Bilateral Trade between Turkey and USA to increase
Recep Tayyip Erdogan, the President of Turkey confirmed that he and American President Donald Trump have agreed to keep their disputes to one side and forge ahead with their trade target of 100 billion USD between Turkey and the USA.
COVID-19 and Turkish property: what investors should know
The Coronavirus pandemic is upending economies and the tourism industry. But when it comes to property in Turkey, Cameron Deggin follows a maxim. "When there's blood on the streets: buy property." For overseas investors confined to internet shopping, there are ways and means to get your hand on a bargain, Deggin explains.
Tourist numbers in Turkey up by 16%
In January, foreign visitors choosing to visit Turkey increased on a yearly basis by 16.1% with hotel occupancy rates increasing by 6.4% to reach 61.9% when compared to January 2019. Ministry data confirms that in January 2020, Turkey recorded their highest number of foreign visitors ever for January at approximately 1.8 million people.
Russian visitors to use Rubles in Turkey
Munir Karaloglu, the governor of the southern city of Antalya in Turkey has confirmed recently that talks are ongoing between the capital city of Ankara and the capital city of Moscow to allow Russian tourists to use their own Rubles currency when visiting Turkey for vacations.
Record numbers using Turkish Railways
Turkey’s transport minister confirmed that 2019 saw record increases in passenger and freight transportation on Turkey’s rail network. Cahit Turhan said that the huge success of the railway network is due to the investments that have been made to this mode of transport since 1950. Last year 8.3 million passengers travelled via high speed trains which equated to a 2% increase year on year.
Turkey grants citizenship to 5,000 foreign investors
Following on from legislative amendments first put into place two years ago regarding Turkish Citizenship by Investment, new data released shows that there have been over 5,000 successful foreign investors who have been granted citizenship.
Turkish Airlines to increase flights to Mexico
Due to increasing demand from Latin American tourists, particularly those from Mexico, Turkish Airlines has made the decision to increase flights to these areas of the world. Additional flights were announced from Istanbul to two cities in Mexico as of August last year.
Five more EU countries granted Turkish Visa exemption
Turkey has recently announced that they intend to provide 90-day visa-free entry to tourists from five more European Union countries. This has come after Turkey removed visa restrictions and costs for citizens from the United Kingdom and other countries from within the European Union as part of an initiative to boost tourism.
Turkey to produce 1 million electric cars by 2030
The Ministry of Turkey’s Energy and Natural Resources has recently announced that it is anticipated by 2030 there will be over one million electric cars using Turkish roads. Fatih Donmez said: “By 2022/2023, we hope to see our own indigenous automobile on the roads.”
Facebook to open a new office in Bursa, Turkey
Facebook have recently announced the opening of a new office in the city of Bursa, Turkey. Facebook is also set to open many other offices in various other Turkish cities with the sole aim of helping the younger generation.
Sabiha Gokcen Airport to introduce sleeping pods
In a bid to keep up with the new Istanbul Airport who recently opened a private area where passengers can rest between flights, Sabiha Gokcen Airport has announced that they will be offering a new form of sleeping pods for passengers to sleep during long connections at the airport.