Turkey's Removal from the Grey List expected to boost foreign investments Turkey's removal from the grey list by the Financial Action Task Force (FATF) is anticipated to draw in more foreign investments into the country. On June 28, FATF declared that Turkey has been removed from the "grey list" of nations requiring special scrutiny. FATF recognized Turkey's efforts to enhance its anti-money laundering...
Preparing Rental Contracts in 2024 - Pay attention to this detail! As discussions between landlords and tenants continue, many people are researching what to consider when preparing rental contracts in 2024. So, how do you prepare a rental contract for 2024? Here are the things to pay attention to... Over the past two years, discussions between property owners and tenants have escalated significantly....
UAE Investments in Turkey's Economic Sectors Suhail Al Mazrouei, the Emirati Minister of Energy and Infrastructure, stated that the UAE is planning significant investments in various sectors in Turkey. At the St. Petersburg International Economic Forum, Al Mazrouei revealed the Gulf state’s interest in exploring energy, agriculture, transportation, tourism, and more opportunities. This information about...
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...
A Comprehensive Guide to Buying Under-Construction Property in Turkey When a property is under construction, it signifies that the building process is actively ongoing. This can encompass a range of projects, from residential apartments to commercial spaces. These properties are not yet ready for occupancy but are being built and developed. This is a Comprehensive Guide to Buying Under-Construction...
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...
A First-Time Buyer's Guide to the Alanya Property Market Alanya, a beautiful city on Turkey's southern coast, is known for its turquoise waters of the Mediterranean, captivating historical sites, and vibrant cultural scene. However, navigating the property market in a new country can be overwhelming for first-time buyers. But no need to worry, our comprehensive first-time buyer's guide to the Alanya...
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...
Turkey Ranks 3rd among Russians' Housing Preferences! Russia's interest in Turkish properties has become more prominent in the global real estate market. According to official data from Yandex Nedvijimost, Turkey Ranks 3rd among Russians as the preferred location for housing. This finding is part of a larger study that examines the countries where Russian nationals are actively searching for...
