Turkish Economy

Türkiye's Strategic Investment Incentives to boost sectoral and regional development Türkiye has recently unveiled a comprehensive investment incentive system designed to stimulate sectoral and regional development. Türkiye's Strategic Investment Incentives focuses on strategic, technological, and regional growth, aiming to boost production, employment, and reduce economic disparities across the...

Türkiye Tourism Sector Growth Forecast: Set to Break Records in 2025 Türkiye’s Travel & Tourism industry is poised for a record-breaking year in 2025, with a projected contribution of ₺5.2 trillion to the national economy. This remarkable growth not only cements Türkiye's global standing as a premier travel destination but also highlights its economic resilience, vibrant domestic...

Global Trade Turmoil Creates New Investment Opportunities Global economic trends rarely shift overnight, but when they do, opportunities emerge for those ready to seize them. Recent global tariff realignments, spurred largely by U.S. protectionist policies and rising trade tensions, have redrawn the map of global trade routes and investment destinations. Amid this upheaval, one country stands out:...

When will the April 2025 Rental Increase Rate Be Announced? As of April 1, 2025, both landlords and tenants in Turkey are keenly awaiting the announcement of the April 2025 rental increase rate. The April 2025 rental increase rate, determined by the Turkish Statistical Institute (TÜİK), is based on the 12-month average of the Consumer Price Index (CPI) and serves as the maximum allowable rent hike...

Exploring Turkey’s Ambitious Reform Agenda for 2025-2027: Shaping the Future Economy, Investment Climate, and Global Standing As Turkey embarks on Turkey’s Ambitious Reform Agenda for 2025-2027, the country is positioning itself to become a more resilient, innovative, and sustainable economy. This multi-faceted reform plan targets economic modernization, social progress, and environmental...

Turkey’s Foreign Direct Investment Surges to $11.3 Billion in 2024, Defying Global Decline Turkey has once again solidified its position as a prime destination for foreign direct investment (FDI) in 2024, attracting an impressive USD 11.3 billion in inflows. According to the Central Bank of the Republic of Turkey (CBRT), this represents a 5.6% year-on-year increase, defying global economic...

Turkey's 2025 Rental Income Tax, Regulations and Deadlines As of March 1, 2025, Turkey has commenced its annual tax return period for property owners earning rental income. This period extends until April 2, 2025, adjusted to accommodate public holidays on March 31 and April 1. Understanding the intricacies of Turkey's 2025 Rental Income Tax is crucial for property owners to ensure compliance and avoid...

Turkish Property Sales Rise in 2024 as Interest Rates Drop The Turkish real estate market experienced a significant rebound, as Turkish property sales rise in 2024 due to favorable interest rate cuts and rising market demand. Residential property sales rose by 20%, driven by lower borrowing costs and increasing investor confidence. With further interest rate reductions anticipated in 2025, Turkey’s...

Turkey Lowers Interest Rates by 250 Basis Points Turkey’s central bank has announced a significant 250 basis-point reduction in its benchmark interest rate, bringing it down to 45%. This decision by Turkey lowers interest rates is part of a broader monetary easing policy initiated in late 2024, aligns with expectations from economists who have been monitoring the country’s evolving inflation and...

A Guide to Understanding Living Costs in Alanya Alanya, a picturesque city on Turkey's southern coast, has become a sought-after destination for expatriates and investors. Its appealing real estate market, reasonable living costs, and streamlined residence permit procedures make it an attractive choice for many. In this Blog, we will assist you in Understanding Living Costs in Alanya. Understanding...