Survey conducted by DTM (Undersecretariat of Foreign Trade) amongst the 500 leading Turkish import and export companies the export expectation index has risen to 142.9 for 2011 Q2 from 122.7 in 2011 Q1 – an increase...

Posted on 19 April 2011

Turkey: Unemployment rate goes down

Figures released from TurkStat (The Turkish Statistical Institute (TurkStat) show that Turkey's unemployment rate went down to 11.9 percent in January 2011 compared with 14.5 percent in January 2010. The TurkStat report shows the number of people unemployed in Turkey is now 3 million, the unemployment in non-farming businesses went...

Posted on 18 April 2011

Ground Breaks on 500 Million Euro Natural Gas Plant in Turkey

The ground-breaking ceremony for a €500 million natural gas burning power plant has just been held. The 775 MW plant, which is being constructed by the German power supplier RWE and Turkeys Turcas, is being built in the Aegean province of Denizli and is expected to be operational by the...

Posted on 15 April 2011

Turkey Dominant in Trip Advisor Chart of Best Beaches

TripAdvisor has just unveiled its chart of the top 25 beaches in the world, and we are very proud to see many Turkish beaches making the grade. At number 5 we have Olu Deniz. Those who know the place will be unsurprised by everything, except maybe that it is not...

Posted on 08 April 2011

Turkish Exports Increase in March

Turkish exports grew 22.8% year on year in March according to the latest figures from the Turkish Exporters Assembly (TIM), taking the monthly total to $11.7 billion. According to the data, the majority of the exports ($1.4 billion) came from the car industry. TIM chairman Mehmet Buyukeksi said that these...

Posted on 07 April 2011

With Turkish GDP Up 8.9% in 2010, Can Erdogan Keep his Grip on Inflation?

Turkstat has just revealed its data on GDP growth for 2010 and the final figure was 8.9%, considerably higher than the 6.4% reported by Prime Minister Erdogan at the start of the year. According to the data, the Turkish economy grew 9.2% in the fourth quarter, following growth of 11.3%,...

Posted on 01 April 2011

Akbank Subsidiary to Launch 4 New Turkish Real Estate Funds

Four new capital protected property funds are to be launched in Turkey by Akbank subsidiary Ak Asset Management. The funds, which will be linked to food, gold and oil prices are due to be opened next month. "The capital protected property fund has started to gain a larger share in...

Posted on 31 March 2011

Turkish Property Boosted by Strong German Recovery

Turkey, as part of the Central and Eastern European region is benefiting from the rapid recovery being seen in the German economy, says a leading expert in the field. "Though southern Europe is having serious troubles, we are observing very strong growth in Germany and the Central and Eastern Europe...

Posted on 26 March 2011