Exclusive White House Property Turkey

Contemporary design meets classic flair in this amazing White House design by Place Overseas, take a look at the stunning video on property Turkey for sale.

How to get a Turkish Residence Permit

Every year, thousands of people apply for Turkey Residence Permits, Here explains exactly a step by step guide to getting a Turkish Residence Permit.

How to set up a business in Turkey

A guide to setting up a business in Turkey, all you need to know about business in Turkey.

A complete guide to buying property in Turkey

A guide for buyers in purchasing property in Turkey. How to purchase property and the laws and requirements surrounding real estate in Turkey.

A guide to living in Istanbul

All you need to know about life in Istanbul for expats and those living in Turkey. Check out our complete guide to Istanbul.

Wednesday, 30 November 2011

Foreign doctors interested to work in Turkey

More and more foreign doctors are applying for jobs in Turkey following a recent statutory decree change that allowed foreign doctors and nurses to work in Turkey.
The new change, introduced on November 3rd, has seen more than 2,000 foreign doctors apply for jobs since the change. Doctors from established nations such as Germany, France, the United Kingdom and even the United States have all shown an interest in working in Turkey.
The change calls for a 5 percent quota of the total number of doctors in Turkey to be allowed to be foreign nationals. There are currently 120,000 doctors in Turkey, meaning that there can be a total of up to 6,000 foreign doctors in Turkey, competition is fierce. However there is no quota for the total number of foreign nurses that can work in Turkey; there are expectations that more than 50,000 foreign nurses could be employed in Turkey in the future.
The number of foreign people looking to work in Turkey is on the rise in recent years as Turkey becomes a more popular destination due to the positives to be had in Turkey. The amazing lifestyle and culture of Turkey is drawing foreigners from all over the world to come to Turkey.

Tuesday, 29 November 2011

Every province in Turkey will have science centres

Turkey’s Science, Industry and Technology Minister, Nihat Ergun has said that Turkey will open science centres in every province by the year 2013.
Ergun said during a visit to the United States: “Technology firms will directly finance some sections of these science centres.” Ergun was in the US for an official visit to the Exploratorium Science Centre in San Francisco. The Exploratorium currently employs over 300 people and has an annual budget of $33 million.
Ergun said that there are currently 380 science centres in the US alone. There is also 250 in Europe and 300 in China. Turkey wants to increase the number of science centres in Turkey in order to compete with these nations and regions.

Friday, 25 November 2011

Car giants to invest in Turkey

Three car manufacturers have announced that they are to invest a total of 287.1 million euros in car production at two different factories in Turkey, boosting foreign direct investment in Turkey.
The Turkish branch of Toyota announced that they are to make an additional investment of 150 million Euros to strengthen their existing production plant in the Black Sea province of Sakarya. The new investment will create an extra 400 jobs in the area. A statement from the company read: “With the production of the Verso model as well as the new project, the total production quantity in Turkey and our settlement here will increase.”
Another car manufacturer increasing investment in Turkey is Tofas, the domestic carmaker operating under the Italian Fiat brand. The company has started production on a new Combo model car in Bursa which will see a total investment of 137.1 million Euros in to Turkey. A statement read: “The business volume will reach 1.4 billion Euros and will be an important contributor to the economy in the middle to long term.”
Cars in Turkey is a big and important business, the market for cars in Turkey is huge as more people invest in a car in Turkey and the quality of cars in Turkey rises further and further.

Erdogan to be on the cover of Time magazine

Turkish Prime Minister, Recep Tayyip Erdogan will appear on the cover of Time Magazine on November 28.
Erdogan is set to appear on the Europe, Asia, and Pacific regional editions of the world famous US magazine. The magazine cover for the Erdogan edition reads: “Erdogan’s Way” and shows the Prime Minister in a black and white photo with his arms crossed in front of him.
Erdogan becomes only the 9th Turk to ever appear on the cover of Time Magazine since the magazine was first initiated in 1923.
The report inside the magazine shows a detailed description of Erdogan’s recent visit to Cairo in Egypt and reads: “Cairo greeted Recep Tayyip Erdogan like a rock star, with thousands of his fans carrying posters of him, cheering and chanting slogans at the airport.”
The report went on: “Erdogan is the kind of leader which the people rising against tyrants would like to see in their countries. Turkey’s success shows Arab Islamists that they can modernise their countries without severing their religious roots. According to his admirers in the West, Erdogan’s Turkey shows political Islam does not need to be an enemy of modernity.”
Erdogan is a popular leader amongst the West. The Turkish Prime Minister has overseen the rapid growth and development in Turkey of late that has seen Turkey become one of the best growing nations in the world.

Thursday, 24 November 2011

David Cameron says UK united with Turkey to fight terrorism

UK Prime Minister, David Cameron and Turkish President Abdullah Gul held a joint press conference in which Cameron reaffirmed the UK’s strong allegiance with Turkey in fighting against terrorism.
Speaking during the conference, Cameron said: “On terrorism, we stand shoulder to shoulder. We condemn the PKK attacks in Turkey. We’ve taken action against the PKK right here. And in return we look to Turkey as a key partner over the international terrorism that threatens us.”
President Gul talked about both the UK and Turkey as two countries that share common values of aspiring for peace. Gul also stated that Turkey and the UK had a valuable strategic partnership and referred to the current times as a “Golden Age” in reference to the relationship between the UK and Turkey.
It is also thought that the two leaders discussed issues of trade between Turkey and the UK and issues of visa regulations.

Wednesday, 23 November 2011

New reciprocity law to increase Foreign Direct Investment

According to the Investment Support and Promotion Agency of Turkey (IPSAT), the draft law that will see the abolishment of the reciprocity rule for foreign property buyers will result in an influx of Foreign Direct Investment (FDI) in Turkey.
The current law prevents certain foreign nationals from investing in Turkey on the grounds that Turkish nationals can’t invest in those countries either. The new law would allow nationals from all countries the right to invest in Turkey and buy property in Turkey. The new law would see nationals from all countries buying property in Turkey and would evidently have a positive impact on the amount of yearly FDI in Turkey.
IPSAT President Ilker Ayci said: “Turkey’s appeal to investors is on the rise. Potential investors are impressed by Turkey’s high growth rate and increasing industrial output.”
Ayci went on: “Foreign investors take a country’s living conditions into consideration when deciding on an investment. This is because most investing companies transfer their managers and high-ranking staff with their families.” The new law would make living and working in Turkey even easier for foreign nationals.
Turkey’s Grand National Assembly is set to discuss the new law later this month. Turkish real estate is already a leading market and the removal of the reciprocity laws will see further growth of the Turkish real estate market.

Friday, 18 November 2011

Abdullah Avci named as coach of Turkish national team

Turkey has moved swiftly to replace Guus Hiddink as coach of Turkey, naming Abdullah Avci as the chosen man to lead Turkey to the World Cup 2014.
Hiddink resigned as coach of Turkey following the dismal display of Turkey and the failure to qualify for Euro 2012 next summer after defeat to Croatia in the playoffs, the big Dutchman failing to live up to his stellar reputation. Turkey hopes that Avci will be the right man to get Turkey back on track.
After being named as coach, Avci said: “I am very happy to be granted the honour of such a duty; we will take important steps to improve the national team.” Avci will have a contract with the national team until 31 May 2015.
Avci has previously managed Istanbul club Buyuksehir for the last 5 years, leading the team to promotion in 2007 and to the Turkish Cup final for the first time. Turkish Football Federation Chairman Mehmet Ali Ayinlar said: “Coach Abdullah deserved this position; I believe he will reach great success with the national team.”

Thursday, 17 November 2011

US energy companies to invest in safe Turkey

Seventeen companies from the US are to travel to Turkey in December specialising in green energy, energy efficiency, and environmental technologies to explore Turkey’s growing energy market.
Michael Lally, Commercial Counsellor to the US Embassy in Ankara, said: “US companies are eager to invest in Turkey because of their high confidence in the country’s growth potential. Among the 17 visiting companies 11 have no prior presence in Turkey.”
The representatives of the companies will visit Istanbul, Ankara, and Izmir between the dates of December 5th and December 9th for talks with Turkish companies on potential joint investments and partnerships. Lally said: “The actual number of the visiting countries was higher but needed to be reduced for the talks to reach deals.”
Lally summarised: “Companies from other sectors are also keen on partnerships with Turkish companies. Two visits by aviation and education companies are scheduled for the next year.”
While Turkey is growing and expanding at a rapid rate, the Turkish economy is relatively safe and secure compared with the rest of Europe. For these reasons, the United States would do well to increase investment deals with Turkey as both nations look to prosper from better deals between each other.

Tuesday, 15 November 2011

British property investors looking to Turkey

More and more British nationals are looking for a property overseas and are increasingly looking to the Turkish property market to invest in.
Director of Conti, Clare Nessling, said: “Turkey offers great property prices and as tourism has risen dramatically over the past few years, rental yields are lucrative.” Nessling said that buying a property in Turkey has never been so affordable, and for these reasons, more and more British nationals are looking to the Turkish property market to invest in.
Generally, Turkey is experiencing an increase of foreign investors who are putting their money in to Turkey for various reasons. Turkey offers a stability for your investment that not many other countries in and around Europe can offer. The weakness of the Euro has left doubts in Europe while Turkey is relatively secure and you can expect a good return on your money if you invest in property in Turkey.
British nationals investing in property in Turkey are experiencing an idyllic lifestyle and can look forward to more days in the sun watching the world go by as their property value increases and their investment becomes more and more worthwhile.

Monday, 14 November 2011

Turkish Airlines wins awards in London

The national flag carrier of Turkey, Turkish Airlines has won three awards at an award ceremony in London at the British House of Lords.
The ceremony, held on the 9th of November, saw Turkish Airlines pick up the award of the ‘Best Airlines in Europe 2011’ for their impressive performances to India. The awards were presented by the Asian Guild – an organisation by Asians contributing to the economic and cultural life of Britain.
Turkish Airlines Director General Temel Kotil and Marketing and Sales Director Sezgin Saglam also received friendship awards at the ceremony.
Currently Turkish Airlines flies from Birmingham in England to New Delhi and Bombay in India and there are plans to make new daily flights to six destinations in India.
This award for Turkish Airlines is a sign of the continued growth and expansion of the impressive airline. Turkish Airlines is currently the fourth biggest airline in Europe and recently won another award at another ceremony in Stockholm to compliment the awards in London.

Friday, 11 November 2011

Turkey face Croatia in huge Euro 2012 qualifying match

For the winner, a ticket to the 2012 European Championships next summer in Ukraine and Poland, for the loser, a ticket home to disappointment and frustration. Turkey plays Croatia today in a crucial match for both nations bidding for a place in Euro 2012.
The first leg will be played today at Istanbul’s Turk Telekom Arena, a fiery atmosphere will greet both teams. The second leg will be played on Tuesday in Zagreb at the TT Arena to finalise who will get the ticket to Euro 2012 and who will go home.
Both teams have a history against each other. It was only 4 years ago in Euro 2008 that Turkey defeated Croatia in the quarterfinals in a tense match, eventually winning on penalties. Both will be hoping for no such repeat this time round, both teams will want to win convincingly to avoid the agony of a penalty shootout lottery.
Croatia coach, Slaven Bilic was cautious to mention the revenge factor in the match today, saying: “Revenge is an ugly word, and I don’t want to use it because the Turks won fair and square; they didn’t cheat their way into the Euro 2008 semi-finals. They scored a brilliant goal and showed their character, so our motive is to qualify for Euro 2012, not revenge.”
Bilic stated that this match will be a cup final for Croatia, saying: “We will enter the playoff with cool heads and approach it as if it’s a cup final with no return leg.”
Turkey will be hoping for a commanding victory over Croatia in the first leg today in order to ease the pressure of the return match in Zagreb. Turkey coach Guus Hiddink said: “The return leg in Zagreb will be tense and tough. Though I don’t want to think about it, the fact of the matter is that we will also be under pressure. But we have to overcome and this and instead pile pressure on the Croats and force them to make mistakes. And fan support will also be very necessary in this regard.”
Both Turkey and Croatia are big tournament teams. Both nations normally fare well when they qualify to the big tournaments. No matter what happens, whichever one of these teams qualifies for Euro 2012 will be a threat to whoever finds them in their group come next summer.

Thursday, 10 November 2011

Fitch Ratings say Turkish banks robust

A new report released by Fitch Ratings has stated that Turkish Banks credit profiles are strong and robust in 2011 despite some market and regulatory challenges.
The report shows that Fitch views the medium term outlook of Turkish banks as favourable. However the near term outlook for the Turkish economy is set at uncertain as a precautionary measure due to the current economic climate surrounding Europe.
The report showed that fast Turkish credit growth has created risk management challenges for the nation and led to a moderation of capital and funding ratios. However Fitch dismissed this in their report, saying that underwriting standards in Turkey have remained generally strong and healthy while leverage in the system is also contained.
Turkey’s credit growth has begun to slow down in third quarter of this year due to regulatory measures and the weaker outlook of the world. This has reduced the potential for a dangerous rapid build-up of risk in the near term for Turkey, ensuring a safer outlook for the Turkish economy compared with other nations.
Turkish banks swift action and reputation for tight control of their finances has led to an all-round solid performance in the Fitch Ratings.

Wednesday, 9 November 2011

Vodafone profit in Turkey

Vodafone announced yearly profits are up thanks to strong growth in emerging markets and sustained growth in current strong markets for Vodafone.

The company experienced strong growth in India and Turkey, and produced strong results in Germany, Britain, and the Netherlands. Vodafone also raised its interim dividend by 7 percent on top of a special dividend from US company Verizon.

Vodafone naturally saw some decline in countries affected by the economic crisis, countries such as Spain, Italy, and Greece saw profits slip. Developing and strong nations such as Turkey are beginning to have more and more impact for Vodafone, these nations provide a healthy income for the company.

Analyst Will Draper said: “They’re really great numbers. Revenues are up 1 percent on the consensus and they’ve raised the operating guidance towards the top end of the range. So I think they’re pretty bullet proof.”

The company also moved its outlook for yearly operating profit to the top of its predicted results, changing the forecast from earlier this year to between 11.4 billion pounds and 11.8 billion pounds compared with 11 billion pounds to 11.8 billion pounds at the start of the year. CEO Vittorio Colao said: “We’re confident that we have the right strategy to continue to perform consistently through top line growth, cost efficiency, investment and cash generation.”

Tuesday, 8 November 2011

New Turkey legislation to increase earthquake resistant houses in Turkey

The Turkish government is to introduce new regulations to increase further Turkey’s ability to cope with earthquakes by the end of the year.

A senior official of the ruling Justice and Development Party (AK Party) said: “Legislation will most likely be introduced within this year.” The official also said that there will be tighter and more stringent supervision and punishments for buildings that are not up to the new standards.

Turkey was recently hit with a large earthquake in the province of Van that left many homeless. The new standards will lead to more homes in Turkey being earthquake resistant and increase the safety in Turkey.

Monday, 7 November 2011

Turkey to set up second hospital in Somalia

The Turkish Ministry of Health has announced that they will set up a second hospital in famine stricken Somalia as part of Turkey’s ongoing help of the Somali people’s plight.

The Ministry of Health Somalia team head, Dr. Akif Saatcioglu said that the second hospital would be resistant to the severe climate conditions in Somalia and will be significantly larger than the first one. The hospital will be situated near a former parliamentary building in the capital Mogadishu that is now a shelter for homeless people in Somalia.

The new hospital in Somalia will allow Turkey to help and provide aid for a huge amount of people in Somalia. Saatcioglu said that the hospital will be open soon for patients.

Somalia is currently suffering through the worst drought for the last 60 years. A United Nations report has stated that many thousands of people are in need of urgent help daily. Turkey has so far provided an unprecedented amount in aid and help to Somalia, the Turkish generosity has not gone unnoticed by Somali’s who now refer to Turkey as their Brother.

Friday, 4 November 2011

Turkey’s e-commerce booming at rapid pace

The e-commerce market in Turkey is rising and booming new data released has shown.
The data has shown that total revenue earned through online payments in Turkey has increased by 52 percent to 16.9 billion Turkish Lira in the first 9 months of this year compared with the same period last year.

General Manager of the Interbank Card Center (BKM), Soner Canko, said: “Almost one in every five people in Turkey now shops online.” Speaking at the Cardist 2011 International Card and Smart Technologies Exhibition & Summit held in Istanbul, Canko said that Turkey currently ranks among the biggest markets in Europe regarding online commerce.

The data has shown that the total number of internet transactions has jumped by 37 percent in the first three quarters of the year compared with the first nine months in 2010. The total number of internet transactions in the first three quarters has reached 91.4 million transactions.
Canko said that many international finance institutions are watching Turkey with an interest as the e-commerce market in Turkey becomes more and more promising and profitable.

The data showed that internet users in Turkey mostly used the services sector in their e-commerce activities. The services sector ranges from online tax paying to holiday reservations and generated a total of 2.53 billion Turkish Liras in the first nine months this year, representing a 69 percent increase over last year.