2021-January-20

An exodus that began in 2009 with the re-election of a hardline president shows no sign of slowing, as Iranians look for an alternative to their failing state. With Turkish citizenship by investment still on the table, Iranians are increasingly looking to Turkey as a place to make a fresh start. 

2021-January-17

The head of Turkey’s presidential investment office has stated at the Web Summit 2020 that Turkey is set to see a larger amount of investment over the next five years, with interest in Turkey currently higher than ever.

2021-January-17

Mustafa Varank, the Industry and Technology Minister, has revealed that in November 2020 Turkey provided 1,009 investment incentive certificates which will provide the country with investments totalling 25.3 billion Turkish Lira (3.31 billion USD) and also create in the region of 33,903 new jobs in the country.

2021-January-15

In 2020, data has shown that despite the coronavirus pandemic that decimated the tourism industry around the world to a standstill, Turkey remained the top destination for Russian tourists leaving Russia for holidays abroad during the summer and beyond towards the end of the year.

2021-January-15

The tourism sector in Turkey is hoping that, by administering coronavirus vaccines, the sector will welcome 25 million foreign visitors this year after a sharp decline in visitor numbers last year due to the coronavirus pandemic that took hold of the globe.

2021-January-13

When the coronavirus pandemic halted exports from China, importers of citrus fruit were forced to look elsewhere. Enter, Turkey. Last year's citrus exports from Turkey increased by 24%, turning mandarins, lemons, oranges and grapefruit into a central tenet of Turkey's agricultural exports. Russians were at the top of the list, importing almost 200,000 tonnes of fruit.

2021-January-13

Mount Nemrut stands between the East and West crossroads in southeastern Turkey and is one of the most spectacular tourist attractions in the country, welcoming over 500,000 international and local tourists in the last few years. Mount Nemrut is a mountain that stands 7,001 feet high in Kahta in Adiyaman province.

2021-January-13

Hazelnut exports between September and December 2020 by Turkey earned a grand total of 732.8 million USD (TL5.4 billion), according to data provided by a regional trade group. The Black Sea Hazelnut and Products Exporters’ Association provided data which shows that the 4-year figure fell by over 32% from the same time last year.

2021-January-09

There's a bright spot on the horizon with the news that Turkey's economy is set to grow as much as 4% this year. Since November, investors have returned to Turkey, buoyed by the rallying of the lira and an economy revitalised by increased consumer spending and a healthy domestic property market. 

2020-December-29

Days before the UK formally leaves the European Union, London and Ankara have reached an historic trade deal. The two countries have $25bn in annual trade, and the agreement means this will be upheld. It also paves the way for a more ambitious deal in the future, with trade expanding into agriculture and services.

2020-December-27

Never one to shy away from reform, Turkish President Recep Tayyip Erdogan has announced that 2021 will be a year of economic and democratic change in Turkey. And with the country's investment levels rising, it looks like change is already underway, with initiatives in the automotive sector promising to revolutionise the industry.

2020-December-22

The way that the tourism industry in Turkey handled the pandemic has inspired visitors to travel and book holidays in 2021. Ulkay Atmaca, head of Turkey’s Professional Hotel Managers Association (POYD) explained that the country had strict safety and hygiene measures introduced, and this is a major reason why the approach for 2021 has been so positive.

2020-December-21

Real estate purchases made in Turkey by foreigners in 2020 are set to reach a total of more than seven billion USD as the year ends. Although there have has been a slump in the total number of units sold because of the COVID-19- pandemic, a sector representative said sales will hit target figures thanks to a recent upward trend in buyers and their spending.

2020-December-20

According to a recent report, the Dogus Group in Turkey are on the brink of selling their 42% share of one of the largest and most prominent shopping malls in Istanbul, Istinye Park, for one billion dollars (TL 7.75 billion) to Qatar Holding LLC.

2020-December-20

The Norwegian 1.6 trillion USD Sovereign Wealth Fund has expanded its investments in Turkey, with their most recent purchase being a stake in a company that produces confectionary. As of December, the Sovereign Wealth Fund has invested 800 million USD in a variety of Turkish companies.

2020-December-20

According to a report released by the Andolu Agency, to date foreigners have invested 8 billion USD in Turkish real estate. Data gained from the General Directorate of Land Registry and Cadastre of the Ministry of Environmental and Urbanisation confirmed that most foreign buyers purchased in Istanbul, which totalled 18.4 billion Turkish Lira as of the end of October 2020.

2020-December-20

Turkey's depreciated lira has been a hot topic. However, with Turkey's new central bank governor working to curb inflation and stabilise the currency. Property Turkey director Cameron Deggin says it's never been cheaper to buy a property with foreign currency, but warns with the lira about to climb, this is a state that is strictly temporary.

2020-December-11

Cheap lending has seen a surge of demand in Turkey's housing market, resulting in an upwards movement in house prices. A report from Knight Frank shows that Turkey's house price growth was highest in the world for the third consecutive quarter. Property Turkey director Cameron Deggin said the report chimed with his experience over the last few months, as buying continues apace.

2020-December-03

This year has represented a seismic shift for tourism, with dwindling numbers of visitors affecting bank accounts and the wider economy. Now tourists are heading back to tourist destinations, but they're operating by a different set of rules. Turkey's tourism operators are responding, with new destinations catering to a socially-distanced world.

2020-December-02

In a year that's been a challenge for almost every country on the planet, Turkey's economy has outperformed expectations. The third quarter of 2020 saw the economy outperform its peers. However, the fourth quarter will see a slowdown as interest rates climb and the country introduces measures to deal with the resurgence of coronavirus.

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