It’s not all doom and gloom during this Covid pandemic, and there are some key industries that have had some growth, albeit a small percentage increase. One of those sectors is Automotive exports which, when comparing to 2019, had an uplift of 0.5% and goods worth over $2.6bn. Careful not to allow the virus to impact heavily on logistics and supply chains the industry has had to switch to alternative...
Erzurum is one of the largest cities in the Eastern Anatolia region of Turkey, and it’s got a beautiful hidden secret, which, after much preparation and collaboration by the Governors office, the Metropolitan Municipality and the Narman Municipality, is ready to host up to 500,000 tourists per year, after hopefully overcoming the Covid pandemic. A result of a geological process, which began millions of...
Steeped in history, located on the southern coast of the Peninsula, and one of the largest port cities in the Mugla province is Bodrum a truly beautiful place visited not only by the likes of you and me, but it’s also been touched by the more elite amongst us, including royalty. With a hot Summer Mediterranean climate, and a mild humid Winter, it’s always been a favourite for holidays throughout the...
Over the last few months and years there has been a big push on increased infrastructure to meet the growing demand for improved travel options across Turkey, and recently work has started on a new metro line, from the International Airport to Istanbul. With the new line due to start accepting passengers from April 2021, there are currently 4,500 people working on the construction, with the...
It might be coming to the end of the traditional ‘tourist’ season in Turkey, but that doesn’t necessarily mean that things are ‘shutting shop’ in the coastal towns, as researching is showing that not only are many people with holiday homes staying, but also, more and more residents from the large cities from Istanbul, are also heading down to stay over the winter too. As more and more companies...
$15bn USD I hear you say? Really? Yes, really! That is the predicted figure that tourism could still contribute to the economy in Turkey by the end of 2020, even with the Coronavirus pandemic hindering the pre-crisis target of 60 million visitors this year. A combination of stricter safety measures being implemented, and social distancing rules being adhered to has meant that International traveller...
We all need positive signs of growth in these precarious times, and that, for Turkey, comes in the form of it’s Air Cargo division of Turkish Airlines, which in the first half of 2020 grew by 67%, and increased its market share by 1.5%. Onur Okutur, the Turkey Director of Kearney, the global management consultancy who carried out the research of global air carrier businesses mentioned that ‘with the...
Bodrum is well known for it's luxurious yacht sightings and last week was no different as we saw the 'Al Salamah', the 'Sunrays' and the 'Eclipse' in it's waters. The 'Al Salamah' is owned by King Bin Salma of Saudi Arabia, and with an estimated value of $200m, it boasts a cinema, library, business centre, fully equipped hospital, gymnasium and a spa. The 'Sunrays' next to it, is owned by two Indian...
Just when we thought we might start getting a little quieter here, as the normal season starts to come to an end, it’s full steam ahead as September is generally the month when Turkey releases its export and monthly inflation data. This time however, there’s more of an up surge in interest and they will also start to lay the foundations for the economic program of recovery from Covid-19. Starting with...
In a major move for the country, both economically and globally, Turkey recently opened one of the largest-scale business complexes in the world, which contains a huge technology laboratory and 40 factories. The project, which was officially unveiled by Erdogan at the Turkish Employer’s Association of Metal Industries, already adds to the 85 tech labs and 1607 research and design labs the country...