17 January 2024
Turkey welcomes more than one million cruise passengers Official data indicates that in the first nine months of last year, the number of passengers arriving in Turkey via cruise ships exceeded one million, confirming the robust tourism season that is expected to conclude at a new all-time high.16 January 2024
US a significant player in Turkey’s economic growth United States remains a significant player in Turkey's economic growth, ranking as the second-largest investing country with a substantial $1.1 billion investment in 2021. Data provided by the Investment Office of the Presidency of the Republic of Turkey highlights a noteworthy 87% increase in foreign direct investment (FDI) inflows to Turkey during the first 11 months of 2021.16 January 2024
China now Turkey’s third largest trade partner In a significant economic milestone, the trade cooperation between China and Turkey has surged to $23.6 billion, positioning China as Turkey's third-largest trade partner, following Russia and Germany. The noteworthy increase in Chinese investments in Turkey, reaching an impressive 120%, underscores the strengthening economic ties between the two nations.11 January 2024
South Korea’s role in the Turkish economic landscape Over the period spanning from 2002 to August 2023, South Korea has played a pivotal role in Turkey's economic landscape through Foreign Direct Investment (FDI). Official figures report a noteworthy FDI amounting to 1.4 billion USD during this period, marking a substantial contribution to the Turkish economy.11 January 2024
257 Japanese companies now operating in Turkey In recent years, the economic collaboration between Japan and Turkey has reached new heights, exemplified by the presence of 257 Japanese companies operating in Turkey, and reciprocally, four Turkish companies making their mark in Japan.04 January 2024
Increasing UK investments in Turkey In the year 2021, the United Kingdom invested a substantial £8.9 billion in Turkey, marking a noteworthy increase of £1.8 billion compared to the previous year, 2020. This surge reflects a 25.6% growth in the UK's Foreign Direct Investment (FDI) stock in Turkey.04 January 2024
Spain invests $11 billion in Turkey over ten years In the dynamic landscape of international business, Spanish foreign direct investment (FDI) has significantly contributed to Turkey's economic growth, with a remarkable total of $11 billion USD pouring into the country over the past decade. This substantial inflow underscores the robust economic ties between Spain and Turkey, fostering a mutually beneficial relationship.29 December 2023
Turkey lifts visa requirements for six countries Announced in the country’s Official Gazette on Saturday in a presidential decree, Turkey has lifted visa requirements for citizens of six new countries including the United States, Canada, the United Arab Emirates, Saudi Arabia, Bahrain, and Oman.28 December 2023
$62.5 billion FDI in Turkish Real Estate since 2003 Since 2003, Turkey has emerged as a formidable force in the global investment landscape, securing nearly USD 240 billion in Foreign Direct Investment (FDI). Notably, a substantial portion of this influx, totalling USD 62.5 billion, has found its way into Turkey’s dynamic real estate industry.01 November 2023
EV charging points exceed 8,800 in Turkey Turkey's efforts to promote the adoption of electric vehicles (EVs) have been gaining momentum. Mustafa Yılmaz, the head of Turkey's Energy Market Regulatory Authority (EPDK), announced that the total number of charging points in the country has exceeded 8,800 and is growing at an impressive pace.01 November 2023
Reservations begin for Turkey's Eastern Express for December The Turkish Ministry of Transportation and Infrastructure has recently announced an exciting news for train enthusiasts and nature lovers alike. The "Touristic Eastern Express" on the Ankara-Kars route, which is considered one of the most breathtaking train routes in the world, will now be available three times a week starting from December.30 October 2023
Tourism in Cappadocia hits record highs Cappadocia, a region located in central Turkey, is a fascinating destination that offers a unique blend of natural beauty, history, and culture. In the period from January to September, museums and archaeological sites in Cappadocia hosted 3,053,827 visitors, up from 2,544,909 visitors in the same period in 2022.