The latest Turkish property and economy news

2024-August-05

Turkey a top destination for tourists worldwide

Turkey, strategically located between Europe and Asia, has become a top destination for tourists worldwide. With its breath-taking natural beauty, rich historical and archaeological sites, improving tourism infrastructure, and renowned hospitality at competitive prices, it's no wonder that Turkey is drawing millions of visitors each year.

2024-July-31

Growing confidence in the Turkish Lira

The Turkish Lira (TL) has been the subject of extensive analysis, particularly concerning its depreciation, often evaluated through the lenses of inflation and purchasing power. However, the measures implemented since June 2023 have significantly contributed to the stability of the TL, shifting the narrative towards a more optimistic outlook.

2024-July-31

Turkey’s ambitious tourism targets for 2024

Turkey has made significant strides toward its ambitious tourism targets for 2024, aiming for 60 million tourists and an income of 60 billion dollars. By the first half of the year, the nation had already accomplished a substantial portion of these goals.

2024-July-30

The beauty of the Turkish language

Turkish, though it may come as a surprise to some, is a deeply romantic language. Not to be confused with the capital 'R' Romance languages like Spanish or French, Turkish offers its own unique expressions of love and endearment, making it one of the most emotionally rich languages in the world.

2024-July-30

One million international students choose Turkey

Turkey boasts 208 universities serving a population of 85 million, with over 7 million students enrolled. This makes Turkey the leading country in the European Higher Education Area by student population. With 45,000 different programs available across these universities, you're sure to find a university that suits your needs.

2024-July-30

The European Union continuing to invest in Turkey

The EU-Turkey Customs Union has significantly boosted bilateral trade, achieving a record high of nearly €206 billion in 2023. This impressive figure underscores the success of the union in fostering economic ties between the European Union and Turkey.

2024-July-30

“Made in Turkey” becoming a global brand

Between 2002 and 2023, Turkish tourism and construction companies have played a pivotal role in enhancing the global recognition of Turkey's development aid and the "Made in Turkey" brand. During this period, Turkey provided $92 billion in development aid, establishing itself as a leader in humanitarian efforts.

2024-July-27

The Global Rise of Turkish TV Series

From Greece to South Korea and Argentina to Venezuela, Turkish television series, or "dizi" have captivated audiences worldwide. Since the early 2000’s, when "Gümüş" ("Silver") became a sensation in the Middle East, Turkish series have steadily expanded their reach across the globe.

2024-May-23

Turkey's continued popularity for global tourists

Turkey’s appeal among tourists is well-deserved. Its rich tapestry of history, culture, natural beauty, and gastronomy, combined with affordability, offers something for every traveller. Whether you are a history buff, nature enthusiast, food lover, or adventurer, Turkey promises an unforgettable experience.

2024-May-10

Foreign Investment in Turkey between January and April 2024

With a foreign investment stock reaching $264 billion by December 2023, Turkey commands a 1 percent share of global investments. As the nation sets its sights on attracting $70 billion in investments between 2024 and 2028, international discussions ensue regarding the feasibility of this ambitious goal.

2024-April-26

Antalya’s tourism success in 2023 and beyond

Antalya, nestled along Turkey's stunning Mediterranean coastline, is a treasure trove for cultural enthusiasts and beachgoers alike. Stretching from the picturesque town of Kaş in the west to the charming Gazipaşa in the east, this scenic coastal region is dotted with a myriad of historical sites, ancient cities, and architectural wonders waiting to be explored.

2024-April-24

260 Australian-owned companies operating in Turkey

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

Celebrating the Pinnacle of Turkish Democratic Expression

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

Russian companies emerging as key investors in Turkey

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

Investors prefer Turkey: Deutsche Bank

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

Istanbul surpasses Paris and London as top tourist destination

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 upgrades Turkey’s rating to B+

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

A rising star in 2024: Istanbul Airport

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's Energy Profile and Investment Potential

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

WHO: Life expectancy extended in Türkiye to 78.6 years

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.