JP Morgan revises up Turkey’s 2021 growth forecast to 8.4 pct

U.S.-based multinational banking and financial services company JP Morgan Sept. 1 revised its estimate for Turkey's economic growth for 2021 from 6.8 percent to 8.4 percent. According to a report published by the firm, the Turkish economy continued to grow "at full speed thanks to robust domestic demand and surging export demand in the second quarter." The country's economy expanded...

Schools set to reopen in Turkey

Only a few weeks after wildfires devastated large swathes of land in southern Turkey, nature has already begun the renewal process. Flowers are blossoming again, along with shrubbery sprouting up around Marmaris, a vacation resort town in the southwestern province of Muğla, where blazes scorched the earth and turned countless trees into ash. The government on Tuesday issued new guidelines for...

Turkey’s vaccination program exceeds 85 million doses

The total number of doses administered to the public against coronavirus surpassed 85 million on Tuesday in Turkey. The figures, which include the first, second, and third doses, show the country administered more doses than its population since it started its vaccination program in January. More than 44 million people received their first doses while another 33.5 million have now received both doses...

Countdown starts for Turkey’s first outdoor activities festival

A countdown began for the first outdoor life and activity festival in Turkey “OutdoorFest,” which is being organized in Istanbul by the Outdoor Turkey Platform. The festival will take place in the Kilyos district of Istanbul. The event will bring together outdoor enthusiasts on Sept. 3-5, in an area of 400,000 square meters. Guided by the principles on the ethical usage of nature, environment,...

Interest in detached houses increased in 2021!

The coronavirus pandemic has changed people's home preferences. In this period, while the needs such as contact with the open air and soil came to the fore, the garden and detached houses were in great demand. The great increase in the demand for detached houses during the coronavirus epidemic was interpreted by experts as not being able to go out during the time we are closed at home, and how this...

Turkey’s Domestic Car Project İs Attracting Global Players Attentions

Turkey's Automobile Joint Venture Group (TOGG) has seen overwhelming interest from world-renowned international companies for collaboration in the production of the country’s first domestically made, fully electric car, the group's CEO said. Also, The Union of Chambers and Commodity Exchanges of Turkey (TOBB) President Rifat Hisarcıklıoğlu stated that they will make more than an automobile with...

Eastern Black Sea Region Hotel Occupancy Rate Approaches 100 Percent

Due to fires in Muğla and Antalya, holiday seekers have turned their route to the Eastern Black Sea Region instead, and that’s why the reservations in touristic facilities have approached 100 percent recently. Volkan Kantarcı, Chairman of TÜRSAB Eastern Black Sea Region Representative Board, said, “Unfortunately, there is a negative situation; In the last ten days, the occupancy rate in our...

House Sales Figures Announced For July 2021

Turkish Statistical Institute (TUIK) announced house sales statistics for July. Housing sales across Turkey decreased by 53.0 percent in July compared to the same month of the previous year and became 107 thousand 785. Istanbul had the highest share in house sales with 18,884 house sales and 17.5 percent. Mortgage housing sales amounted to 20 thousand 553 in July. In the January-July period, house...

20 Percent Of All Houses Sold In Turkey Were In Istanbul

In the first half of the year, 20 percent (108,051 units) of the 553,000 houses sold throughout Turkey changed hands in Istanbul.According to the data of the Turkish Statistical Institute (TUIK), house sales across the country decreased by 11.5% in the first part of the year. Compared to the same period of 2020, it amounted to 552,810. The highest sales figure was reached in Istanbul with over 108,000...

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