Turkish Economy Grows: Impressive Economic Performance in Early 2024 In the first quarter of 2024, the Turkish economy grows impressively, with a significant GDP growth rate of 5.7%. This strong performance, reported by TurkStat and published by The Investment Office, places Türkiye among the fastest-growing economies globally, surpassing many other emerging markets. Government Policies Drive...
Türkiye-Germany Investment Conference Highlights Türkiye's Competitive Edges Showcasing Türkiye's Investment Landscape The Investment Office hosted the Türkiye-Germany Investment Conference themed "Türkiye as an Investment Destination" at the Turkish Embassy in Berlin. The event brought together business leaders and public officials from both Türkiye and Germany, providing a valuable platform to...
Expanding Tourism Year-Round: The "Century of Tourism" Project The Association of Turkish Travel Agencies (TÜRSAB), in collaboration with the Ministry of Culture and Tourism, has launched an ambitious initiative called the "Century of Tourism" project. This initiative aims to transform Turkey’s tourism landscape by promoting year-round tourism and attracting high-income visitors to the country. The...
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...
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