Food news coming out of Turkey as Yildiz Holdings announce the acquisition of United Biscuits - the UK company behind the household brands McVitie's, Jaffa Cakes, and Penguin to name a few. The deal, worth around £2 billion, sees Yildiz move up to number three in the world for biscuit production and sees the Istanbul based company cement their ambition to place a strong foothold in the UK.
Turkish property & economy news
The first four months of 2014 saw a record number of property sales as numbers reached more than 5,000 units sold - up nearly 50% on the same period in 2013. With the real estate market seemingly on the upwards trend, we take a look at the the reasons for Turkey's continued success in the market, as well as a look into why some region's have not performed as well this year as they have in previous years. Take a look at our 2014 real estate review and future outlook.
Turkey has been in the spotlight in recent months thanks to the ISIS conflict happening over the border. However, regional unrest has not put a dampener on tourist numbers. In fact, the contrary has happened, with record numbers of visitors heading to Istanbul, Antalya and other regions. Why has Turkey been so successful? A successful marketing campaign has helped highlight the country’s assets, while tourism diversification has seen the rise of health tourism, conference hosting and cultural holidays. Turks are also beginning to take more holidays within the country, further boosting numbers.
BREAKING NEWS After hours of talks today, the Turkish parliament has decided to step up the country’s involvement against the terrorist state ISIS, whose fighters are currently advancing through Syria and Iraq. Turkey has thus far avoided joining the coalition of countries striking against ISIS, but the compromised security, including that of a historical Ottoman tomb located on a Turkish enclave in Syria, has changed this. Turkey’s stability has not been compromised by the fighting, but as it approaches the borders the country will need to act to ensure its reputation as a safe bridge between east and west remains intact.
One of the world's biggest football teams, Chelsea FC, has announced the signing of a multi-year agreement with Turkey's national airline Turkish Airlines that will see the airline become the main sponsor across their shirts from the beginning of next season. Worth around £25 million pounds per year, the agreement will see European's fourth largest carrier and one of footballs most successful teams join forces for an adventure where only the sky is the limit.
EU Minister Volkan Bozkir has announced a new plan and strategy designed to improve the relations between Turkey and the European Union and help speed up the accession. The "National Action Plan for EU Accession" will be finished by 2019 and will bring the nation one step closer to becoming part of the EU, while easing any fears that Turkish people may have about joining. Centred around three principles: determination, continuity, and effectiveness - the strategy will focus on prioritising the interests and benefits of Turkish citizens while improving the communication between the EU and Turkey.
Recep Tayyip Erdogan has officially been unveiled as the new President of Turkey following a political campaign and a victory represented by a 52% majority vote in the first ever Turkish direct presidential election. After a successful career as Turkey's longest ruling Prime Minister, all eyes will be on Erdogan to see what is in store for Turkey with this new shift of balance. The former PM has successfully overseen a large amount of the continued growth of the economy and other matters in the last ten years, is Turkey set for a sustained period of growth? Is this a good move for the nation? We take a look at what might be in store over the next few years.
As of April 10, 2014 all passengers travelling to Turkey will need to have obtained the new electronic e-visa before entering Turkey as the nation moves ahead with plans to make it easier to fly or travel. At a cost of only £10.00 and saving time on waiting in long queues upon arrival, travelling to Turkey has never been easier for tourists looking to enjoy summer holidays at some of Europe's most loved beaches and coastal regions. Make sure you are well aware of how to apply and obtain the e-visa before embarking on your holiday to Turkey this year because failure to do so will more than likely result in refusal to board the airplane. All info you need is within including tips on how to avoid bogus websites or unncessary tourist agency fees.
With Recep Tayyip Erdogan looking to increase powers of the Turkish President from a ceremonial role to a role whereby the president could exercise executive powers, speculation is growing that in the upcoming elections we could see a swap of positions between Prime Minister Erdogan and current President and AK Party founding member Abdullah Gul. What would be the implications of this? And how exactly could Erdogan go about implementing these transformation of powers? We take a look at the Presidential role of Turkey and what it means today, and what it could mean in the future.
With the recent protests in Istanbul seemingly deterring people from travelling to Turkey, this article shows that actually, the tourism industry in Turkey has continued to fledge and prove a hot destination for millions of tourists who are planning summer holidays along Turkey's Mediterranean coast line with an increase of over 14% on the same period during last year.
Last year, Arab buyers of property in Turkey snapped up 2,700 properties in the first ten months of the whole year - out of the 21,700 total purchased by foreign buyers, including those from previous top countries including Germany, the United Kingdom, Russia and the Netherlands. Following the reciprocity law removal in 2012, Arab buyers have been flocking to Turkey under the new conditions, and this year is no different, with revenue from property sales in Turkey expected to increase further again with analysts predicting $5 billion in sales for the year ahead.
We predicted on 28 January 2014 when we said "invest now for maximum discounts and take advantage of falling Turkish Lira before it reverses again before the end of April 2014". We were spot on. Since the local elections of 30 March, Turkish Lira started rallying up against hard currencies just as we thought it would. Your window of opportunity to secure maximum discounts due to low Turkish currency is disappearing day by day as the Lira moves to reverse its losses and as Turkish government announces new positive economic indicators