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Balkan Tourists Stuck on Turkey

According to  a new story in the SE Times tourists from the Balkan countries have not been turned off a Turkish holiday by the recent unrest in Istanbul. Turkey has been bogged down by news of the protests since the end of May. Some say it’s a storm in a...

Posted on 29 June 2013

Turkish Tourism Continues Strong Growth in May

Turkey is a tourists dream. In fact, it is like a food that you are apprehensive to try out but then when you do, you find out that you have been missing out terribly. Tourists made this realisation about Turkey round about 2002 and ever since then Turkish tourism numbers...

Posted on 26 June 2013

Turkey Real Estate Investment to Hit 10 Billion USD Annually

According to the latest data from the Association of Real Estate Investment Companies (GYODER), global investors ploughed 720 million USD into Turkish property investments in the first quarter of this year. This represents a growth of 89% compared to Q1 2012 according to the firm, which predicts that Turkey will...

Posted on 21 June 2013

Turkey Plans Continued Economic Surge

A draft for Turkey's 10th 5-year economic development plan has been sent to Parliament. According to the plan Turkey will reach an annual growth rate of 5.5%, have a 4.5% inflation rate, and a 7.2% unemployment rate by the end of 2018. The Ministry of Development plans to meet the...

Posted on 18 June 2013

Investors Cautiously Optimistic Around Turkish Social Movement

The growing "social movement" in Turkey is not a major cause of concern for investors according to a senior member of the Turkish Industry and Business Association. In a telephone interview with Hurriyet Bahadır Kaleağası, an international coordinator with the body said the international investors had noticed the differences between...

Posted on 15 June 2013

Foreigners on Turkish Property Buying Spree

We are only just past midway through the year but already foreigners have purchased more than 6000 properties in Turkey. According to data from the Turkish Environment and Urbanization Ministry 6802 foreigners from 83 countries including the US, Kuwait, Britain and Tanzania have purchased 5,432 Turkish houses and 862 plots...

Posted on 08 June 2013

Istanbul Ranks as Top Global Tourist Spot

Istanbul has scored big once again in Mastercard’s Index of Global Destination Cities, securing itself the 6th spot among 132 cities ranked in terms of international visitor arrivals and spending. The survey predicted that Istanbul would welcome 10.4 million international visitors this year, putting it in front of Dubai, Hong...

Posted on 06 June 2013

Turkey’s Economic Prowess Brings Surge in Hotel Chain Investments

Turkey’s string of economic achievements, crowned by going from debtor to contributor with the IMF and a series of “investment grade” ratings -- Moody’s Investors Service, Japan Credit Rating Agency and Dominion Bond Rating Service all upped Turkey to investment grade recently on top of Fitch, which did so earlier...

Posted on 05 June 2013

Turkish Tourism Growth Boosted by Transport Investments

Speaking at the Turkey and Neighbors Hotel Investment Conference (CATHIC), a player in the tourism sector has said that the sector is being boosted to 300% annual growth and beyond thanks to giant transportation and urban renewal plans. The huge cost and huge effort spent on transportation and infrastructure projects...

Posted on 31 May 2013

Turkish Airlines Puts Istanbul on top of European Aviation

Talk about taking the world by storm, well Turkish Airlines is certainly causing a storm in Europe. The airline has been almost constantly in airline news for several years now as it adds more new routes than any other airline over any period you wish to measure. Thanks to its...

Posted on 17 May 2013