Investment news round up - Banks, Economy, and Real Estate
We bring you a summary of the latest investment news from Turkey. The European Investment Bank is to invest a record 2.5 billion Euros in Turkey, concentrating on infrastructure, healthcare and SMEs; Bosch announce further investment in their Turkish divisions. The Turkish arm of Bosch is the fifth largest in the world. Siemens CEO announces Turkey’s future as “bright”; and a Saudi fund is to invest US$750 million in Turkish property.
News round up: what’s going on in Turkey?
We bring you the latest news from Turkey. This week: Turkey plans to increase its Council of Europe contribution; the EU and Turkey agree to expand the customs union; Turkey vows to grow its alliance with NATO following the meeting in Antalya; a new trend of hair transplants in Turkey is caused by metrosexuality, according to a physician; healthcare in Turkey is big business; and a selfie-snapping statue is vandalised in the Northern Turkish city of Amasya.
Turkey's future in the balance as country gears up for election
Turkey's general election at the beginning of June is shaping up to be a game changer for the country. With dissatisfaction with the ruling party AKP at an all time high, and the economy facing problems, voters are looking for alternatives. Like with the UK election and the Scottish National Party, an outsider is creating a stir. Pro-Kurdish party HDP is the outsider that is appealing to ethnic minorities and left-wing voters. Let's examine the main players - and the possible outcomes of the election.
Turkey tourism round up
↵All the latest tourism news coming out of Turkey regarding everything to do with the tourism industry, including Turkey’s role as “powerhouse” in tourism praised ahead of G20 meeting in Antalya, as well as great news coming out from Turkish Airlines for those seeking more options for flights, and finally a look at some fascinating areas to visit for tourists this summer with all the statistics and information to help you decide where you will be heading in Turkey with the family this summer. Our round up of Turkish news for May 2015.
Botched mosaic restoration makes laughing stock of Turkish museum
A museum in Turkey’s south, famous for its huge collection of Roman mosaics, has become famous for another reason: the terrible restoration of some of its ancient works. Stones of different colours and shapes have replaced the original stones in some of the works, rendering the facial expressions on the artwork unrecognisable. The craftsman who took before and after pictures of the works said they have become “a caricature”. Work at the museum has been suspended.
Near death experience leads to nail-biting cliff rescue in Fethiye
A simple day out became a terrifying ordeal for a British father and son when a quad bike rolled off a cliff face, resulting in a 20-metre plunge for 52-year-old Gareth Soden, followed by a two-hour rescue that involved a dash to find help and two rescue teams and the fire brigade, who carried out an incredible cliff-face recovery and medical intervention.
“Stupid blonde” comment fires up social media
Famously cantankerous Ankara Mayor Melih Gokcek has come under fire for tweeting comments calling a US State Department official a "stupid blonde", accusing her of silence over the ongoing protests in Baltimore. The Mayor, who is quick to lash out at opponents on Twitter, and in some cases even opening lawsuits against them, has been accused of hypocrisy.
Erdogan determined to consolidate ties with Kuwait
The Turkish President visited Kuwait this week to discuss the relationship between Turkey and Kuwait and sign an agreement bolstering ties between the two countries. While in the Gulf nation, Erdogan spoke to potential investors and outlined the benefits of investing in Turkey, a country already popular with Kuwaiti tourists. Kuwaitis are increasingly buying property in Turkey, especially in Istanbul, and Erdogan mentioned the government initiatives that are making it easier for citizens of the Gulf nation to do so.
The sky’s the limit for Istanbul property prices
Istanbul continues to shine in its position as Turkey’s prime property hotspot. Property prices rose by 20 percent over the same period last year, with real estate in prestigious and central Besiktas taking pole position and Saliyer close behind. Real estate in Istanbul’s cheapest neighbourhoods also rose in value. Antalya, on the Mediterranean coastline, was the second choice of buyers.
Mark Cavendish two for two on second day of Tour of Turkey
Manxman Mark Cavendish is the current leader in this year’s Tour of Turkey cycling race – but the arduous course might shake up the order a little as cyclists head for the mountains. Cavendish, whose fall in last year’s Tour de France dashed his hopes for the world’s most famous cycling race, is on top form in Turkey. The event is being broadcast live, and is shaping up to be a thrilling race.
Hope for Cyprus
With support from Turkey and the United States, and a potential new government for Northern Cyprus, this might just be the year the island reunifies. US Secretary of State John Kerry has expressed his support for talks this year, saying that a reunified Cyprus would be a huge boost for the region. Elections are currently being held in Northern Cyprus, and political commentators believe that a new moderate government will further help facilitate change by working closely with Greek Cypriots to find a mutual solution.
Turkish Airlines soaring high
Turkey's national airline has announced an increase of passengers for the first quarter of the year. Passenger numbers have risen by 6.5 percent over the same period in 2014. Turkish Airlines has also added a new route to San Francisco, as well as more daily flights to Budapest.