The Turkish Statistical Institute (TurkStat) recently announced that in the third quarter of this year, tourism income in Turkey has risen by a massive 181.8% following a significant decrease in 2021 due to the COVID-19 pandemic. Income from tourism The country has earned approximately $11.4 billion in the three months from July – September, which is up from $4 billion last year when all...
Is Bill Gates investing in Bodrum ? Billionaire Bill Gates has spent an unusual amount of time in Turkey this year. On 107 metre luxury yacht Lana, Gates began his tour in Bodrum, before cruising Kusadasi, Didim, Gokova, Datca, Fethiye and Marmaris, before returning to the peninsula. His interest in the area has prompted speculation. Although it is clear Gates enjoyed himself, dropping $10,000...
Turkish warehouse sector targets $6B in exports Turkish warehouse sector, which closed last year with total exports of $4.5 billion under pandemic conditions, is targeted to reach the $5.5 billion to $6 billion level this year, said the chairman of the largest sector association. Recalling that the sector's exports amounted to $3 billion during the first half of this year, Mesut Oksuz, head of the...
Turkish citizenship by investment scheme tightens up Driven by a falling currency and the prospect of Turkish citizenship, sales of homes to foreigners reached record numbers this year. However, a new government rule aimed at tackling an "unethical" practice has stymied investors' bids for citizenship. Real estate agencies told Reuters that before the rule change, some cheaper Turkish homes were being...
Car exports in Turkey grow by 24 percent Official figures revealed the growth of car exports in Turkey by 24 percent, achieving revenues of 21 billion 248 million and 339 thousand dollars, during the first 9 months of this year 2021. According to the data of the Turkish Exporters Council and the Uludag Automobile Exporters Union in Turkey, the country's exports of cars reached more than 190 countries...
