Arab tourists to Turkey on the rise

A new study by Turkey’s Interbank Card Center (BKM) has shown that Arab tourists to Turkey are on the rise compared with previous years before. The study showed that transactions in Turkey by foreigners in general was up 35 percent in the first half of the year compared with the same period last year, with … Continue reading

China confidence in Turkey – loans Turkcell $250 million

China has demonstrated confidence in the Turkish economy by loaning Turkish mobile operator Turkcell a hefty sum of $250 million. The deal with the China Development Bank will see Turkcell have enough funds for their planned investment in products and services from another Chinese giant Huawei – a company that specialises in networking and telecommunications … Continue reading

Istanbul peninsula to be protected

Istanbul’s Metropolitan Municipal Council has approved new plans to conserve the historic city peninsula. Including many famous structures from the Roman and Ottoman periods, the conservation will help preserve some historic history of the cultural city. Head of the Public Works and Construction Commission, Sefer Kocabas said: “None of the unlicensed buildings inside the historical … Continue reading

Istanbul taxi fares increased by 8 percent

Prices for a taxi in Istanbul have been increased by 8 percent in a bid to cover fuel costs and spare parts for Istanbul taxi drivers. Under the new regulations, due to come into effect on December 17th, taxi fares will start at a base rate of 2.70 Turkish Liras – an increase from 2.50 … Continue reading

Erdogan voted most popular person AND least popular person in Time Magazine poll

Readers of the influential Time Magazine have voted Turkish Prime Minister Recep Tayyip Erdogan as the People’s Choice for Time’s 2011 Person of the Year and ironically also voted him top of the least popular people list. A statement in the magazine said: “The Turkish Prime Minister was the most popular, and the least popular … Continue reading