23 January 2022
Turkish Airlines debuts sustainable aviation fuel flights The national flag carrying airline Turkish Airlines (THY) will switch to new fuel that decreases emissions by 87%, the company’s chairperson Ilker Ayci said on Thursday. THY will be debuting flights using this new sustainable fuel with their new motto “Our route is the future”16 January 2022
Luxury yachts soars as sector tops 1.4bn USD Beloved of billionaires, luxury yachts are a common sight in Turkey's upmarket ports. But it's not just the rich and famous that benefit from these vessels: the luxury yacht sector has bagged more than $1.4bn for the Turkish economy.14 January 2022
Tourism industry in Turkey has great expectations for 2022 The expectation Turkey has put on their tourism sector for this year is very high. It should come to fruition though, as they have already received a huge number of reservations with many coming from the United Kingdom, which is an extremely important market for Turkey and its Mediterranean coast.14 January 2022
Hugo Boss announces 1,000 new jobs in Turkey The German designer clothing house Hugo Boss has made the decision to move their production closer to their European base so that they can reduce how much they rely on Southeast Asia, particularly as there is severe pressure being put on global supply chains. Therefore, they are to expand their current Turkish factory capacity.11 January 2022
Tourist numbers increase for nine consecutive months Official data showed that there was an upward trend for the first nine months of 2021 with foreign holidaymakers reaching 1.8 million for the month of November. The Culture and Tourism Ministry reported that although these figures were up by a huge 111.5% when compared with November 2020, they are still down 19.5% when compared to the pre-pandemic levels.11 January 2022
Cappadocia welcomed record numbers to celebrate New Year The UNESCO world heritage site, Cappadocia, saw foreign and domestic tourists flock to celebrate the New Year amidst the historical, cultural, and natural marvels that the area has to offer. The region put on special celebrations in various ways, with hotels welcoming tourists from all over the world to join in the festivities.29 December 2021
President Erdogan says Turkish Education is amongst the best President Erdogan recently announced that over the past 20 years Turkey have made significant improvements in every area of education, to the point where they are now capable of competing with other nations, in particularly the Organisation for Economic Co-operation and Development (OECD) countries.29 December 2021
Renault opens new subsidiary in Turkey The French car giant Renault recently announced the establishment of RGO (Renault Group Automotive inc.) which is part of a breakthrough strategy that they are deploying in Turkey. The move has been made so that Renault can strengthen both their investments and presence in Turkey.28 December 2021
Revision to Turkey’s Tourism Revenue for 2021 At the 11th International Resort Tourism Congress held at the Mediterranean resort city in Antalya, the Turkish Culture and Tourism Minister announced that Turkey’s financial goal from the tourism industry for 2021 has been revised up and is now set to be 24 billion USD in total.28 December 2021
Istanbul set to launch fastest Metro Line A new Metro Line has been running trials to connect Gayrettepe to Istanbul Airport. The line is due to open next year and will be the fastest line in the city with the capability of travelling at 120kph. The Transport and Infrastructure Minister was present at the trials and added that the Metro Line would also be the first to use the country’s signalling system.28 December 2021
First Libyan Ferry arrives in Turkey in decades After decades, the first passenger ferry from Libya docked at the Aegean coast in the Izmir province of Turkey. The ferry, “Kevalay Queen,” departed from Misrata, the Libyan port. The ferry, carrying 107 passengers anchored down at the Alsancak Port in Izmir and this was the first time in 25 years that the route has been used.27 December 2021
Investors make gains as lira comes back with force After government intervention, the lira made record-breaking gains last week, ending 50% up on Christmas Eve. Investors who bought property at the bottom of the currency are now cashing in, and there's more growth set to come, analysts say.