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Turkey Deserves Ratings Upgrade Says Leading Figure

Turkey has long deserved an ratings upgrade, after its performance throughout the financial crisis, as well as its being one of the most stable economies in Europe and the world in its aftermath. These are not our words, but those of Vedat Akgiray, the chief of the Capital Markets Board...

Posted on 16 June 2011

Turkish Tourism Spikes in 2011, Will they Stay or Will They Go?

Turkey welcomed 6 million visitors in the first 4 months of 2011, an astonishing 21% increase over last year. Obviously this incredible rise has been mainly attributed to the Arab Spring; the name given to a series of uprisings which have toppled governments and created warzones across the Middle East....

Posted on 10 June 2011

Istanbul Ataturk Welcomes New Flight Routes

The Istanbul tourism and property market are set to be boosted by new flight links with Genoa. Turkish Airlines has just launched a new route to the Italian city, flying 3 times weekly (Wednesday, Thursday, and Saturday) from Istanbul Ataturk (IST), with an additional flight to be added from June...

Posted on 09 June 2011

The Turkish Economy Continues to Soar

More good news for the Turkish economy came this week when the Turkish Exporters Assembly (TIM) revealed a 20% year on year growth in exports in May. This follows the record exports of 11.8 billion in April, when growth was also strong (25% month on month, no year on year...

Posted on 04 June 2011

It’s Official, Turkey to Top European Economy Again in 2011

The Turkish economy grew 8.9% in 2010, this made it the fastest growing economy in Europe by a good margin. Everyone expected growth to slow in 2011, it had to; the growth rate in 2010 was unsustainable, and to sustain it would ultimately have done more harm than good in...

Posted on 26 May 2011

Bodrum International Airport Traffic Grew 11% in 2010

Istanbul is currently one of the highest profile cities in the world, what, with its economy and property market booming, construction booming, employment growing faster than any other city in the world (Brookings Institute 2010) and one of the fastest growing populations in the world as well. As a result...

Posted on 25 May 2011

Turkey Property Prices Surge into 2011 (stats)

As European residential property markets still clamber toward recovery ever-worrying about a double dip, and authoritative sources tell us the US property market has already double dipped, we look at markets like Turkey to see that they are experiencing strong growth into 2011. According to (GYODER) the Association of Real...

Posted on 21 May 2011

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

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