Hopes for Turkish lira as it defies the odds
Turkey's lira took a beating last year. Losing 50 percent of its value against the dollar meant inflation took a hit, soaring sky high. Since May, however, the lira has climbed slowly back up, and Turkish bonds garnered healthy returns. While we're not yet in the clear, the green shoots are encouraging news for investors.
Rare Turkish bee stowaway sparks international outcry
A rare bee that stowed away in a British tourist's suitcase and built colourful petal sacks in their conservatory has sparked an international outcry after British officials ordered its destruction. The osmia avosetta was discovered in 2009 on a remote Turkish mountain. British officials fear it could threaten native bees, which are in decline.
Turkey and Canada agree to increase investment and trade
Ruhsar Pekcan, Trade Minister for Turkey and Jim Carr, the Canadian Trade Minister met in Japan at the beginning of June at the G20 Ministerial Meeting on Trade and Digital Economy. It was here where the two ministers signed the joint Economic and Trade Commissions MoU. This joint understanding aims to strengthen current trade ties.
Turkey and UK to further relations regardless of Brexit outcome
Turkey and the United Kingdom already enjoy strong ties and are looking to strengthen their bilateral ties further to ensure that their relationship is not affected by Brexit, regardless of whether there is a deal or no deal. Trade ministers from both countries attended a meeting in the Turkish capital of Ankara.
Industry insiders predict Turkish tourism surge
Turkey will wrap up 2019 with some good news from the tourism sector: experts are predicting a 10 percent rise in the number of tourists visiting Turkey. Turkey's largest city, Istanbul, and the southern Mediterranean city of Antalya are the preferred destinations, each welcoming record numbers of visitors.
Property sales in Turkey continue to soar in 2019
Turkey’s property market continues to rise with real estate sales to foreigners in May being the highest ever. As a result, the market has enjoyed the highest foreign sale figures month-on-month since the beginning of the year with June continuing to impress.
11% Increase in Foreign Visitors to Turkey in 5 months
In the first five months of this year, the number of foreign visitors arriving to Turkey showed a huge increase of 11.3% year-on-year according to statistics from the Ministry of Culture and Tourism. In total, almost 12.8 million foreigners visited Turkey from January to May this year in comparison with 11.5 million recorded for the same time last year.
Antalya Airport sees highest rise of passengers in all of Europe
Welcoming over 25 million passengers last year, Antalya Airport reported the highest increase in all European airports. Ilgaz Arnaz, the Operations and Security director at Fraport TAV Antalya Airport confirmed that: “Antalya saw the highest increase in the number of passengers with a 21.1% rise in 2018."
Kusadasi Welcomes 40 Cruise Ships from January to May
From January to May this year, the Ege Port located in Kusadasi, in the Aegean province of Aydin played host to forty cruise ships in total. Due to this, Ege Port is currently ranked as the number one port in Turkey with regards to the number of passengers and number of ships entering and exiting the country.
Turkey voted seventh best expat destination in the world
It's official: if you're an expat, Turkey is one of the best places to live on the planet. An HSBC survey has placed Turkey at seventh place, up from its 22nd place ranking last year. The country has made a huge effort in the past few years to make itself foreigner-friendly, easing regulations around visas, property buying and living.
All change? The reality of Istanbul and Turkey under Imamoglu
Ekrem Imamoglu is the man of the moment. After sweeping to victory in Istanbul's mayoral re-run elections, the city and wider Turkey are poised for change. But what will the reality look like? Should President Recep Erdogan be worried? We separate the fact from the fiction and examine Imamoglu's stance on Istanbul and beyond.
New Eastern Express train to boost tourism in Turkey
Ankara recently held a ceremony to mark the first journey taken by the Tourist-only Eastern Express Train in Turkey. The new tourist train has been launched to not only promote railway tourism, but to also help with the huge demand that the current Eastern Express is struggling to meet.