2020-January-22

In accordance with a news conference in Ankara on December 30th, 2019 attended by the Turkish and Moldovan Presidents, it was agreed that although the countries have faced difficulties, they believe that mutual investments will see them overcome issues with their bilateral economic relations.

2020-January-20

The Tuzla district of Istanbul is setting up a biotechnology valley with the foundations due to be completed in July 2020. The project has an estimated cost of 12 billion Turkish Lira and it is predicted that the new biotechnology valley will create 30,000 new jobs in Tuzla.

2020-January-20

Official data reported that residential purchases rose by a massive 54.4% in November 2019, after the CBRT (Central Bank of the Republic of Turkey) slashed their interest rates making borrowing costs far cheaper.

2020-January-19

Tourism is booming, and the numbers look good. With a tourist industry that's no longer dependent on sea, sand and sun, Turkey's diverse drawcards are working their magic, attracting millions of visitors and putting much-needed money into the economy, which relies partly on tourism for growth.

2020-January-19

There are currently 71 mansions situated on the waterfront of the Bosporus that are currently for sale. An expert who oversees many of the Istanbul mansion sales confirmed that: “The combined value of this luxury estate stands at approximately TL10 billion which equates to 1.68 billion USD.”

2020-January-02

This year, the economy is set to expand 3%, signalling an easing of the country's currency woes.

2019-December-22

Three million tourists visited Turkey's 1500 thermal springs this year, adding $1 billion to the Turkish economy. Turkey's geothermal tourism is growing, as the country seeks to expand its health tourist sector. Overseas visitors are discovering how quick and easy it is to reach some of these incredible attractions.

2019-December-18

Getting a Turkish residency visa was once as easy as 1, 2, 3. But from 1 Jan 2020, it will no longer be possible for tourists to secure residency with a rental property contract. Property Turkey director Cameron Deggin believes this law change will precipitate a flood of interest in bargain property.

2019-December-15

Radisson Hotel Group announced plans to increase the 4,500 beds they currently offer to a massive 10,000 in Turkey. Radisson sees Turkey amongst its top ten markets across the world, and looking to expand into the provinces of Hatay, Gaziantep, Van, Osmaniye and Kars.

2019-December-14

TurkStat (Turkish Statistical Institute) has confirmed that foreign investors purchased a total of 4,272 houses in Turkey during October 2019, bringing the total Turkish real estate sales to 142,810 in the first ten months of this year.

2019-December-14

For the last seven years All Nippon Airways (ANA) have been the largest 5-star airline in Japan, and they have recently announced their intention to begin flying from Tokyo to Istanbul direct by the start of summer of next year.

2019-December-10

The number of Germans choosing to visit the top tourism resort of Antalya in Turkey continues to increase. Antalya played host to 2.3 million visitors last year and it is pleasing for Turkey and its economy to see these figures increase by 200,000 in the first ten months of the year in 2019.

2019-December-10

Industrial and Commercial Bank of China (ICBC), the largest bank in the world with regards to deposits, loans and assets and they have confirmed that they have now purchased the prestigious Istanbul project Tower 205, which is located in one of the priciest and high calibre locations of the city.

2019-December-06

The Culture and Tourism Ministry in Turkey has confirmed that international visitor numbers from January to October have hit a staggering 40.7 million this year so far, that equates to an increase of 14.5% year-on-year when compared with 2018.

2019-December-06

Air Serbia stopped flying from Istanbul Airport on March 14, 2017 and after over two years, they are set to resume flights from the new Istanbul Airport on 11 December 2019. In a statement released by IGA (Istanbul Airport Operator), it confirmed that Air Serbia would start to fly from the newest airport in Turkey to Belgrade.

2019-December-04

After several quarters of contractions, Turkey's economy has expanded, laying to rest fears of a continued recession. The recovery is in no small part thanks to the central bank cutting its interest rates to revive borrowing. Officials remain hopeful that 2020 will see Turkey return to 5% growth.

2019-December-02

The Airbus 380 is the largest passenger plane in the world, and it is being utilised by China Southern Airlines to transport visitors to Istanbul due to new interest in Turkey from Chinese tourists looking to travel.

2019-December-02

In the past 12 years, one of the world’s most vital cultural and historical heritage sites, Hagia Sophia in Turkey has welcomed almost 31 million people and tourists as one of the must see locations in the city. 

2019-November-28

Antalya's always been a popular destination. Its international airport connects travellers to Europe and the Middle East, and the city has a wealth of restaurants, museums, leisure facilities and of course - the beach. Now it's reaching a peak of popularity with property buyers. The number of properties sold to foreign buyers is set to top 10,000 this year.

2019-November-20

The new Istanbul Airport opened its first phase on 29 October 2018, which coincided with the 95th anniversary of the founding of the Turkish Republic and has welcomed 9.87 million domestic flight passengers and a further 30.6 million international flight passengers since first being opened.

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