2024-April-24

Australia has made significant strides in foreign direct investment (FDI) within Turkey, with a substantial capital infusion totalling 708 million USD. This investment is bolstered by the presence of 260 Australian-owned companies operating within Turkish borders, contributing to economic growth and fostering bilateral relations between the two nations.

2024-April-03

In the recent local elections, the opposition party, CHP, emerged triumphant, securing victory in 35 out of 81 cities. This resounding victory marks a historic moment in the annals of Turkish politics. The multifaceted reasons underlying this electoral landslide have become subjects of rigorous debate among pundits and analysts, a discourse I shall defer to their expertise.

2024-March-28

In 2023, Russian companies emerged as the most prolific investors in Turkey, marking a significant milestone in the economic relations between the two nations. With over 2,000 Russian companies venturing into Turkey, bilateral trade volume soared to a substantial $60 billion, propelling growth and strengthening ties.

2024-March-22

German companies have been key players in Turkey's economic landscape, having injected a substantial $12 billion into the country over the past two decades. With over 8,000 German companies actively engaged in various sectors within Turkey, the recent decision by Deutsche Bank to redirect its investments towards the nation marks a significant shift.

2024-March-16

From humble beginnings to a cosmopolitan metropolis, Istanbul's journey as a tourist destination has been nothing short of remarkable. In 1990, the city welcomed 1.98 million tourists, a number that surged to 2.69 million by 2002. However, it was in 2019 that Istanbul shattered records by attracting 14.9 million visitors, a feat that continued to soar as it hosted over 20 million tourists in 2023.

2024-March-16

Fitch, the Rating Agency has upgraded Turkey’s rating from “B” to “B+” – citing tighter approaches to its monetary policy that have helped reduce macroeconomic issues within the country. Following the Rating upgrade, Fitch also revised Turkey’s outlook from stable to positive after Turkey’s Central Bank left its key interest rate steady in February.

2024-March-16

In 2022, one airport stood out as a bustling hub of international travel: Istanbul Airport. With a staggering 64 million passengers passing through its terminals, it claimed the title of the busiest airport in Europe for the year. Spanning connections across an impressive 114 countries, Istanbul Airport serves as a pivotal junction linking travellers from various corners of the globe.

2024-March-16

Turkey, ranking as the fifth largest electricity consumer in Europe, has historically relied heavily on foreign energy sources. However, significant strides have been made with a staggering $70 billion invested in renewable energy between 2002 and 2023, resulting in 80 percent of electricity production being sourced domestically.

2024-March-15

The World Health Organization (WHO) has released a report stating that the average life expectancy in Turkey has risen to 78.6 years. This marks a significant increase from previous years. The report revealed that women in Turkey have a life expectancy of 81.3 years, while men have a life expectancy of 75.9 years.

2024-March-15

In a statement released on Tuesday, the Saudi Tourism Ministry revealed that it has extended its e-visa program to six additional countries, allowing nationals from those nations to apply for visas online before travelling. The move is part of a broader effort to encourage tourism in Saudi Arabia and make it easier for nationals from selected countries to enter.

2024-February-08

Positioned as a dynamic and progressive nation, Turkey has continually directed substantial investments towards its burgeoning technology sector over the years. From an initial industrial export value of $20 billion in the early 2000s, Turkey has remarkably surged, expanding its industrial exports exponentially to a formidable $200 billion.

2024-February-02

Throughout the 2000s, the commercial relationship between Turkey and Norway has experienced a significant upswing, marked by a robust expansion in mutual foreign trade. This upward trajectory reached a noteworthy milestone in 2008 when the bilateral trade volume surpassed the 1 billion-dollar mark for the first time.

2024-January-30

In the dynamic landscape of global economic collaborations, the bilateral relationship between Switzerland and Turkey has witnessed significant growth over the years. As of the latest data provided by the Central Bank, approximately 1,000 companies backed by Swiss capital are actively contributing to Turkey's economic landscape.

2024-January-22

SunExpress increased capacity and added over 2,000 flights to Turkey to meet strong demand during the longer 2023 tourism season. This helped the carrier exceed its passenger target for total numbers in 2023. CEO, Max Kownatzki, told reporters that SunExpress flew almost 10 million passengers from January to September, an all-time high.

2024-January-22

Turkey recently announced the "12th Development Plan" – which will be a school performance evaluation process. The main aim is to assess where there could be limited progress being made by pupils in schools that have displayed diminished levels in terms of development, so that suitable action can be taken.

2024-January-17

According to official figures recently released, Turkey's tourist industry generated an all-time high revenue in the third quarter of 2023 thanks to a spike in international arrivals. This indicates that the country is almost certain to surpass its record year-end targets.

2024-January-17

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.

2024-January-16

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.

2024-January-16

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.

2024-January-11

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.

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