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Tag Archives: Investment

Turkey Moves to Reduce Account Deficit with Investor Package

Turkey has released an investor program worth a staggering USD 33 billion to lessen its current account deficit that in January totalled nearly $7.1 B. The program aims to do this by lowering imports and increasing exports. 19 companies across various industries including agriculture, electronics, health and automotive qualify for...

Posted on 12 April 2018

Turkish Investment Laws Amended to Ease Business Procedures

An announcement in March 2018 by ISPAT (Investment Support and Promotion Agency of Turkey) confirmed recent amendments to Turkish investment laws, aimed at reducing red tape and centralising processes into one database. They added entrepreneurs have welcomed the new regulations because they reflect a reduction in expenses. Turkish Investment Laws...

Posted on 04 April 2018

Italian Investment in Turkey

In February 2018, president Recep Tayyip Erdogan attended an executive meeting in Rome with the prime aim of improving Italian investment in Turkey. The conference, organised by ISPAT (Investment, Support and promotion agency of Turkey) and the oldest Italian Think Tank, the ISPI (Institute for International Political Studies) was the...

Posted on 10 March 2018

Turkey and Africa’s Fruitful Business Relations

While the Turkish economy performed exceptionally well in 2017, it seems Turkey is not about to sit back and relax. Looking to boost already fruitful political, economic, and military relations between Turkey and Africa, the President of Turkey, Recep Tayyip Erdogan has just toured the vast continent on a 5-day,...

Posted on 01 March 2018

Sales to Foreign Property Buyers in Turkey Increase by 22%

The Turkish Statistical Institute Turk Stat have published their 2017 report of foreign property buyers in Turkey. It reveals a colourful variety of nationalities bought a total of 22,234 homes reflecting an increase of 22.2% year on year. The improved stats are most likely the results of a favourable exchange...

Posted on 27 January 2018

Excellent Reasons to Buy Property in Fethiye

Fethiye in Mediterranean Turkey is one of the most prominent regions for domestic and international property sales. Over the years, as the Turkish real estate market has grown, many people have bought homes in the area to either use for their holidays or to live in the country all year...

Posted on 08 January 2018

Turkey’s Medium Term Economic Program

In September 2017, Turkey’s Medium Term Economic Program for 2018 to 2020 was unveiled. Prepared every year by law, then approved by the cabinet, and released by the Ministry of Development, it is finally published in the Official Gazette of Turkey. The Medium Term Economic Program is a study of...

Posted on 02 January 2018

Turkish Economy Shows Biggest Growth in the G20

The latest figures released by Turk Stat, the Turkish Statistical Institute revealed that Turkey is the fastest growing G20 economy after it clocked up record figures for the third quarter of 2017. Beating China and India, from July to September, growth came in at 11.1%, the highest double-digit figure recorded...

Posted on 17 December 2017

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

Turkish Property Sales to Foreigners Rise 75% Year on Year

In a report released this week, Turk Stat, the Turkish Statistical Institution said Turkish property sold to foreigners in September reflected a 75% increase on figures from the same time last year. Across the country, foreigners of various nationalities bought 2,236 homes intended for residential use. Industry experts are excited...

Posted on 26 October 2017