Turkish property & economy news
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 2022.30 October 2023
September record logged as Turkey’s exports hit $22.67 billion Turkey's trade sector has been enjoying remarkable growth in recent months, with the country's exports reaching new heights, as per the preliminary figures announced by Trade Minister Ömer Bolat on Wednesday. The impressive growth of Turkey's exports is driven by its diversified economy.24 October 2023
2.5 million hosted in Türkiye's Muğla between January and August Muğla, a captivating province located in the south-western region of Turkey, is a natural wonderland that attracts millions of tourists annually. The region is blessed with an abundance of natural beauty, stunning beaches, and ancient cities that showcase Turkey's rich history and cultural heritage.24 October 2023
Logistics centre opened in Turkey by e-commerce giant Amazon Amazon, the world-renowned e-commerce giant, has made its grand entry into the Turkish market with the official opening of its first logistics centre located in the Tuzla region, on the Asian side of Istanbul. The centre, which began operating in September 2023, has been established with a whopping investment of over $100 million (TL 2.75 billion).13 October 2023
Extended tourism season anticipated across Turkey The tourism sector in Turkey is currently basking in the glow of a prosperous summer season, with an extension expected in the months to come. Foreign visitors have been flocking to the Mediterranean resorts, and Istanbul, in particular, has seen a surge in popularity.12 October 2023
FedEx Europe to set up Cargo facility at Istanbul Airport In November 2024, FedEx Europe, will be opening a brand-new transit hub at Istanbul Airport. This decision was made after a thorough evaluation of several factors, such as the airport's state-of-the-art infrastructure, advanced connectivity, cutting-edge technological advancements, and strategic location between Europe and Asia.12 October 2023
Arrivals hit 30 million as tourism in Turkey continues to boom Turkey, a nation that boasts awe-inspiring landscapes, a rich history, and a vibrant culture, has become an increasingly popular tourist destination in recent years. The latest official data shows that the country has seen a significant increase in foreign visitors during the first seven months of 2023.05 October 2023
Turkish Airlines to purchase 10 new Airbus A350 jets In a recent announcement, Turkish Airlines has revealed its plan to expand its fleet of widebody planes by acquiring 10 additional Airbus A350-900 aircraft. This strategic move will effectively double the company's existing fleet of widebody planes.
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