26 September 2019
As Indian crisis grows, we look to Turkey's banks The last week has seen customers of India's PMC Bank reeling at the news they won't be permitted to withdraw more than $14 over the next six months. The case has highlighted bank vulnerabilities, particularly in emerging markets. We take a look at Turkey's banking fundamentals.24 September 2019
Turkey will swerve recession, says IMF The news that Turkey's not about to slide into recession will be cause for celebration among investors. Steps taken by the Turkish government to shore up the economy against a decline have resulted in green shoots and a promising outlook for 2019. A new economic program on the cards will further pinpoint ways the country can improve.22 September 2019
Turkey's bounce-back 'impressive' says expert Turkey's bounce back from last summer's challenge was "impressive", says an expert from Fitch Ratings. "Turkey has shown a very impressive resilience, flexibility, and recovered and stabilised from the financial crisis of last summer."20 September 2019
House Sales To Foreigners Boost Turkish Furniture Sales The surge of foreign buyers purchasing houses in Turkey has seen the furniture market flourish. According to sector specialists, this is mainly due to the program that is run in Turkey to gain Turkish Citizenship by investment in real estate.20 September 2019
Russians No Longer Require Visas To Visit Turkey The Turkish Foreign Minister has released a statement confirming that Russians wanting to visit Turkey will no longer require a visa to enter the country. This is valid reciprocally for officials, holders of service passports and international drivers of transport. Turkish special passport holders are also included in these new measures introduced.17 September 2019
Visitors to Antalya reach over 8 million for first time ever Antalya, the resort city of Turkey has recorded an all-time high in the first seven months of this year, exceeding eight million foreign visitors for the first time ever. It appears that this trend is to continue and see the overall visitor numbers increase and end the year on a high.17 September 2019
Turkey welcomes 25 million visitors from January to July Data published by the Culture and Tourism Ministry recently confirmed that in the months from January to July this year Turkey welcomed just fewer than 25 million foreign visitors in total. This is a massive increase of 14.1% from the same time last year.15 September 2019
Invest in Turkey, says head of development bank When EBRD president Suma Charkrabarti visited Turkey, he made his feeling about the country's potential clear. Turkey's large market, unique location and economic diversity makes the country an ideal investment destination, he said, adding that his organisation believed in Turkey, which is why it was investing.09 September 2019
High-speed metro to connect city with airport A high speed transport link between Istanbul's new airport and the central city will cut journey times to just half an hour. The link is 80% complete, and when completed will add to Istanbul's appeal as an international hub and a destination for leisure travellers and businesspeople.04 September 2019
No-deal Brexit could lose Turkey $3bn in trade A no-deal Brexit could have far reaching impacts on Turkey, and many Turkish companies are unaware of this, says Tukish Trade Minister Ruhsar Pekcan. Despite the willingness of the UK and Turkey to work together, Turkey's commitment to the EU could prevent a free trade deal from being signed.03 September 2019
Foreign purchases of Turkish real estate up by 68.8% TURKSTAT (The Turkish Statistical Institute) announced that in the first six months of 2019, foreign purchases were up by a staggering 68.8%, which equates to 19,952 units selling in January to June, which was up by 8,136 units from the same period last year.03 September 2019
Turkish Airlines Increases Fleet of Aircraft Turkish Airlines have announced ownership of a new Boeing 787-9 Dreamliner plane. With the addition of the new plane, Turkish Airlines are in a position to prove they are ready to become a major force in the international aviation sector.