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Tag Archives: Turkey

Nestle goes on investing in Turkey

29 November 2011, Ankara - According to Nestle Turkey’s CEO, Mr Hans Ulrich Mayer, Turkey has been a great place to invest - “Turkey has been the recipient of several Nestlé investments many times greater than we invest in other markets” reported Mayer. Nestle has invested about 500 million USD...

Posted on 29 November 2011

Fitch Affirms Turkey at BB+

Fitch Ratings has affirmed Turkey's rating at BB+ one step away from investment grade, despite revising the country's long-term foreign and local currency Issuer Default Ratings (IDR) to Stable from Positive. The agency also affirmed Turkey's Short-term foreign currency IDR at 'B' and Country Ceiling at 'BBB-'. "The revision of...

Posted on 23 November 2011

Reciprocity Restrictions to be Removed in 2012, Boosting Foreign Sales

The Turkish government is expected to remove the reciprocity restrictions on its property market in 2012. The draft law is to be polished off by the Environment and Urbanisation ministry before being submitted to the national parliament later this month. The aim of the law would be to open up...

Posted on 19 November 2011

Foreigners Buying More Property in Turkey

The latest data from the Turkish Land Registry Director shows that some 123,,000 foreigners own 113,687 immovable properties in Turkey. The data shows that resort properties are still the most popular with foreigners, and they prefer established cities like Antalya, Mugla and Aydin ,as well as Istanbul and Bursa. The...

Posted on 18 November 2011

Top of the Props: Most Popular Turkish Properties in October

With the recent news of a 7% rise in Turkish property prices in the last year, courtesy of the Turkish Real Estate Investment Association GYODER, it seemed like a good time to present the latest data on our most popular properties. Altinkum -- famed for its low cost properties --...

Posted on 11 November 2011

Turkish Airlines Istanbul Ataturk Now Most Diverse Hub in Europe

From its hub at Istanbul Ataturk, Turkish Airlines now offers a wider range of non-stop flights than any other carrier does from a single airport. Turkish Airlines now flies non-stop from Ataturk to 172 destinations around the world, leaving its nearest competitor Lufthansa some way behind flying to 158 destinations...

Posted on 10 November 2011

Turkish Property Prices Continue Steady Growth

Turkish house prices continue to grow at a steady pace according to the latest data from Gyoder in partnership with Reidin. Over the first few months of this year, month in month out the index showed year on year growth averaging around 6% and monthly growth hovering around 1% or...

Posted on 09 November 2011

Turkey Unaffected by Euro Debt Contagion says Erdogan

Speaking at the B20 business event at the G20 in Cannes, the ever-charismatic Turkish Prime Minister Erdogan told the audience of CEO's and businessmen that Turkey's history of reforms make it immune from the sovereign debt crisis engulfing Europe. "Structural reforms created an environment ensuring that, even in times of...

Posted on 04 November 2011

British Airways Looks to Increase Istanbul Flights

British Airlines is looking to further increase the number of transit flights to and from Istanbul, according to a manager with the firm. Gavin Halliday, who is the general manager of the firm's Europe and Africa operations said: "Not only has the number of people visiting Turkey increased, the number...

Posted on 03 November 2011

Turkish Banking Shares Surge on Central Bank Announcement

Turkish banking shares saw a three-day losing streak broken into a surge after the central bank cut reserve requirements on lira liabilities, which freed up capital for increased lending. The banking shared index rose 3.3% at the close, almost completely reversing the previous day's 3.5pc fall. The biggest gain was...

Posted on 28 October 2011