Since it was introduced, Turkey’s Citizenship by Investment programme has proven to be very successful and as demand has increased substantially there are now plans in place to increase the qualification threshold from $250,000 to $400,00 USD. It was dropped in 2018 to $250,000 from the original price of $1m, and now it’s time to increase it given the rise in inflation, Turkey’s position within the...
To protect the value of the Lira and re-boost the economy President Erdogan called upon his trading neighbours to conduct business in the local currency, and it seems like the call has been answered as in the first quarter of 2022, exports in Turkish Lira increased by 71.8% when compared to the same period of 2021. This increase equated to a total export value of around 24.9bn TL, with January...
The 57th Tour of Turkey begins on the 10th April and will end on 17th April. A total of 175 cyclists of 25 teams from 14 different countries will be taking part in the race. The race will start from Bodrum and will finish in Istanbul. The Turkish Cycling Federation has been organising the Presidential Cycling Tour of Turkey since 1963. Back then it was know as the 'Marmara Tour.' It was only in 1965...
Large cruise liner the Regal Princess docked at Ege Port in Kusadasi this week and was carrying a total of 2,460 passengers, most of whom had come from the USA. The huge vessel is 1,082 feet in length and weighs around 141,000 gross tons. It has a passenger capacity of 3,560 and has 15 stories above water. It has been nicknamed the "floating city" by cruise companies at Ege Port. Some of...
The coastal resort city of Antalya hit the headlines this week as early indications showed that a total of 515,993 tourists arrived in the first quarter of 2022, which is a huge increase of around 93% when compared to the same period last year. Not only have relaxed restrictions, increased spending on marketing campaigns and re-started flight schedules contributed significantly to the increase, the...
It has been revealed that Turkish chef and restaurant owner Burak Ozdemir aka CZN Burak will be going into partnership with Portuguese football legend Christiano Ronaldo for his new dining venue in London. The Turkish chef, whom shot to global fame via social media with his cooking videos and huge portions of meals and desserts, announced the news at a digital entrepreneurship event that was held by...
Due to a strong collaboration between a consortium of both Turkish & South Korean companies, the longest suspension bridge in the world has now been completed, and was inaugurated to the public earlier this week, attended by both Recep Tayyip Erdogan and Prime Minister Kim Boo-kyum. The Bridge links both sides of the Dardanelles Strait for the first time, something that was really only possible before...
The first batch of tourists flew from the UK over to Mugla's beauitful Bodrum district to kick off the season after a two year hiatus due to the COVID 19 pandemic. A total of 180 passengers landed at Bodrum Airport on March 27th and were greeted at the airport with water jewellery. Tourists were also welcomed by the staff with gifts of flowers and sweet treats, plus by the aiport exit there was...
Award season is back in full swing!! Hollywood's most famous celebrities, movie stars and producers gathered together to attend this years 94th Academy Award ceremony at the Dolby Theatre in Los Angeles. This years menu for the after party, for the very first time, included Turkish dishes which were served to the Hollywood A-listers. Turkish cuisine such as Black Sea Pide and a Creamy...
China has always been hugely important for global trade due to its low cost production, however, as major European companies start looking for alternatives that are closer to home, Turkey is in the race to start a new age in Global Supply Chain dominance. For foreign buyers, who want faster delivery and higher quality, but still with an affordable pricing structure in place, Turkey has already proven that...