Turkish Central Bank raises rates in shock move
Erdogan has always opposed interest rate hikes, saying they raise inflation. However, in a show of independence, the Central Bank has done just that, in a move to bolster the ailing lira. The move is expected to raise investor confidence. Erdogan continues to oppose the move, but it's thought he might have been pressured to bow to investors.
Antalya marches towards record-breaking year
Antalya's beaches and city streets thronged with visitors this summer. For locals, it was a welcome change after two fallow years where tourist numbers dwindled. The southern region has long been popular with Russian and German visitors, who make up a large share of the 14 million expected visitors arriving in the city this year.
'Time to invest in Turkey', says US investment guru
Jim Rogers has always had vision. The investor, businessman and author has had a long money-making career and is well qualified to comment on the economic factors shaping the future of the globe. Now, he's saying the US should drop its sanctions against Turkey - and invest in the country instead.
After two slow years, Turkish tourism is back on top
Tourists are back. Thronging in the streets, lounging on beaches, lining up at city malls, visitor numbers to Turkey are at peak levels. Helped along by the low, low lira, which makes goods and services cheaper than ever, and a rebound after a couple of bad years, 2018 looks to be a stellar year for Turkish tourism.
'Simply incredible': property enquiries triple amidst lira drop
Enquiries are flooding in from people all over the world looking to take advantage of the lira, which has reached a record low, and buy investment properties in Turkey. Property Turkey director Cameron Deggin says he made five online sales yesterday, an unprecedented number, and an indication that the sweet spot to invest is now.
Brits flock to Turkey as lira reaches new low
Tourism's back on the map in Turkey, helped along by a low lira, which means a low-cost holiday for Brits looking for ways to spend a failing pound. Numbers of domestic tourists are also on the rise, with more Turks than ever before holidaying in their own country.
Athletic Antalya: sports big business in southern city
Sports tourism is booming in Turkey, especially in the Mediterranean city of Antalya, a popular spot for sports teams and events. Investment in infrastructure and facilities means Turkey's share of the $200bn global sports tourism share will rise to $1bn this year, and as for the future: it's nothing but net for Turkey.
Turkey's economy is stable, says new finance minister
Turkey's new finance minister is also President Erdogan's son-in-law, and the relationship leaves investors wondering whether Berat Albayrak will go his own way, or follow his father-in-law's stance on opposing Central Bank interest rate hikes. Albayrak has recently commented that Turkey's economy is strong and stable.
Can Turkey benefit from the US-China trade war?
In March, the US President announced 25 percent tariffs on imported steel and iron, causing China to retaliate with its own tariffs. The tariffs are likely to effect most world economies, but experts say Turkey can find a way to mitigate or even profit from the current circumstances by setting up US industrial zones and expanding into new markets.
50m visitors by 2023? Turkey's tourism strategy
Fifty million visitors by 2023 is an ambitious goal. But the Turkish government is confident it's reachable. Turkey's foreign minister recently reiterated the ambitious target, which would see tourist numbers increase by some 20 million in just five years. We look at the ways Turkey is planning to attract new markets and bolster existing ties.
Erdogan's victory assures Turkey's economic future
Erdogan has cinched a victory in Turkey, with the president gaining a clear win over his opposition candidate, and his AK Party forming a majority coalition with its ally, MHP. Although Erdogan's majority has slipped, his continued rule means the country's economic future is secured, good news for anyone looking to invest in Turkey.
Turkey's first-quarter growth defies expectations
Turkey's economy expanded by 7.4% in the first quarter of the year, a result that's being lauded as a positive indication for annual growth, as well as an incentive for foreign investors looking to invest in Turkey's property, energy and industry sectors, which have overtaken service sectors to become the country's most targeted.