Tourism Ministry figures show 14 percent rise in first 6 months of 2017 The number of foreigners visiting Turkey in the first half of 2017 increased by more than 14 percent on the same period last year, the Tourism Ministry said Tuesday. The figures showed 12.25 million foreign visitors entered from January to June, compared […]

Turkey’s revenue from tourism totals $5.4B from April to June, TurkStat says Turkey’s tourism income rose year-on-year in the second quarter of 2017, Turkish Statistical Institute (TurkStat) said Monday. Turkey earned more than $5.4 billion from April to June, up by almost 9 percent compared to the same period last year, according to the data. […]

The confidence in Turkey’s economy hit its highest level since November 2013, according to official data released on Friday, underscoring the economy’s resilience following last year’s July 15 defeated coup attempt. The economic confidence index increased by 4.5 percent to 103.4 points in July, up from 98.9 points in June, the Turkish Statistical Institute said […]

Three Turkish defense firms made this year’s list of the world’s top 100 defense firms, with two climbing up the ranking, and a third making its debut. Turkish giant Aselsan rose one spot to number 57 on Defense News magazine’s Top 100 list, and Turkish Aerospace Industries is close behind, at number 61, leapfrogging 11 […]

Government spent around $2.5B on research and development, an increase of 21.6 percent year-on-year in 2016 The government’s spending on research and development increased by 21.6 percent year-on-year to 7.5 billion Turkish liras (around $2.5 billion) in 2016, according to the Turkish Statistical Institute (TurkStat) on Wednesday. “The central government’s budget expenditure on research and […]

Economic growth forecast to average 4.3 percent between 2017 and 2019 Fitch Ratings on Friday maintained its ‘BB+’ rating for Turkey with a stable outlook. The country’s credit rating is a balance of “high external financing vulnerabilities” with “a long commitment to fiscal stability and strong growth performance,” the ratings agecny said in a statement. […]

4 flights-a-week to tropical Thai destination from Turkey Turkish Airlines has launched direct flights from Istanbul to the Thai island of Phuket, the carrier’s 300th destination, the airline said Tuesday. In a statement, the company said four weekly flights to the island, off Thailand’s western coast, would cost from $569. “As an award-winning airline that […]

Turkey’s benchmark index closed the day with a 2,085.48-point hike to reach a new historic high of 103,558.64 points on Tuesday. Borsa Istanbul’s BIST 100 index rose 2.06 percent with a total trading volume of 6.5 billion Turkish liras (approximately $1.8 billion). The banking and holding sectors rose 3.87 percent and 1.42 percent, respectively. Among […]

Turkey is key for energy in providing stable, predictable environment for investments, minister says Turkey is a key and safe harbor for energy investments, the Turkish Energy Minister Berat Albayrak said Sunday at the 22nd World Petroleum Congress in Istanbul. Albayrak, speaking at the opening ceremony of the Congress, of which Anadolu Agency is the […]

Nearly 69 percent of transactions, worth about $3.1 billion made by foreign investors The value of mergers and acquisitions transactions in Turkey reached $4.5 billion during the first half of the year, a 3-fold increase in value compared with the same period in 2016, according to a consulting firm on Friday. EY said nearly 69 […]