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Turkish president approves law on sale of real estate to foreigners

Saturday, 19 May 2012 Real Estate

Turkish president approves law on sale of real estate to foreigners

Turkish President Abdullah Gul approved on Thursday a law which envisages sale of real estate to foreign nationals. According to the law, foreigners will be able to buy real estate in Turkey in line with the interests of the country. The new law has raised the area of land a foreign buyer can purchase to 30 hectares from 2.5. The Turkis...

Expats to start casting votes for elections in Turkey in 2014

Saturday, 19 May 2012 Europe

Expats to start casting votes for elections in Turkey in 2014

Turkish deputy prime minister said late on Friday that Turkish citizens living abroad will start casting votes for elections in Turkey in 2014. Bekir Bozdag said that the first ballot box in foreign countries would be opened for Turkish presidential election in 2014. "Our citizens living abroad will cast their votes for both presidentia...

Turkey to exclude Greek Cyprus-linked firms from energy projects

Saturday, 19 May 2012 Energy

Turkey to exclude Greek Cyprus-linked firms from energy projects

Turkey said on Friday that companies bidding to develop Greek Cyprus' offshore gas fields would be shut out of Turkish energy projects, amid a spat between the rivals about who has rights to potentially vast reserves in the east Mediterranean. Turkey wants offshore exploration to await a peace settlement between the Greek and Turkish co...

Nabucco West to survive as a shorter pipeline between Turkey and Bulgaria

Saturday, 19 May 2012 Energy

Nabucco West to survive as a shorter pipeline between Turkey and Bulgaria

Turkey's energy and natural resources minister said on Friday that it would "not be appropriate" to say that the Nabucco project was over. Taner Yildiz said the project would probably survive as "Nabucco West" - a smaller, shorter pipeline, widely thought likely to begin at the Bulgarian-Turkish border rather than in Azerbaijan. "In the...

Turkish Airlines posts 29.3 million TL loss in Q1

Saturday, 19 May 2012 Transportation

Turkish Airlines posts 29.3 million TL loss in Q1

Turkish national airline company posted 29.3 million Turkish liras-TL (15.9 million USD) loss in the first quarter of 2012. A Turkish Airlines (THY) statement said that THY's net loss was 29.3 million TL in the first quarter of 2012. THY had posted 18.5 million TL (10.09 million USD) of profit in the first quarter of 2011. Headquartered...

Let Turkey progress toward EU membership

Friday, 18 May 2012 Europe

Let Turkey progress toward EU membership

François Hollande should add an item to his daunting list of priorities: End France’s block on Turkey’s talks to join the European Union, and do it soon. That may seem eccentric in light of everything Hollande already faces, what with the euro area’s economic meltdown. But it isn’t. EU leaders need to show direction and create momentum ...

31st Turkish Day March and Festival celebrates in New York

Friday, 18 May 2012 America

31st Turkish Day March and Festival celebrates in New York

On May 19th, the streets of New York will be strewn in red and white for the Turkish American Association Federation’s 31st Turkish Day March and Festival. Chairman of the Turkish American Association Foundation (TADF) President Ali Çınar has announced that preparations for the Turkish Day March and Festival are currently ongoing at ful...

Istanbul to host World Forum on energy regulation

Friday, 18 May 2012 Energy

Istanbul to host World Forum on energy regulation

Istanbul will host World Forum on Energy Regulation in 2015. The forum is the most comprehensive conference of the world on energy regulation. Turkey's Energy Market Regulation Board (EPDK) was selected as the chair of the 6th World Forum on Energy Regulation. EPDK was selected during the forum between May 13 and 16 in Canada.World Foru...

Gold sales between Turkey and Iran reaches a new level

Friday, 18 May 2012 Finance

Gold sales between Turkey and Iran reaches a new level

Turkish gold sales to Iran in March soared over 30 times and gold companies said Iranians were turning to gold for savings and possibly trade as Western sanctions tighten. Sanctions to force Iran to curb its nuclear program have targeted its energy and banking sectors and new measures from both the United States and European Union take ...

Turkish exports to the United States up 20 percent

Friday, 18 May 2012 Enterprise

Turkish exports to the United States up 20 percent

Turkey's deputy prime minister said on Thursday that Turkish exports to the United States were up 20 percent in 2011. Ali Babacan said that Turkey's imports from the United States rose 30 percent in 2011. "2011 was a year, during which our foreign trade boomed," Babacan told a press conference in New York, the United States. Babacan sai...

President Gul to represent Turkey at NATO's 25th summit

Thursday, 17 May 2012 America

President Gul to represent Turkey at NATO's 25th summit

Turkish President Abdullah Gul will represent Turkey with a committee at North Atlantic Treaty Organization's (NATO) 25th summit meeting in Chicago. The summit, where heads of states and governments, cabinet ministers, other high-ranking government officials will be attending, is defined as NATO's broadest participation so far. Presiden...

Turkey to boost trade with East Africa - Follows China

Thursday, 17 May 2012 Africa

Turkey to boost trade with East Africa - Follows China

Turkey is now emulating China's push to boost trade with East Africa, on top of eroding the market share of Africa's traditional European and North American trading partners. The Turkish deputy Prime Minister Bulent Arinc his opening speech of the ongoing Turkey-Africa forum, in the Turkish Capital, Ankara; said that Africa holds a spec...

Turkey and EU to initiate "Positive Agenda" process

Thursday, 17 May 2012 Europe

Turkey and EU to initiate

Turkey's EU minister and EU's top enlargement official will get together in Ankara this Thursday to officially open the ''Positive Agenda'' process between Turkey and the union, in an effort to add momentum to stalled accession talks. Turkish EU Minister & Chief Negotiator for EU Talks Egemen Bagis and EU Commissioner for Enlargemen...

The U.S. believes Turkey to become one of ten giant world economies

Thursday, 17 May 2012 Finance

The U.S. believes Turkey to become one of ten giant world economies

The senior U.S. diplomat in Turkey expressed belief on Wednesday that Turkey would become one of the ten giant economies in the world. U.S. Ambassador to Turkey Francis Ricciardone said that Turkey had made great progress and made significant reforms to become the 17th biggest economy in the world. Turkey had an ambition to become one o...

Turkish Airlines to purchase 50 percent of Polish airlines LOT

Thursday, 17 May 2012 Transportation

Turkish Airlines to purchase 50 percent of Polish airlines LOT

Turkish Economy Minister Zafer Caglayan said that technical efforts were under way for Turkish Airlines (THY) to purchase 50 percent of Polish Airlines LOT. Following Turkish-Polish Business Forum in Warsaw, Caglayan told reporters that THY was the 4th biggest airway company of Europe, adding that THY would have nearly 200 planes by the...

Institute of International Finance(IIF) says Turkey has dynamic, vivid economy

Wednesday, 16 May 2012 Finance

Institute of International Finance(IIF) says Turkey has dynamic, vivid economy

The managing director of the Institute of International Finance (IIF) said on Monday that Turkey had a dynamic and vivid economy. Charles Dallara said Turkey had a fairly dynamic and vivid economy despite destructive effects of the economic crisis in Europe. Turkey's exports had a fairly positive performance, and Turkish economy had a f...

Turkish capital to host Middle East tourism exhibition, METEX

Wednesday, 16 May 2012 Tourism

Turkish capital to host Middle East tourism exhibition, METEX

Turkish capital of Ankara will host "Middle East Tourism Exhibition (METEX 2012)" between May 25 and 27. Tourism experts from several Islamic countries will attend the exhibition that will focus on innovative ideas, alternative tourism fields and new cooperation possibilities. METEX executive board deputy chairman Yalcin Avci said that ...

Reciprocity Law brings Arab investors to Turkey

Wednesday, 16 May 2012 Real Estate

Reciprocity Law brings Arab investors to Turkey

With the new Reciprocity Law, the issue of Arab investors requiring residence permission will also soon be solved. According to Minister of Environment and Urban Planning Bayraktar, the sector “will affect the obtaining of visas”. The government will soon be initiating a new regulation geared towards facilitating the stays of Arab inves...

Turkey's PM says to pay off IMF debt by April 2013

Wednesday, 16 May 2012 Finance

Turkey's PM says to pay off IMF debt by April 2013

Turkish Prime Minister Recep Tayyip Erdogan said on Tuesday that Turkey would pay off all its debt to the International Monetary Fund (IMF) by April 2013. Delivering a speech at his ruling Justice and Development (AK) Party's parliamentary group meeting, Erdogan said that Turkey attracted an international direct investment worth 22 bill...

Turkey EU bid boosted by vote defeats of opponents

Wednesday, 16 May 2012 Europe

Turkey EU bid boosted by vote defeats of opponents

Recent election defeats for opponents of Turkey's bid for EU membership offer a chance to unfreeze negotiations, German Foreign Minister Guido Westerwelle told an audience in Turkey on Tuesday. "After the latest elections we have the chance, but we also have the challenge, to overcome this frozen situation," Westerwelle told a forum hos...

Turkey medical tourism industry set for growth with the new initiatives

Tuesday, 15 May 2012 Health Care

Turkey medical tourism industry set for growth with the new initiatives

The medical tourism industry in Turkey is expected to grow blissfully at a CAGR of around 16% during 2012-2013, according to a new research report “Emerging Medical Tourism in Turkey”. The medical tourism industry holds huge potential and will be mainly driven by improving tourism & medical infrastructure, increasing availability of...

Major increase in sales of hotels in Turkey is expected

Tuesday, 15 May 2012 Real Estate

Major increase in sales of hotels in Turkey is expected

A Turkish property agency expects a “major gold-rush” of Middle East and GCC buyers after a recent government ruling opened up the market. As reported by OPP, the Turkish Parliament has accepted a draft law which will see an increase in the amount of land foreigners can purchase, as well as a change that allows more nationalities to buy...

Bosnia eager to draw more Turkish investments

Tuesday, 15 May 2012 Europe

Bosnia eager to draw more Turkish investments

The chairman of Bosnia and Herzegovina's Council of Ministers said on Monday that his country was eager to draw more Turkish investments. Vjekoslav Bevanda said that Bosnia and Herzegovina was working on a solar energy project and making significant investments, and investments should be taken under guarantee. "Turkey comes second in Eu...

Otokar signs 39.5 million deal with Defense Industries AS

Tuesday, 15 May 2012 Enterprise

Otokar signs 39.5 million deal with Defense Industries AS

Otokar, known as one of the Turkey's leading production centers for both armored and soft skinned 4X4 tactical wheeled vehicles, has signed a 39.5 million Turkish lira deal with Defense Industries AS on Monday. In a statement that published in the Public Disclosure Platform, Otokar received an order of 39.5 million liras (1 USD equal 1....

Turkish Central Bank policies are incredibly advantageous says Deutsche Bank

Tuesday, 15 May 2012 Finance

Turkish Central Bank policies are incredibly advantageous says Deutsche Bank

Deutsche Bank stated that the Turkish economy overcame the world financial and economic crisis powerfully in 2009 and grew 9 percent in 2010, and 8.5 percent in 2011. According to Deutsche Bank's report on "Brazil, Indonesia and Turkey Experiences", Turkish Central Bank's flexible policies on daily basis could be considered 'unique adva...

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Let Turkey progress toward EU membership

Let Turkey progress toward EU membership

François Hollande should add an item to his daunting list of priorities: End France’s block on Turkey’s talks to join the European Union, and do it soon. That may seem eccentric in light of everything Hollande already faces, what with the euro area’s economic meltdown. But...

31st Turkish Day March and Festival celebrates in New York

31st Turkish Day March and Festival celebrates in New York

On May 19th, the streets of New York will be strewn in red and white for the Turkish American Association Federation’s 31st Turkish Day March and Festival. Chairman of the Turkish American Association Foundation (TADF) President Ali Çınar has announced that preparations fo...

Istanbul to host World Forum on energy regulation

Istanbul to host World Forum on energy regulation

Istanbul will host World Forum on Energy Regulation in 2015. The forum is the most comprehensive conference of the world on energy regulation. Turkey's Energy Market Regulation Board (EPDK) was selected as the chair of the 6th World Forum on Energy Regulation. EPDK was sel...

Gold sales between Turkey and Iran reaches a new level

Gold sales between Turkey and Iran reaches a new level

Turkish gold sales to Iran in March soared over 30 times and gold companies said Iranians were turning to gold for savings and possibly trade as Western sanctions tighten. Sanctions to force Iran to curb its nuclear program have targeted its energy and banking sectors and ...

Turkish exports to the United States up 20 percent

Turkish exports to the United States up 20 percent

Turkey's deputy prime minister said on Thursday that Turkish exports to the United States were up 20 percent in 2011. Ali Babacan said that Turkey's imports from the United States rose 30 percent in 2011. "2011 was a year, during which our foreign trade boomed," Babacan to...

President Gul to represent Turkey at NATO's 25th summit

President Gul to represent Turkey at NATO's 25th summit

Turkish President Abdullah Gul will represent Turkey with a committee at North Atlantic Treaty Organization's (NATO) 25th summit meeting in Chicago. The summit, where heads of states and governments, cabinet ministers, other high-ranking government officials will be attend...

Turkey to boost trade with East Africa - Follows China

Turkey to boost trade with East Africa - Follows China

Turkey is now emulating China's push to boost trade with East Africa, on top of eroding the market share of Africa's traditional European and North American trading partners. The Turkish deputy Prime Minister Bulent Arinc his opening speech of the ongoing Turkey-Africa for...

Turkey and EU to initiate "Positive Agenda" process

Turkey and EU to initiate

Turkey's EU minister and EU's top enlargement official will get together in Ankara this Thursday to officially open the ''Positive Agenda'' process between Turkey and the union, in an effort to add momentum to stalled accession talks. Turkish EU Minister & Chief Negoti...

The U.S. believes Turkey to become one of ten giant world economies

The U.S. believes Turkey to become one of ten giant world economies

The senior U.S. diplomat in Turkey expressed belief on Wednesday that Turkey would become one of the ten giant economies in the world. U.S. Ambassador to Turkey Francis Ricciardone said that Turkey had made great progress and made significant reforms to become the 17th big...

Turkish Airlines to purchase 50 percent of Polish airlines LOT

Turkish Airlines to purchase 50 percent of Polish airlines LOT

Turkish Economy Minister Zafer Caglayan said that technical efforts were under way for Turkish Airlines (THY) to purchase 50 percent of Polish Airlines LOT. Following Turkish-Polish Business Forum in Warsaw, Caglayan told reporters that THY was the 4th biggest airway compa...

Institute of International Finance(IIF) says Turkey has dynamic, vivid economy

Institute of International Finance(IIF) says Turkey has dynamic, vivid economy

The managing director of the Institute of International Finance (IIF) said on Monday that Turkey had a dynamic and vivid economy. Charles Dallara said Turkey had a fairly dynamic and vivid economy despite destructive effects of the economic crisis in Europe. Turkey's expor...

Turkish capital to host Middle East tourism exhibition, METEX

Turkish capital to host Middle East tourism exhibition, METEX

Turkish capital of Ankara will host "Middle East Tourism Exhibition (METEX 2012)" between May 25 and 27. Tourism experts from several Islamic countries will attend the exhibition that will focus on innovative ideas, alternative tourism fields and new cooperation possibilit...

Reciprocity Law brings Arab investors to Turkey

Reciprocity Law brings Arab investors to Turkey

With the new Reciprocity Law, the issue of Arab investors requiring residence permission will also soon be solved. According to Minister of Environment and Urban Planning Bayraktar, the sector “will affect the obtaining of visas”. The government will soon be initiating a n...

Turkey's PM says to pay off IMF debt by April 2013

Turkey's PM says to pay off IMF debt by April 2013

Turkish Prime Minister Recep Tayyip Erdogan said on Tuesday that Turkey would pay off all its debt to the International Monetary Fund (IMF) by April 2013. Delivering a speech at his ruling Justice and Development (AK) Party's parliamentary group meeting, Erdogan said that ...

Turkey EU bid boosted by vote defeats of opponents

Turkey EU bid boosted by vote defeats of opponents

Recent election defeats for opponents of Turkey's bid for EU membership offer a chance to unfreeze negotiations, German Foreign Minister Guido Westerwelle told an audience in Turkey on Tuesday. "After the latest elections we have the chance, but we also have the challenge,...

Turkey medical tourism industry set for growth with the new initiatives

Turkey medical tourism industry set for growth with the new initiatives

The medical tourism industry in Turkey is expected to grow blissfully at a CAGR of around 16% during 2012-2013, according to a new research report “Emerging Medical Tourism in Turkey”. The medical tourism industry holds huge potential and will be mainly driven by improving...

Major increase in sales of hotels in Turkey is expected

Major increase in sales of hotels in Turkey is expected

A Turkish property agency expects a “major gold-rush” of Middle East and GCC buyers after a recent government ruling opened up the market. As reported by OPP, the Turkish Parliament has accepted a draft law which will see an increase in the amount of land foreigners can pu...

Bosnia eager to draw more Turkish investments

Bosnia eager to draw more Turkish investments

The chairman of Bosnia and Herzegovina's Council of Ministers said on Monday that his country was eager to draw more Turkish investments. Vjekoslav Bevanda said that Bosnia and Herzegovina was working on a solar energy project and making significant investments, and invest...

Otokar signs 39.5 million deal with Defense Industries AS

Otokar signs 39.5 million deal with Defense Industries AS

Otokar, known as one of the Turkey's leading production centers for both armored and soft skinned 4X4 tactical wheeled vehicles, has signed a 39.5 million Turkish lira deal with Defense Industries AS on Monday. In a statement that published in the Public Disclosure Platfor...

Turkish Central Bank policies are incredibly advantageous says Deutsche Bank

Turkish Central Bank policies are incredibly advantageous says Deutsche Bank

Deutsche Bank stated that the Turkish economy overcame the world financial and economic crisis powerfully in 2009 and grew 9 percent in 2010, and 8.5 percent in 2011. According to Deutsche Bank's report on "Brazil, Indonesia and Turkey Experiences", Turkish Central Bank's ...

AK Party term in Turkey influenced Arab spring

AK Party term in Turkey influenced Arab spring

Turkish Deputy Prime Minister Besir Atalay on Saturday said that the countries that went through the Arab Spring considered Turkey's experiences as crucial. Speaking at a panel discussion titled "Arab Spring, Eastern Mediterranean and Cyprus Problem" at the Near East Unive...

CEO of Vodafone Group, "Vodafone Turkey fastest growing operation"

CEO of Vodafone Group,

Colao said that 'Vodafone Turkey' is one of the fastest growing projects so far and underlined it's success and named it as 'Turkish Recipe' Vittorio Colao, the CEO of Vodafone Group said that 'Vodafone Turkey' is one of the fastest growing projects so far and underlined i...

EU has described Turkey's performance: "Impressive success story"

EU has described Turkey's performance:

The European Union (EU) has described Turkey's performance in reducing public debt stock in the past decade as an "impressive success story". The European Commission released a spring economic forecast report, noting that Turkey's GDP growth rate was forecast to ease to 3....

Qatar calls on Turkish contractors to make investments

Qatar calls on Turkish contractors to make investments

Deputy Prime Minister of Qatar Abdallah bin Hamad Al-Attiyah on Sunday made a call on Turkish contractors to make investments in his country. Attending the Expo 2012 Yeosu International Exhibition in South Korea, al-Attiyah paid a visit to the Turkish stand. Al-Attiyah sai...

Turkey to connect Black Sea with Mediterranean Sea by building new highways

Turkey to connect Black Sea with Mediterranean Sea by building new highways

Turkey's Minister of Transportation, Maritime Affairs, and Communications, Binali Yildirim on Sunday said that they would connect the Black Sea with the Mediterranean Sea by building new highways in the next five years. Speaking at a groundbreaking ceremony for the Ovit tu...

Turkey receives direct investments worth 2.8 billion USD

Turkey receives direct investments worth 2.8 billion USD

Turkey received international direct investments worth 2.8 billion USD in March. In a written statement released on Saturday, Turkey's Economy Minister Zafer Caglayan said that international direct investments in Turkey in the first quarter of 2012 were up 8.2 percent when...

IMF chief praises Turkey's role in fund

IMF chief praises Turkey's role in fund

IMF Managing Director Christine Lagarde has praised Turkey's role in the fund as well as in the Group of Twenty. "I would like to emphasize that the IMF very much values the constructive and successful relationship between the Fund and Turkey, and we appreciate the importa...

Turkish government urges residents on 2B land to cooperate

Turkish government urges residents on 2B land to cooperate

2B land – which was formerly classified as forest -- includes 4.1 million acres across Turkey, areas where construction and agricultural activity are banned by the state. However, there are public buildings, farms, meadows, cemeteries and housing on most of this land, sinc...

Turkish minister asks Toyota to produce new model

Turkish minister asks Toyota to produce new model

Turkey's Minister of Science, Industry and Technology Nihat Ergun on Saturday requested from the President of Toyota Corporation Fuijo Cho to produce a new model with the name "Sakaria" at their factory in Sakarya, Turkey. On the third day of his visit to Japan, Ergun met ...

Turkey's current account deficit down in Q1, 2012

Turkey's current account deficit down in Q1, 2012

Turkish Economy Minister Zafer Caglayan has said that Turkey's current account deficit dropped 25 percent in the first quarter of 2012. It dropped from 21.6 billion USD to 16.2 billion USD, added Caglayan who made a written statement on Friday. Caglayan said that balance o...

Turkey is ‘in spot’ for luxurious hotels

Turkey is ‘in spot’ for luxurious hotels

Turkey has become the new address for luxurious hotel chains. After Jumeirah, Missoni, Rotana and Viceroy, now German food giants Dr. Oetker is planning to open their first hotel in Turkey. Just as Turkey was becoming the 'in spot' when it comes to luxury goods, such as cl...

Manufacturing a 100% Turkish plane

Manufacturing a 100% Turkish plane

Aiming to be the sole ‘aerospace university’, Turkey’s Aviation Board University is also planning to manufacture the first ever domestic airplane by 2014. In collaboration with 82 different firms, the university also plans to train Turkey’s first astronauts. The Turkish Av...

Japanese Toshiba interested in nuclear power plant in Turkey

Japanese Toshiba interested in nuclear power plant in Turkey

Japanese Toshiba company was interested in investing in nuclear power plant which would be built in Turkey's northern Sinop city. Turkish Science, Industry & Technology Minister Nihat Ergun, who is currently paying a visit to Japan, said that Toshiba also wanted a Turk...

Saudi businessman to invest $2 billion in Turkey

Saudi businessman to invest $2 billion in Turkey

Saudi businessman Mohammed Shaman al-Mugherah is set to invest 2 billion US dollars in northwestern of Bursa, in Turkey. According to a released statement on Thursday, Saudi businessman al-Mugherah applied for a land allocation to the Governorship of Bursa. Al-Mugherah req...

Turkey may sign various agreements with IMF

Turkey may sign various agreements with IMF

Turkey's economy minister Zafer Caglayan said on Thursday that Turkey would not only sign monetary agreements with the IMF in coming days, but it could sign various agreements with the fund. "I would like to say that IMF Managing Director Christine Lagarde has told me that...

IMF Chief Lagarde: Turkey is an example of strong economic policy

IMF Chief Lagarde: Turkey is an example of strong economic policy

IMF Chief Lagarde states that the debate surrounding belt-tightening and growth in Europe is baseless. According to Lagarde, financial discipline and growth are possible at the same time and suggests a system which has been in place in Turkey since 2001. International Mone...

Turkish petrochemical firm's privatization approved

Turkish petrochemical firm's privatization approved

Turkey's Supreme Board of Privatization (OYK) approved on Wednesday the privatization of 10.32 percent of the Petrochemical Holding Corp. (Petkim) to Socar Turkey Enerji Corporation and Socar International DMCC OGG. Socar Turkey Enerji Corporation and Socar International D...

Target for tourism at 50 billion dollars

Target for tourism at 50 billion dollars

Deputy Minister of Culture and Tourism Dr. Abdurrahman Arıcı says Turkey’s tourism target for 2023 is to reach 50 million tourists and over 50 million dollars in economic revenue. Attending an event for tourism hosted by the Kızkalesi Tourism Association and held at the Ba...

Gül’s message for Europe Day: We can save Europe

Gül’s message for Europe Day: We can save Europe

In messages delivered for ‘Europe Day’, Gül said, “Turkey could save Europe”. Meanwhile Erdoğan emphasizes his intent to join the EU. In his message to commemorate Europe Day, President Abdullah Gül stated: "Europe Day provides a significant occasion in which to be reminde...

Turkey ups Iran oil imports to 270,000bpd in March

Turkey ups Iran oil imports to 270,000bpd in March

Turkey imported 1.174 million tons, about 270,000 barrels per day, of Iranian crude oil in March, according to official trade data on the Turkish Statistical Institute web site, obtained by Reuters following a request. A Turkish industry official said April imports fell ba...

Italy confirms its support to Turkey's EU bid

Italy confirms its support to Turkey's EU bid

A joint declaration issued at the end of the Italy-Turkey Intergovernmental Summit confirmed Italy's support to Turkey's EU bid. The first intergovernmental summit was held in western province of Izmir on November 12, 2008 and the second one took place in Italian capital o...

Turkey projects to have a positive growth as of Q2

Turkey projects to have a positive growth as of Q2

The head of Turkish Central Bank forecast a positive growth as of the second quarter of 2012. Erdem Basci said there could be a horizontal or a slight negative Gross Domestic Product (GDP) outlook in the first quarter of 2012 when compared with the last quarter of 2011. "W...

Turkey expects new French government to take steps for economic stability

Turkey expects new French government to take steps for economic stability

Turkey's deputy prime minister said on Wednesday that he expected the new French government to take steps for economic stability. Ali Babacan said there could be economic risks in France if right steps were not taken. "We expect the new government to take economic steps fo...

The revenue from bridge and highway tolls is 255 million lira in 2012

The revenue from bridge and highway tolls is 255 million lira in 2012

Turkey earned 255.5 million Turkish lira by collecting tolls from bridges and highways in the first four months of 2012. According to figures of Directorate General of Highways, a total of 111.6 million vehicles used bridges and highways in the first four months of 2012 wh...

Turkey Italy trade volume reaches 21.3 billion USD

Turkey Italy trade volume reaches 21.3 billion USD

Turkish Prime Minister Recep Tayyip Erdogan said that the trade volume between Turkey and Italy had reached 21.3 billion USD. Holding a joint press conference with Italian Prime Minister Mario Monti within the scope of Turkey-Italy Summit in Rome, Erdogan said that first s...

Gulf's hotel chain to invest in Turkey

Gulf's hotel chain to invest in Turkey

One of the luxurious hotel chains of the Middle East and the Gulf region has decided to invest in Turkey. Rotana Hotels' CEO Selim El Zyr said on Monday Rotana picked the Turkish southern town of Iskenderun to construct a hotel. "We have decided to invest in Iskenderun wit...

Turkey-US Economic Partnership Commission meeting to be held

Turkey-US Economic Partnership Commission meeting to be held

The 8th meeting of the Turkey-US Economic Partnership Commission, which has been convened regularly since 2002, will take place in Ankara on Tuesday, a statement by the Turkish Foreign Ministry said on Monday. The statement said the meeting would be held under the co-chair...

Turkish exports to Russia, Jordan, Syria, Libya, Albania increased

Turkish exports to Russia, Jordan, Syria, Libya, Albania increased

Turkish exports to Russia, Jordan, Syria, Libya and Albania were up after visa procedures were lifted with those countries. According to figures of Turkey's statistics authority, TurkStat, Turkish exports to Russia, Jordan, Syria, Libya and Albania rose in the last three y...

Kosovo waits for Turkish investors

Kosovo waits for Turkish investors

Europe's youngest country Kosovo is waiting for the investments of Turkish businessmen for its economic development, says Kosovo's Minister of Public Administration Mahir Yagcilar. Kosovo's Minister of Public Administration Mahir Yagcilar said that their cooperation with t...

Turkey's defense industry exports over 1 billion USD

Turkey's defense industry exports over 1 billion USD

According to figures of the Defense Industry Undersecretariat (SSM), Turkey earned 1.090 billion USD from armored vehicles, air defense systems, rocket systems, simulators, vessels and software exports. Defense products constituted 817 million USD of this amount and the re...

Business and Economy

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Finance

Image - Gold sales between Turkey and Iran reaches a new level

Gold sales between Turkey and Iran reaches a new level

Turkish gold sales to Iran in March soared over 30 times and gold companies said Irani

Friday, 18 May 2012

Stock Markets

Image - Istanbul Stock Exchange to expose speculative traders

Istanbul Stock Exchange to expose speculative traders

The İstanbul Stock Exchange (İMKB) has added new regulations to its Code of Conduct, e

Wednesday, 29 February 2012

Enterprise

Image - Turkish exports to the United States up 20 percent

Turkish exports to the United States up 20 percent

Turkey's deputy prime minister said on Thursday that Turkish exports to the United Sta

Friday, 18 May 2012

Sectors

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Automotive

Image - Turkish minister asks Toyota to produce new model

Turkish minister asks Toyota to produce new model

Turkey's Minister of Science, Industry and Technology Nihat Ergun on Saturday requeste

Saturday, 12 May 2012

Energy

Image - Turkey to exclude Greek Cyprus-linked firms from energy projects

Turkey to exclude Greek Cyprus-linked firms from energy projects

Turkey said on Friday that companies bidding to develop Greek Cyprus' offshore gas fie

Saturday, 19 May 2012

Real Estate

Image - Turkish president approves law on sale of real estate to foreigners

Turkish president approves law on sale of real estate to foreigners

Turkish President Abdullah Gul approved on Thursday a law which envisages sale of real

Saturday, 19 May 2012

Regional News

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Middle East

Image - AK Party term in Turkey influenced Arab spring

AK Party term in Turkey influenced Arab spring

Turkish Deputy Prime Minister Besir Atalay on Saturday said that the countries that we

Monday, 14 May 2012

Europe

Image - Expats to start casting votes for elections in Turkey in 2014

Expats to start casting votes for elections in Turkey in 2014

Turkish deputy prime minister said late on Friday that Turkish citizens living abroad

Saturday, 19 May 2012

Asia

Image - Azerbaijani-Turkish cooperation to be model to Turkic world

Azerbaijani-Turkish cooperation to be model to Turkic world

Azerbaijan's president said on Friday that strong cooperation between Azerbaijan and T

Saturday, 28 April 2012

Investment and Development

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Money

Image - Turkey receives direct investments worth 2.8 billion USD

Turkey receives direct investments worth 2.8 billion USD

Turkey received international direct investments worth 2.8 billion USD in March. In a

Saturday, 12 May 2012

Expert Advice

Image - Global Trends 2030 report says Turkey to be one of the influential countries

Global Trends 2030 report says Turkey to be one of the influential countries

EU Global Trends Report said "Turkey will take an influential role in the globalizing

Thursday, 3 May 2012

Personal Finance

Image - Dollar was the best investment tool in September

Dollar was the best investment tool in September

According to the data provided by Turkish Statistical Institute, American Dollar has b

Monday, 21 November 2011

Technology and Science

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Internet

Image - Yandex Aims For 20% of Turkey’s Traffic

Yandex Aims For 20% of Turkey’s Traffic

Yandex, Russia’s largest search engine, is aiming for at least 20% of Turkey’s search

Wednesday, 2 May 2012

High Tech

Image - Manufacturing a 100% Turkish plane

Manufacturing a 100% Turkish plane

Aiming to be the sole ‘aerospace university’, Turkey’s Aviation Board University is al

Friday, 11 May 2012

Innovation

Image - Turkey to manufacture small local planes

Turkey to manufacture small local planes

Turkish Aeronautical Association (THK) said on Friday that it was planning to manufact

Saturday, 28 April 2012

Lifestyle

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Culture & Art

Image - Turkey secures 72-strong team for London olympic games

Turkey secures 72-strong team for London olympic games

At least 72 Turkish athletes have qualified so far to compete in the 2012 Summer Olymp

Monday, 7 May 2012

Places of Interest

Image - Uzungol - The long lake of Trabzon, unrestrained green of the nature

Uzungol - The long lake of Trabzon, unrestrained green of the nature

If you survey a city from a hilltop, you see that nature’s domain, with its green cove

Sunday, 5 February 2012

Shopping

Image - Turkey to become a center of luxury

Turkey to become a center of luxury

According to Turkish Exporters Agency Chairman Mehmet Büyükekşi, Turkey’s fur and jewe

Tuesday, 1 May 2012

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Turkey Slideshows 

Ancient Ephesus Antalya Balloon Flying Over Cappadocia
Blue Mosque Bodrum Cappadocia
Bosphorus Bridge Hagia Sophia Spice Bazaar
http://www.portturkey.com/components/com_gk3_photoslide/thumbs_big/449671Ancient_Ephesus.jpg

Ancient Ephesus

Ephesus was an ancient Greek city, and later a major Roman city, on the west coast of Asia Minor, near present-day Selçuk, Izmir Province, Turkey.

http://www.portturkey.com/components/com_gk3_photoslide/thumbs_big/966355Antalya_Turkey.jpg

Antalya

Antalya is a city on the Mediterranean coast of southwestern Turkey. With a population 1,001,318 as of 2010.[1] It is the eighth most populous city in Turkey and country's biggest international sea resort.

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Balloon Flying Over Cappadocia

Cappadocia is a historical region in Central Anatolia, largely in Nevşehir Province.

http://www.portturkey.com/components/com_gk3_photoslide/thumbs_big/693583blue_mosque.jpg

Blue Mosque

The Sultan Ahmed Mosque also known as Blue Mosque is a historical mosque in Istanbul, the largest city in Turkey and the capital of the Ottoman Empire (from 1453 to 1923).

http://www.portturkey.com/components/com_gk3_photoslide/thumbs_big/611724bodrum.jpg

Bodrum

Bodrum is a port city in Muğla Province, in the southwestern Aegean Region of Turkey. It is located on the southern coast of Bodrum Peninsula, at a point that checks the entry into the Gulf of Gökova. The site was called Halicarnassus of Caria in ancient times and was famous for housing the Mausoleum of Mausolus, one of the Seven Wonders of the Ancient World.

http://www.portturkey.com/components/com_gk3_photoslide/thumbs_big/919188Cappadocia.jpg

Cappadocia

Cappadocia is a historical region in Central Anatolia, largely in Nevşehir Province.

http://www.portturkey.com/components/com_gk3_photoslide/thumbs_big/942710car_hire_istanbul_turkey.jpg

Bosphorus Bridge

The Bosphorus Bridge, also called the First Bosphorus Bridge (Turkish: Boğaziçi Köprüsü or 1. Boğaziçi Köprüsü) is one of the two bridges in Istanbul, Turkey, spanning the Bosphorus strait (Turkish: Boğaziçi) and thus connecting Europe and Asia.

http://www.portturkey.com/components/com_gk3_photoslide/thumbs_big/215757istanbul_2.jpg

Hagia Sophia

Hagia Sophia is a former Orthodox patriarchal basilica, later a mosque, and now a museum in Istanbul, Turkey. From the date of its dedication in 360 until 1453, it served as the Greek Patriarchal cathedral of Constantinople, except between 1204 and 1261, when it was converted to a Roman Catholic cathedral under the Latin Patriarch of Constantinople of the Western Crusader established Latin Empire. The building was a mosque from 29 May 1453 until 1931, when it was secularized. It was opened as a museum on 1 February 1935.

http://www.portturkey.com/components/com_gk3_photoslide/thumbs_big/844843Istanbul_112.JPG

Spice Bazaar

The Spice Bazaar, (Turkish: 'Mısır Çarşısı', or Egyptian Bazaar) in Istanbul, Turkey is one of the oldest bazaars in the city. Located in Fatih, in the neighborhood of Eminönü, it is the second largest covered shopping complex after the Grand Bazaar.

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