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Tag Archives: Turkey

Turkey’s income per capita increases to top 10

18 July 2011 - According to a recent Economist Intelligence Unit report, Turkey now has an income per capita of over 10,000 USD making it the 6th highest country in the world where the population exceeds 70 million inhabitants. The report indicates Turkey isnow  in the same league as Germany, US...

Posted on 18 July 2011

Turkish Property Prices Continue Strong, Steady Growth

Earlier this week we revealed that Turkey is now the fastest growing economy in the world, based on the latest data from Turkstat showing 11% year on year growth in the first quarter -- beating Argentina (9.9%) and China (9.4%) by a considerable margin. And now we can reveal that...

Posted on 16 July 2011

Turkish Unemployment Now in Single Figures

According to the latest data from Turkstat Turkish unemployment has fallen into single figures for the first time since July 2008, falling 2.1 points from April 2010 to stand at 9.9% for April 2011. The data shows that 2.6 million people were registered unemployed in April 2011, compared to 3.07...

Posted on 15 July 2011

Turkey Extends Presence as Prominent Player in Global Economy

Turkey continues to expand its presence as one of the prominent players in the post-crash global economy. It's like another week another slew of positive economic data. In the last week we have seen 3 Turkish banks ranked in the top 25 of a chart of the world's most profitable...

Posted on 13 July 2011

Health tourism to Turkey is set to grow.

8th July 2011 – According to Muharrem Usta, CEO of Turkey’s Medical Park healthcare services group, “The government’s (Turkey’s) aim to earn USD 5 billion from providing medical services to foreigners is achievable”, Medical park is building 3 new hospitals in Istanbul, Izmir and Ankara especially focused medical services to...

Posted on 08 July 2011

Turkey Welcomes Influx of Wealthy Arab Tourists

We recently reported that tourism to Turkey had increased by 14.56 percent in the first five months of this year, compared to the same period in 2010 according to data from the Ministry of Tourism. However, far more significant in the larger scheme of things is the market share of...

Posted on 08 July 2011

Lloyd’s of London to open in Istanbul

7th July 2011 - Lloyd’s of London Chairman Peter Levene has announced that Lloyd’s has accepted the importance of Turkey as a regional and global financial centre and is entering the Turkish market as well as expressing regrets that Lloyd’s had not entered the Turkish market previously. Levene said “Turkey’s...

Posted on 07 July 2011

Istanbul Airports Make News for Series of New Routes

We have learned from airline data collation service anna.aero, that Pegasus Airlines increased its coverage of Germany out of Istanbul Sabiha Gocken this week, when it announced the launch of a new 3-weekly services to Nuremberg in German Bavaria. The route is to be serviced by the airline's 737-800s with...

Posted on 07 July 2011

Turkish banks in most profitable global list

6 July 2011 The Banker magazine’s report “Top 1,000 World Banks” has rated 3 Turkish banks in the top 25 global banks for return on capital. In 6th place in the world was the Turkish Government owned Halk Bank followed by Ziraat Bank at 9th place, also Turkish Government owned, and in...

Posted on 06 July 2011

Turkish Economy Now Fastest Growing in World

The Turkish economy continued its incredible growth with a record of 11% year on year GDP growth in the first quarter. This made Turkey the fastest growing economy in the world by an incredible margin; Argentina was closes with 9.9% followed by China with 9.7%. At the start of 2010...

Posted on 01 July 2011