Turkey's Economic Fortunes Brighten: Fitch Ratings has upgraded Turkey on Tighter Monetary Policies In a significant turn of events, Fitch Ratings has upgraded Turkey long-term foreign currency issuer default rating from "B" to "B+." This upward revision comes as a result of the country's proactive stance on monetary policy, aimed at reining in inflationary pressures. Fitch's decision underscores the...
Post-Pandemic Property Trends in Turkey: A Shift Towards Space, Comfort, and Investment The COVID-19 pandemic fundamentally altered the way we live, work, and interact with the world. This impact extended far beyond public health, significantly influencing the global property market, including Turkey's dynamic landscape. Let's delve into the post-pandemic property trends in Turkey, exploring how buyer...
Turkey Attracts Over $10 Billion in Foreign Investment Despite Global Slowdown Exciting news for Turkey! The Central Bank of the Republic of Türkiye (CBRT) has announced a significant increase in foreign direct investment (FDI) in 2023, Turkey Attracts Over $10 Billion in Foreign Investment. This is a positive indication for the Turkish economy, particularly given the current global climate of decreasing...
Information and support groups for Expats living in Turkey Are you an expatriate living in Turkey and looking for information or support groups? Whether you need news portals, helplines, expat blogs or Facebook communities, there are numerous resources available to cater to your diverse needs related to life in Turkey or the Anatolian region. Turkey is a popular destination for people from all over the...
OBTAINING A DRIVER'S LICENCE IN TURKEY FOR FOREIGNERS Are you a visitor exploring the captivating landscapes of Turkey from behind the wheel? Before embarking on your Turkish road trip, let's delve into crucial details regarding driver's licence in Turkey for non-residents. As a foreigner, you are allowed to drive with your foreign licence in Turkey for six months. However, it's essential to be aware...
New Price Display Regulations Bring Changes to Dining Across Turkey As of January 1, 2024, New Price Display Regulations have come into effect across Turkey, requiring restaurants, cafes, and bakeries to prominently display price lists at their entrances and tables. Initiated by the Trade Ministry in response to mounting complaints about undisclosed charges on bills, this regulation aims to safeguard...
Istanbul Airport was Awarded 'World’s Best Airport' in 2023 In a spectacular triumph, Istanbul Airport clinched five prestigious awards in the 2023 Global Traveler Tested Reader’s Survey Awards by Global Traveler, earning the title of 'World’s Best Airport.' This impressive haul includes the coveted titles of "World’s Best Airport" and "Europe's Best Airport," solidifying its position as a global...
Exploring the Skies: Turkey’s First Space Traveler's Mission Faces a Weather-Induced Delay In a compelling turn of events in the realm of space exploration, Turkey’s first space traveler's mission, initially scheduled for an earlier date, has encountered a postponement, now slated for January 17. This rescheduling stems from adverse weather conditions, a familiar challenge in space missions where...
Mega Projects for Antalya and Ankara Transportation and Infrastructure Minister Abdulkadir Uraloğlu announced that the tenders for the two Mega Projects for Antalya and Ankara (Ankara-Kırıkkale-Delice Highway and the Antalya-Alanya Highway) have been conducted under the Build-Operate-Transfer Model. In his statement, Minister Uraloğlu stated, "We have completed the tenders for the...
Turkey's UNESCO World Heritage Sites Turkey, a country that straddles the crossroads of Europe and Asia, is a treasure trove of cultural, historical, and natural wonders. Its diverse landscapes and millennia-old history have resulted in a myriad of Turkey's UNESCO World Heritage Sites that captivate travelers from around the globe. As of 2023, there are twenty-one World Heritage Sites in Turkey, including...
