Turkey News

Tourism industry in Turkey has great expectations for 2022

Tourism industry in Turkey has great expectations for 2022

The expectation Turkey has put on their tourism sector for this year is very high. It should come to fruition though, as they have already received a huge number of reservations with many coming from the United Kingdom, which is an extremely important market for Turkey and its Mediterranean coast. The head of TUROFED (The Turkish Hoteliers Federation), Tacettin Ozden said that even though the country...

July – September sees Turkish tourism revenue up by 182%

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

Is Bill Gates investing in Bodrum ?

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 citizenship by investment scheme tightens up

Turkish citizenship by investment scheme tightens up

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, and Europe is the leading importer

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...

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