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Turkish airlines finished 2011 with a big array of new flight routes, and has started 2012 in the same way. At the back end of last year Turkish airlines made the headlines for being quick to resume flights into Libya as soon as the infrastructure allowed it in September, it also launched a wide-array of [...]
This week was a week of big tourism events in Turkey, events which brought a new realisation on tourism income growth in Turkey. The Turkey Tourism Summit in the Istanbul Convention and Exhibition Centre ICEC made the headlines for a rather controversial reason. Hurriyet headline: “Minister blames statistics body for poor calculation” in a story [...]
Ankara, 1st February 2012 – Unlike European banks, Turkish banks had a very good profitable year in 2011 with profits reaching nearly 12 billion USD. In a recent report by Brand Finance, a London based brand valuation consultancy, eight Turkish banks were rated in the top global 500 for brand values with Akbank being rated [...]
Istanbul, 26 January 2012 – According to Mr Mehmet Buyukeksi, Chairman of the Turkish Exporters Assembly, Turkey’s exports should reach 150 billion USD in 2012. In the first 25 days of 2012 Turkey’s exports increased by over 13 percent compared to the same period of 2011. “2012 will be a better year than it is [...]
We have the latest from Gazipasa airport in Alanya, and while it unfortunately contains no news of direct UK flights, we can tell you that the airport is set to bring online a much wider array of flights in 2012. Our contact, Murat Sen, a spokesperson for airport operators TAV told us that “quite large [...]
The Turkish government has just finished drafting a new bill to further open up the property market to foreign buyers, as well as making purchases easier for foreigners. The most important thing in the bill is that it is set to end the reciprocity requirement on foreign purchases, thereby allowing nationals from any country in [...]
Last year saw Turkish exports grow at an incredible clip, leading analysts and commentators (including ourselves) to predict that it would eventually start to bring down the current account deficit, which is an important economic indicator and one of the few blemishes left to negatively color the Turkish economy. Well, it has now started to [...]
We all heard a lot about the Turkish economy in 2011 I know I wrote a lot about it and the reports are still coming in now. As always, it takes time to prepare final figures for the entire year, but if the reports we have seen so far are anything to go by then [...]
Istanbul is currently one of the hottest places for buy to let investment in the world. The population is huge and growing so rapidly in numbers and affluence, that developers simply can’t build fast enough to meet the demand for quality property to buy and rent. But it is also said that Istanbul is an [...]
It’s official, Turkey has crossed the long-anticipated threshold of 30 million visitors, a year later than expected. During the boom the government set the tourism target that Turkey would be receiving 30 million visitors per year by 2010. Then the credit crunch happened. Most tourism markets were completely derailed by the crisis as it engulfed [...]
