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Treasury to cut borrowing as costs increase
Turkey’s Treasury said it plans to borrow YTL 5.6 billion ($3.7 billion) on international markets in 2009, less than this year as the global crisis makes it harder and more costly for developing economies to obtain credit.
The target, laid out in a borrowing plan announced by the Treasury in Ankara in an e-mailed statement Monday, […]
Bosphorus prices vary
Tarabya is a valuable district alongside the Bosphorus and property prices in this area vary according to the view of the beautiful waterway through Istanbul.
Old apartments, villas, waterside mansions, new apartments in new living compounds are all available, TURYAP’s Tarabya representative Nedim Aktas said. Mansions right near the Bosphorus are invaluable. Prices of villas further […]
TOKI set to build its 400,000th home
The Housing Development Administration will focus on building homes for low-income groups in 2009, with a target of building its 400,000th house in mind.
The Housing Development Administration of Turkey, or TOKI, sold 24,317 houses in 2008 and has a target to build its 400,000th house in 2009.
A statement released by the administration on its […]
Turkey’s foreign trade deficit down 48.8 percent in November
Turkey’s foreign trade deficit fell by 48.8 percent in November 2008 to $2.72 billion compared to the same month of the 2007, the Turkish Statistical Institute (TURKSTAT) announced in a statement on Tuesday. (UPDATED)
Turkey’s export figures decreased by 17.5 percent to $9.3 billion in the same period, while imports decreased by 27.5 percent to $12 […]
More than 26 million tourists visit Turkey in 2008- ministry
More than 26 million tourists visited Turkey in 2008, Turkish Tourism Ministry officials said on Tuesday.
Speaking at a gathering in the northwestern province of Bursa, Undersecretary of the Ministry of Culture and Tourism, Ismet Yilmaz, said that Turkey’s tourism income reached $21 billion this year.
Briefing participants on the tourism activities in Turkey and all […]
’Rent to buy’ options
Real estate markets are suffering the effects of the global economic crisis. To combat the slump in the buyers market, developers have started offering buying schemes at new projects, including rent to buy options
Due to the global financial crisis, the real estate sector has developed several new marketing schemes to encourage buyers.
The firms new […]
Buying up in Turkey
Financial Times is recommending its readers buy residential or holiday homes next year, selecting the 10 top locations, it has included Turkey’s Belek, Alt?nkum and Bodrum’s coasts, with an emphasis on the ’substantial and beautiful coastline’
Turkey has been rated among the 10 top locations by the Financial Times, or FT, of places people can […]
Turkey’s trade volume rises 4.1 pct in free zones
Trade volume increased by 4.1 percent to $23.2 billion in free trade zones in Turkey in the first eleven months of 2008 compared to the same period of 2007, Foreign Trade Undersecretary announced on Sunday.
According to the figures, countries of the European Union and the Organization for Economic Cooperation and Development (OECD) were the biggest […]
Turkey will overcome crisis along with whole world- Central Bank
It was not possible for Turkey to overcome global economic crisis by itself and the country would overcome it along with whole world, the governor of Turkish Central Bank said on Saturday.
A major part of foreign debt belonged to the private sector in the country, responding a question on Turkey’s external debts, Central Bank Governor […]
More than 1 mln Brits visit Turkey, expected to double in 2009
The falling pound and depressed household income drive more British holidaymakers outside eurozone, triggering an increase by 32 percent in the number of people booking a summer holiday in Turkey.
The falling value of the pound against the euro is forcing many British tourists to soak up the sunshine in Egypt and Turkey rather than Spain […]
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