News

March 27, 2024

In 2023, a record number of luxury yachts were produced and sold in Antalya

In 2023, 93 luxury yachts were produced and sold in the Antalya Free Zone! General Director of Antalya Free Zone A.S. (AS BAS) Zeki Gyurses reported that the cost of their sale amounted to $ 143 million. The yachts have been sold to many countries such as the USA, Russia, Israel, Vietnam, the Netherlands and Ecuador. He also noted that having broken the record for sales of luxury yachts in 2023, the free zone is preparing for a new record in 2024. The total yacht production in the Antalya Free Zone from 2000 to the end of February 2024 amounted to 705 units worth 1 billion 692 million dollars. "The global demand for medium-sized yachts, catamarans, solar-powered yachts and hybrid yachts has increased, especially after the pandemic period. The Antalya Free Zone is quickly meeting this demand thanks to our yacht manufacturing companies," Gurses said.
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March 26, 2024

Turkey introduces new standards for the construction of wooden buildings

A decree of the Ministry of Environment, Urbanization and Climate Change on the principles of design, calculation and construction of wooden buildings was published in the official bulletin. The Resolution defined the basic principles of structural design, material properties, earthquake calculations, design principles for strength, fire safety and insulation. The regulation will enter into force on January 1, 2025 and will apply to structures consisting of load-bearing wooden elements and/or being built using other wooden structures and elements.
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March 26, 2024

Since the beginning of 2024, 4.3 million tourists have visited Turkey

According to information provided by the Turkish Ministry of Culture and Tourism, 4.3 million tourists have visited Turkey since the beginning of 2024. The maximum number of tourists came from the following countries: Iran - 437.9 thousand peopleRussia - 433.6 thousand peopleBulgaria - 345 thousand peopleGermany - 330 thousand peopleGeorgia - 207 thousand people At the same time, the number of tourists arriving from the following countries has increased: China - 200%Saudi Arabia - 104%Turkmenistan - 84%Japan - 82% And the number of tourists arriving from the following countries has decreased: Israel - 86%Sudan - 38%South Africa - 12%
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March 26, 2024

​​​​​​​Alanya developers complained that they could not find workers for a salary of 4,000 lira per day ($125)

Alanya developers complain about the shortage of labor. The president of the Alanya Contractors Association, Mustafa Kucyuker, said he could not find workers, although he offered a salary of 4,000 lira per day. Kucyuker said that labor costs currently exceed the cost of construction itself.:"There is a serious problem with the workforce in our industry. Previously, 20% of the construction cost was labor costs, and 80% was construction materials and other expenses. Now the situation is reversed. The current universities have engineering and architecture departments relevant to our sector, but there are no departments for workers such as electricians, plumbers, tile workers, whom we call intermediate staff, and there is a sharp decrease in their number. This leads to excessive costs in the sector. The number of such departments in professional universities should be increased, otherwise we will face an insurmountable problem in the future. In terms of labor prices, we are now close to Europe."
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March 25, 2024

An online system for parents' appointment has been launched in schools in Turkey

In accordance with the new decision, the Ministry of National Education has launched an "online parental appointment system" to plan a meeting of parents with school principals and teachers in a digital format. Parents, using the e-devlet e-government platform, can make an appointment with the principal or teacher of the school. Thanks to the app, parents will be able to meet with teachers and the principal at scheduled hours, parents will not wait long after coming to school, and teachers and principals will be able to devote more time to their students. Once logged in, parents can request an appointment, view active and past appointments, or cancel already scheduled appointments.
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March 25, 2024

In Turkey, the poverty threshold increased by 11% in March and amounted to 57.280 liras ($1771)

According to the study, the poverty threshold, which shows the amount of spending on food and non-food products that a family of four must make in order to live with dignity and not feel deprived, increased by 4,905 liras (11%) in March 2024 and amounted to 57,280 liras ($1,771). Also the Research and Development Department of the Confederation of Trade Unions of Civil Servants (KAMU-AR) It reports that the hunger threshold increased by 5.9% in March and exceeded 20.098 liras ($621). In annual terms, the thresholds of hunger and poverty have almost doubled.
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March 24, 2024

The Turkish Ministry of Culture and Tourism has reported on the issue of opening bank accounts for foreigners

Turkish Minister of Culture and Tourism Mehmet Irsoy announced that an agreement has been reached between the migration service and banks on the issue of opening accounts for foreigners. "Foreigners wishing to obtain a tourist residence permit in Turkey will receive the necessary assistance to open bank accounts. The decision was made at the level of the Association of Banks and a corresponding letter was sent to the Office of Migration Affairs," Ersoy said. The minister also recalled that in order to obtain and extend a residence permit in Turkey, it is necessary to show a monthly receipt of an amount in the amount of one and a half minimum wages.
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March 22, 2024

Salaries of mayors of Turkish cities in 2024

Municipal elections will be held in Turkey on March 31, new mayors will head the city administrations and take up their duties. What salary will they receive per month? It depends on the number of citizens living in the city headed by one or another mayor. The larger the size of the city, the higher the salary. - 54.996 liras/month ($1,700) - in cities with a population of up to 10,000 people- 62.605 liras/month ($1,935) - in cities with a population of 10,001 to 50,000 people- 77,822 liras/month ($2,405) - in cities with populations from 50.001 to 100,000 people- 89,235 liras/month ($2,757) - in cities with populations from 100,001 to 250,000 people- 104.453 liras/month ($3.228) - in cities with a population of 250.001 to 500,000 people- 119,670 liras/month ($3,698) - in cities with a population of 500,001 to 1,000,000 people- 144,300 liras/month ($4,460) - in cities with populations from 1,000.001 to 2,000,000 people- 176,735 liras/month ($5,462) - in cities with populations from 2,000.001 people
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March 22, 2024

Historic hammam in Istanbul is for sale for $ 2 million

The Ayakapi Hammam, built in 1582 for Nurbanu Walide Sultan, wife of Sultan Selim II, is for sale for $ 2 million. The hammam is located in Istanbul's Fatih district, offering a unique view of the Golden Horn. It was built by the famous Ottoman architect Mimar Sinan. 67 years ago, the building became private property, was used for some time as a timber warehouse and gradually fell into disrepair. Historian Mehmet Dilbazi criticized the neglect of this historic building and stressed that the cultural heritage must be protected by concrete steps. Dilbaz said: "If this building is not repaired, in 20-25 years it will collapse and we will not have a chance to restore it."
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March 22, 2024

A social support program has been launched in Turkey for mothers whose children are enrolled in schools and institutes

The Government has announced the launch of a social program for women whose children are enrolled in schools and universities. Monthly support in the amount of 5,330 liras will be paid to unemployed mothers of pupils and students, as well as to those women whose social and financial condition will be determined as insufficient to the minimum subsistence level. How do I apply?Mothers whose children go to school can apply for this support through e-government e-devlet. The program aims to help families overcome financial difficulties and prevent situations that could negatively affect children's education.
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March 21, 2024

The Central Bank of Turkey raised the discount rate by 500 basis points to 50%

The Monetary Policy Committee (MPC) has made its second interest rate decision under the leadership of new Chairman Fatih Karakhan. Contrary to market expectations, the Central Bank of Turkey has decided to raise the interest rate by 500 basis points to 50%. Taking into account the deterioration of the inflation forecast, the Committee decided to raise the rate. The tight stance of monetary policy will be maintained until the underlying trend of monthly inflation decreases significantly and for a long time, and inflation expectations come closer to the forecasted range. The Central Bank's management believes that a decisive course of monetary policy will lead to a decrease in the underlying trend of monthly inflation, and disinflation will be established in the second half of 2024 due to rebalancing domestic demand, a real strengthening of the Turkish lira and an improvement in inflation expectations. The Committee plans to bring inflation to the target level of 5% in the medium term.
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March 21, 2024

The "Turkiye Tech Visa" program for digital nomads has been launched in Turkey

Information about the program was announced last year. Now everyone can submit a preliminary application and register for the T rkiye Tech Visa program on the website https://www.turkiyetechvisa.gov.tr/en / . On the website, you can apply for one of two types of visas: "start-up" - for those who want to start their own business and "talent" - for talented digital specialists. What does the T rkiye Tech Visa offer? -Work permit for a period of 3 years exclusively for T rkiye Tech Visa-Exemption from income tax and corporate tax-Comprehensive free medical care-Simplified process of obtaining a residence permit for family members of the applicant-Office opportunities in technoparks and incubation centers-Venture investments and project financing support-Mentoring and consulting support It is reported that the full launch of the program will take place within two months.
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