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Merrill Lynch Predicts Strong Growth in Turkey over next 10 Years

In a new report, investment banking giant Merrill Lynch predicts that Turkey will be the fastest growing economy in the EMEA region -- Europe, Middle East and Africa -- the coming 10 years, with fellow emerging markets South Africa and Saudi Arabia not far behind. "Based on an analysis of...

Posted on 02 September 2011

Turkey is a Top Destination with Brits Says Travelwatch

According to leading travel website Travelwatch.co.uk, Turkey is the second most searched holiday destination this year, with the available stock rising rapidly to meet the new demand. According to the firm the fact that Turkey is outside the Eurozone continues to be a major draw, because they can get more...

Posted on 26 August 2011

Economic Minister Reveals Special Economic Zones Plan for Turkey

Turkey is to do away with the current "free zones" in favour of a new system of "Economic Free Zones" according to Minister of Economic Zafer Caglayan. According to Caglayan the reason for rethinking the incentivised zones was to better equip them to tackle the country's raging current account deficit....

Posted on 25 August 2011

Foreign Investment in Turkey Soaring in 2011

We have long known that volatility in the global economy, combined with the eurozone debt crisis and sluggish growth in most established markets was driving growth in investment to Turkey and other emerging markets. But few would have believed it would be driving quite as much growth as we now...

Posted on 18 August 2011

Turkish Property Prices Continue Steady Rise

New figures show Turkish property prices are continuing to increase at a steady and sustainable pace. According to REIDIN.com's Turkey Residential Property Price Index sales prices increased 0.83% across the entire country in July compared to June 2011. Istanbul recorded the strongest increase with prices up 1.05% on the month,...

Posted on 17 August 2011

New System Protects Foreign Heirs’ Real Estate Inheritance

A new system aimed at preventing the heirs of foreigners who own property in Turkey from being fraudulently divested of their inheritance in the event of the deaths of said owners. Antalya Provincial Treasurer Hidayet Mat, said that, although it does not happen often, occasionally foreigners have been cheated out...

Posted on 10 August 2011

Returning Migrants to Boost Turkish Economy and Property Market

Large numbers of migrant workers who have been employed in Western countries are now returning to their Turkish homeland some 50 years after this economic migration began. Although unemployment is one of the major causes as to why Turkish workers are returning home, many are also attracted by the rapidly...

Posted on 04 August 2011

Turkish Tourism Growth Continues Unabating

According to the latest data from the Turkish tourist and statistical bodies, Turkish tourism is growing strongly this year, and the target of 30 million for this year as a whole continues to look attainable. The Turkish culture and tourism ministry has just reported that 13 million tourists visited Turkey...

Posted on 03 August 2011

Turkish Airport Traffic Strong and Growing Stronger

Anna.aero, the airport statistics collation website has just published data the performance of all European airports in 2010, as well as their growth in 2011, and the figures for several Turkish airports are nothing short of incredible. The figures for Antalya international airport stand out in particular. Some 21.99 million...

Posted on 29 July 2011

Gazipasa Airport Attracts More International Flights

The work has been completed on widening the runway at Gazipasa airport according to a spokesperson for the firm. The runway is now 2000 meters long and 45 meters wide (previously 30 meters wide). As predicted by the firm on this blog last year the runway expansions -- which make...

Posted on 27 July 2011