Skiing Taking Off in TurkeyFebruary 19, 2012
Turkish skiing is finally attracting the attention it deserves. With its high mountains and climate Turkey offers excellent skiing between November and May. The high mountains of Turkey have made the country an important center for winter sports and tourism. According to experts like Dr. Okan Gültekin, Turkey Ski Federation (TKF) board member, skiing has [...]
Turkey Works to Secure Free Trade with GCCFebruary 18, 2012
As the EU continues to flounder, EU accession becomes a less attractive aspiration. For Turkey, it is still an aspiration, but Turkey continues to expand its relationships with countries, and other economic groupings around Europe and the world. The latest deal being worked on by Turkey is a free trade area agreement with the countries [...]
Turkey Tries to Negotiate with Iran over Gas PricesFebruary 12, 2012
Turkey is trying to renegotiate the price it pays for gas from Iran and has recently taken the case to international arbitration as it feels the rates are too high, while Iran is set on keeping the price unchanged. Turkey has few natural energy resources and is reliant on buying gas from other countries, but [...]
Turkish Exports Unscathed by Regional CrisesFebruary 11, 2012
Twenty eleven was a record year for Turkish exports, despite things like the Arab Spring and Eurozone debt crisis, which many thought could hit demand. In fact, the eurozone crisis had “nearly no effect,” while the Arab Spring’s effect was “extremely limited.” This is according to a new report from economists at the Bahçeşehir University [...]
South Korean President to Visit TurkeyFebruary 4, 2012
The South Korean president is visiting Turkey with the aim of discussing ways to expand cooperation, especially over Turkish plans to build nuclear power plants. The South Korean President Lee Myung-bak is meeting with Turkish President Abdullah Gul and Prime Minister Recep Tayyip Erdogan and is expected to discuss ways of expanding trade ties between [...]
Tourism Revenue in Turkey Increases by More Than 10%
Last year revenue from tourists visiting Turkey increased by 10.6% compared to a year earlier, with tourism revenue reaching $23 billion in 2011 compared to $20.8 billion a year earlier. This growth comes from the fact that the number of tourists grew and so did the amount they spent. According to the data 36 million [...]
Turkish Property Prices Expected to Show Steady Increases This YearJanuary 28, 2012
Turkish property prices are being predicted to show a steady increase this year, as prices of new property increased by 9.88% in November 2011 year-on-year according to the REIDIN New Home Price Index. The index also showed property on the European side of Istanbul increasing by 1.17% month on month, while property on the Asian [...]
Turkish Airports Continue Strong Growth in 2011
Turkish airports continued their exceptional growth last year according to the latest data from the government as published by airline data collation website Anna.Aero. According to the data 117 million people landed at Turkish airports in 2011, a growth of 14% compared to 2010, and a growth of 47 million over the last 4 years. [...]
Istanbul the World’s Favourite Place to Get WedJanuary 13, 2012
Many, if not most people will be shocked to learn that a survey has just found that Istanbul is the number one destination in the world for weddings, which is a massive boost to the economy of the city. The survey conducted by a Turkish website that provides information to couples who will be getting [...]
Officials: Scoping out Potential Sites for Erdogan’s Mega CanalJanuary 7, 2012
I am sure I am not the only one that questioned Erdogan’s announcement of a new Istanbul canal to replace the Bosporous, not least because its timing on the verge of an election was very suspicious indeed. But apparently government officials are currently assessing potential sites for the Canal’s path, and land values have increased [...]
