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Tag Archives: Politics

Turkey Set to Confirm Potential Energy Project with Israel

Turkey’s energy minister Berat Albayrak has confirmed that he will visit Israel before the end of 2017 to finalise an ambitious gas line project from Israel to Turkey. The announcement was made at the 22nd World Petroleum Congress in Istanbul that ran from the 9th to the 13th of July....

Posted on 13 July 2017

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

Turkey Presenting Draft Action Plan to EU

According to EU Minister Egemen Bagis, Turkey is due to present a draft action plan concerning the opening of a new chapter in its bid for European Union membership. Apparently it has fulfilled the benchmarks for the opening of a new negotiation chapter which will be presented to the EU...

Posted on 19 February 2013

Turkey Talking Energy with Russia

The Russian president recently visited Turkey as the two countries are looking to increase bilateral trade from its current level of $32 billion to around $100 billion. This is an ambitious target, and is largely dependent on the Turkish energy imports. During the first 10 months of this year Russia...

Posted on 06 December 2012

UK Due to Help Turkey with EU Bid

The UK recently announced it would support Turkey’s bid to join the EU during a visit to the country's by the Deputy Prime Minister Nick Clegg. The UK will help Turkey bring its judiciary up to the standard required by the European Union. In order to achieve this, a project...

Posted on 06 October 2012

The New Law is Law – Turkey Welcomes Many New Property Buyers

What a historic day; in years to come they'll ask, where were you when the law came into effect. Nah, that is a bit of an exaggeration, but this is still huge news for the Turkish property market. The Bill to end reciprocity was pushed through parliament and approved earlier...

Posted on 08 August 2012

Turkish Incentive Package Attracts $3.2 Billion Investment in Six Weeks

Turkey launched its new incentive package designed to attract foreign and domestic investment into the country on June 19 and since that date has received 480 project proposals worth TL 5.5 billion or $3.2 billion. According to the economy minister, Zafer Caglayan, Turkey is expecting substantial investment from Europe, and...

Posted on 03 August 2012

The Law is Passed – More Foreigners Can Buy More Property in Turkey

Regular readers of this blog and most other sources remotely relating to Turkey or overseas property would only have needed the first part of the title to know what we meant. The Turkish Parliament has been discussing a new property law, to end reciprocity as a barrier to foreign buyers...

Posted on 04 May 2012

Turkish Government Passes New Law Allowing More Construction

The Turkish government recently passed a new law which will allow a parcel of land known as 2B to be used for construction. This land was formerly classified as a forest and covers 4.1 million acres and is in areas where agricultural and construction activity was previously banned by the...

Posted on 26 April 2012

Turkish Budget Deficit Shrank 24.9% in 2010

Turkish finance minister Mehmet Simsek has announced that the budget deficit dropped by 24.9% in 2010. Turkey’s continued good news on the economic front continues to increase the likelihood that it will be bumped up to investment grade status this year. The announcement, coming as it does amidst an EU...

Posted on 20 January 2011