News
Turkey will focus on overseas promotion in its new promotional campaign aiming to highlight the country's tourism potential at the international level and to diversify the tourism facilities. A budget of $140 million is allocated for the promotional activities.
Turkey had a fruitful tourism season in 2007, attracting just over 23,000 international tourists and attaining an 18 percent increasein the number of tourists from 2006. Turkey ranked among the top 10 countries in the world in terms of tourism potential, but the ministry wants to be in the top five, according to Tourism and Culture Minister Ertuðrul Günay.
“For this purpose we launched a promotional campaign this month. We want to attract tourists with higher incomes,” he said.
July 2008
Turkey stands out with its tasty real estate market
When it comes to buying a holiday home or investment property in the Mediterranean, most people tend to think of Spain or Italy. But Turkey, with its stunning scenery and wealth of antiquities, is fast emerging as a new property hot spot. Straddling Europe and Asia, Turkeyis blessed with some of the best coastline in Europe, especially in the country's southwestern corner where the Mediterranean and Aegean seas meet.
With Turkey expected to join the European Union within the next decade, property experts say those who get in early stand to see a substantial return on their investment.
The combination of rapidly rising house prices and Turkish property market reforms has made the country an increasingly popular destination for international investors. Five yearsago the government passed legislation making it possible for non-Turkish citizens to buy property. Since then, foreigners have spent more than $7.2 billion on an estimated 30,000 homes, according to the Turkish government. Over the last year alone property sales to foreigners soared by 59% to $2.9 billion.
Property sales to foreigners finally approved
Parliament passed a bill late Thursday regulating property sales to foreigners after it was re-arranged bearing in mindthe Constitutional Court's annulment of previous legislation.
Foreigners and foreign foundations will be able to own up to 10 percent of land within a building scheme, according tothe new amendment. In case of liquidation of foreign companies in Turkey, the legislation will apply certain limitations
which will enable foreigners to buy land in strategic and important areas only through special permission.
The Council of Ministers will be authorized to determine the sales of land in areas of importance to water, mining and energy supplies or in religious and historical sites.
While foreign ownership of real estate in military-restricted areas will be possible only by permission from command headquarters that are authorized by the General Staff, real estate in security areas will be purchasable by foreigners only through a special permission of the related governor's office, the legislation states.
June 2008
The government has postponed the enforcement of a smoking ban in all enclosed areas until mid-2009 after intensive lobbying efforts by tobacco producers.
The smoking ban will enter force after four months while it will be effective in restaurantsand bars from July 19, 2009.
The law, extends the smoking ban to all indoor areas including cafés, bars, pubs, shopping centers, hotels and restaurants. The government originally aimed to enforce the smoking ban in cafes and restaurants this year but objections by tobacco companies and some deputies havebeen influential in delaying the enforcement of
the smoking ban.
Driving License
If you are visiting Turkey as a tourist or residing for a definite period, you are allowed to drive with your international license.However, if you become a resident or start working or studying in Turkey, you need to convert your driving license into a Turkish one. Thus in principle, all international driving licenses are acceptable, once they are localized with the Association of Drivers (Þöförler Odasi) in Turkey.
Turkey & UK Relations in Business Market
Turkey is one of the world's most rapidly industrializing markets. Our economy has growing at a 4 percent per annum for the past 10 years. Turkey is the 6th largest Economy in Europe and the 17th in the World, attracting Foreign Domestic Investment (FDI) of $30 billion in 2005-6.
Turkey’s major trading countries are Germany, France, Italy and UK. UK is one of the best trade partners of Turkey. The volume of UK-Turkey bilateral trade reached $12 billion in 2006 and the UK is Turkey’s 2nd largest export market. British firms cover a wide range of sectors, with over 41 British companies investing in Turkey, such as BP, Shell,Vodafone, Unilever (UK), HSBC, Aviva, Tesco, and Cadbury Schweppes.
Exports from Turkey to UK increased to $ 8,626 million in 2007 compared to $6.814 million in 2006. With this growth in trade, UK became the second biggest importer from Turkey in the last year. It is also the 7 th biggest exporter from Turkey with a total of $5.471 million dollars in 2007. The chart below shows the increase in export and import between Turkey and UK in the last 10 years.
Turkey knocked out but proud
Turkey have said a bitter but proud farewell to EURO 2008 after losing 3-2 to Germany in the semi-finals match played at St. Jakob Park at Basel.
Uður Boral put Turkey ahead after 22 minutes but four minutes later Bastian Schweinsteiger leveled the score for Germany. On 79th minute Miroslav Klose's header gave Germans a 2-1 lead but Semih Þentürk equalized the score on 86th minute, this time for Turkey. While it was thought that the game would go to extra time, Philipp Lahm scored the winner on the last minute with a close range shot.May 2008
Turkish opera diva Leyla Gencer dies
'Turkish Diva' Leyla Gencer, the world's one of the greatest sopranos, died of heart failure on Saturday in Milan, where she lived. Her funeral ceremony will be held in Milan today, and her ashes will be brought to Istanbul and scattered over the Bosphorus.Turkish soprano Leyla Gencer, one of the greatest opera singers of the 20th century who made her career at Italy's La Scala, has died of heart failure in Milan, Italy. She was 80. The singer was known as La Diva Turca or the Turkish Diva.
Gencer was born in Istanbul in 1928, to a Polish mother and a Turkish father. She cut short her studies at the Istanbul conservatory in favor of private tutorials from Italian opera singer Giannina Arangi Lombardi in Ankara. She won international recognition after her debut in 1957 at La Scala Theater in Milan as Madame Lidoine in the world premiere of Poulenc's "Les Dialogues des Carmelites."
Welcoming Queen Elizabeth II
Queen Elizabeth II and Prince Philip, Duke of Edinburgh, will be arriving in Turkey this week for a four-day state visit – their second in 37 years. The four-day stay of the royal couple in Turkey will yet be another demonstration of the strong bonds of friendship and of allied relations.
All through the past many years… Ever since the 1987 application of this country for full membership in the European Union, among the members of the Western club of democracies, Britain has always been a staunch supporter, often the sole supporter of Turkey's EU bid. British support to the Turkish membership drive, of course, is not just a product of the strong love and affection London has toward Ankara, but rather is a product of the capability of the past and present British governments in approaching the Turkish membership drive with a strategic perspective which even today lacks in many European capitals, particularly in Paris.
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