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Tag Archives: Economy

What is Turkey’s Turquoise Card System?

Turkey’s Turquoise Card is a point-based application system aimed at attracting highly skilled foreigners and high-level investors to Turkey with the right to work and live in the country indefinitely. Many have said it is Turkey’s equivalent to the USA green card system. Called Turkuaz Kart in Turkish, it was...

Posted on 21 November 2017

The Russians are Back in Turkey

For many decades, Russians were the top nationality of Turkey’s tourism industry, flocking particularly to the Mediterranean region of Antalya. Likewise, when Turkey opened its real estate market to foreigners, Russians flocked to buy apartments and villas, and many of them become expats enjoying the carefree lifestyle and ideal weather...

Posted on 16 November 2017

Antalya Cruise Port Project Will Open for Bids

Antalya on the Mediterranean coast of Turkey is looking to tap into the cruise ship travel industry on a massive scale with a new project to accommodate world class cruise liners. The Antalya Cruise and Yacht Harbour Complex Project has received government approval to move to the next stage of...

Posted on 25 September 2017

Bodrum Will Be Home to Europe’s Biggest Tourism City

An announcement this week by Turkish construction giant Agaoglu declared they signed a letter of intent with Chinese investors to build Europe’s biggest tourism city on the Bodrum peninsula. Although plans are yet to be unveiled, the construction company said the 12 million square metre city will attract all year-round...

Posted on 17 September 2017

Air Travel in Turkey Continues to Rise in Popularity

The last twenty years have seen many changes in Turkish society and travel businesses were one of the sectors massively affected when the government embarked on a campaign to modernise methods and infrastructure. Efforts are definitely paying off, as the latest travel stats revealed by the General Directorate of State...

Posted on 08 September 2017

Turkey’s new high speed train network to boost economy

Istanbul, 26 November 2012 - By 2023 Turkey is expected to have 10,000 kilometres of high speed track out of the country’s total of 25,000 kilometres. Speaking recently Binali Yildirim, Turkey’s Minister of Transport and Communication, said  “The high-speed train lines that will connect four major cities Ankara to Istanbul,...

Posted on 28 November 2012

Turkey’s exports reach new records

Istanbul, 5 July 2012 - Recently released data from the Turkish Exporters Assembly shows Turkey’s exports reached 11.8 billion USD in June, an increase of 3.6 percent over the same period in 2011. Overall exports in the January to June 2012 period reached 72.9 billion USD, a increase of 11.2...

Posted on 09 July 2012

Turkey’s economy grows 10 quarters in a row

Istanbul, 2 July 2012 - Newly released data from the Turkish Statistical Institute shows  Turkey’s economy grew by 3.2 percent in Q1 2012 making it the 10th quarter in a row and underlining Turkey’s economic performance. With the Turkish economy forecasted to grow 4 percent for the whole of 2012...

Posted on 09 July 2012

Turkey’s exports up 10.3 percent in 2012

Istanbul, 1 June 2012 - According to the Turkish Exporters Assembly,Turkey’s exports reached 11.8 billion USD in May 2012 up 7.3 percent from the same period in 2011.Turkeyexported 59.8 billion USD worth of goods to foreign buyers in the first five months of 2012, representing a 10.3 percent increase over...

Posted on 22 June 2012

Erdogan Set to Make Good on New City Promise

The Turkish Prime Minister, Recep Tayyip Erdogan promised as part of his Parliamentary campaign last year, to create a new city. The city is being planned for the northern coast of Istanbul, and is expected to help boost Istanbul's economy. Apparently the government has already begun work on the plan...

Posted on 09 June 2012