Turkey's new finance minister is also President Erdogan's son-in-law, and the relationship leaves investors wondering whether Berat Albayrak will go his own way, or follow his father-in-law's stance on opposing Central Bank interest rate hikes. Albayrak has recently commented that Turkey's economy is strong and stable.
Turkish property & economy news
In March, the US President announced 25 percent tariffs on imported steel and iron, causing China to retaliate with its own tariffs. The tariffs are likely to effect most world economies, but experts say Turkey can find a way to mitigate or even profit from the current circumstances by setting up US industrial zones and expanding into new markets.
Fifty million visitors by 2023 is an ambitious goal. But the Turkish government is confident it's reachable. Turkey's foreign minister recently reiterated the ambitious target, which would see tourist numbers increase by some 20 million in just five years. We look at the ways Turkey is planning to attract new markets and bolster existing ties.
Erdogan has cinched a victory in Turkey, with the president gaining a clear win over his opposition candidate, and his AK Party forming a majority coalition with its ally, MHP. Although Erdogan's majority has slipped, his continued rule means the country's economic future is secured, good news for anyone looking to invest in Turkey.
Turkey's economy expanded by 7.4% in the first quarter of the year, a result that's being lauded as a positive indication for annual growth, as well as an incentive for foreign investors looking to invest in Turkey's property, energy and industry sectors, which have overtaken service sectors to become the country's most targeted.
In ten days, Turks will head to the polls. What happens after that is the cause for much debate. Will Erdogan's ruling AK Party coalition manage to hold onto its majority? Or are we due to see change in the form of populist CHP leader Muharrem Ince? Whatever happens, it's clear: Erdogan's hold on power is not what it once was.
The announcement from Turkish Airlines that direct flights are now operating between London Gatwick and Bodrum Milas Airport has been met with excitement from Turkey's tourist industry. Formerly served by charter flights, Bodrum's links with the outside world are now stronger than ever, pushing property prices higher and bolstering the local economy.
Tourist numbers are looking healthy again in Turkey. The first five months of the year saw an increase in 700,000 tourists travelling to the southern city of Antalya. It's great news for the local economy and for anyone working in the tourism industry. The province is aiming for a total of 14 million tourists this year.
Golf is once again at the fore in Turkey, with record numbers of games expected to be played before the year's end. The country is once again on the tournament map, with international and local professionals set to play in golfing centre Belek, as well as Samsun, on the country's Black Sea.
A reported jump of 21.5 percent in the number of passengers travelling to Istanbul's Ataturk Airport is not only due to tourism, claims Property Turkey director Cameron Deggin. Istanbul's status as a global property investment hub has never been more assured, with investors from the Middle East queuing for investment property in the city's regenerating areas.
Over the last couple of years, cruise ship passenger numbers have fallen along with overall tourist numbers. However, the future is once again looking bright as cruise operators once again add popular destinations like Kusadasi, Istanbul and Bodrum into their itineraries.
A pipeline which will transport 16 billion cubic metres of natural gas from the Caspian Sea to Europe by way of Turkey is set to transform Turkey's fortunes, as well as its relationship with neighbouring Azerbaijan. Azerbaijan's rich reserves of natural gas are set to be transported to Europe through Turkey, helping secure Turkey's own energy future.