News

December 13, 2023

Istanbul newlyweds will be given financial assistance of 7000 liras

Istanbul Municipality has announced 7,000 liras in support of newlyweds. Istanbul Mayor Ekrem Imamoglu said on social media that 7,135 couples have received marriage support and that the practice will continue. The mayor said that it is possible to apply for the support through the "Istanbul is Yours" ("İstanbul Senin") app. Conditions:
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December 12, 2023

A black day in the history of Turkish soccer

These are the headlines that can be seen in all Turkish media today. The reason for this was an unprecedented incident at a soccer match between Rizespor and Ankarag c . At the end of the match, Ankarag c club president Faruk Koja ran onto the pitch and hit the referee in the face with his fist, who fell to the lawn. Other soccer players joined the beating. The team members were unhappy that referee Halil Umut Meler did not count the goal scored by Ankarag c and later removed one player from the field.
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December 12, 2023

CBR TURKEY: Current account balance gave a surplus in October as well

The Central Bank of the Republic of Turkey published the balance of payments statistics for October. This is the third time this year that the Turkish economy has seen a current account surplus. The current account balance, which produced a surplus in June 2023 for the first time since June 2021, produced a deficit of $5.4 billion in July and $619 million in August. In September, the current account balance, which gave the largest surplus in the last 2 years was $1.8 billion, recorded a surplus of $186 million in October.
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December 12, 2023

Important changes in the issue of obtaining Turkish citizenship

As of today, the Regulation, according to which a foreign citizen can no longer apply for Turkish citizenship when buying a plot of land worth 400 thousand dollars. In order to obtain citizenship on the land plot there must be a building (building, condominium, etc.). The purpose of the innovation is to increase the number of sales of residential real estate, as sales of land plots already have high rates. Thus, from 12.12.2023, it will be possible to obtain Turkish citizenship only by purchasing residential or commercial real estate.
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December 11, 2023

Will Turkey issue "golden visas"?

Emrullah Yedikardesh, Chief Executive Officer of Karmar A.Ş., stated that changes are needed regarding the right of residence and citizenship for foreigners. According to him, 3 steps are needed at the moment to attract qualified foreign investors and commercial investments, namely: increasing the amount of investment to obtain a residence permit to 200 thousand dollars, increasing investment in real estate to 750 thousand dollars to obtain citizenship and granting golden visas to investors in exchange for investment of 300 thousand dollars without granting citizenship but with the right to work.
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December 11, 2023

Erdogan: Istanbul's housing stock will be completely renewed in 5 years

The President stated that 350 thousand new buildings will be erected in Istanbul every year. Buildings that do not meet safety requirements will be demolished, some buildings will be strengthened and reconstructed. Thus, it is planned to completely renovate the housing stock of the metropolis within 5 years, making all buildings reliable and resistant to earthquakes.
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December 11, 2023

A ski resort will be built in Ordu in Turkey

The Ministry of Youth and Sports has approved the G ndeli Hill ski resort project in Ordu. The province already has a ski resort, Cembaşı. The second ski center will be located closest to the sea and will occupy an area of 4 thousand hectares in Kabad z district on G ndeli Hill at an altitude of 2,730 meters above sea level. There will be 120 kilometers of trails on the territory. The project will be designed to receive 70 thousand people a day, will include various tourist facilities, hotels and 9 elevators. The distance to the center of Ordu is 65 km, to the airport - 85 km.
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December 11, 2023

TURKEY: 5th International Marathon in Mersin

The 5th International Marathon under the slogan "Everyone Runs to Mersin" was held in Mersin yesterday, organized by the capital's municipality. The race was attended by 1,696 runners from 25 countries and hundreds of citizens. The marathon was classified as "Elite Label" by the World Athletics Association. Kenyan Benard Kipkorir, winner of the men's 42km marathon, broke the course record in Mersin and had the second best time in Turkey. Women's 42km marathon winner Ruth Jebet not only broke the course record in Mersin, but also surpassed the Olympic threshold and qualified for the quota for the 2024 Summer Olympics in Paris. In the women's 10km race, Anastasia Nikolaeva took third place with a time of 41 minutes and 7 seconds, while in the men's 10km race, Stanislav Ageljarov was second with a time of 30 minutes and 22 seconds.
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December 9, 2023

New era in relations with Greece and 7-day visa-free visit to Greek islands for Turkish citizens

President Recep Tayyip Erdoğan visited Athens to attend the fifth meeting of the Turkey-Greece High Level Cooperation Council. During the visit, the Athens Declaration on Friendly Relations and Good Neighborliness was signed. The declaration aims to boost bilateral relations through the existing institutional mechanisms. It should be noted that Erdogan last visited Greece in 2017. During the visit, Erdogan met with Greek President Katerina Sakelaropoulou and Greek Prime Minister Kyriakos Mitsotakis. Below are the main talking points of the meeting: Erdogan: We had extremely useful meetings, we discussed many burning topics and we plan to get together at least once a year.
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December 9, 2023

"Pobeda launches new flights to Turkey

The airline will launch daily flights Moscow (Sheremetyevo) - Antalya from March 31, 2024. Flights to Antalya from Moscow (Vnukovo), Stavropol, Vladikavkaz, Volgograd, Yekaterinburg, Kazan and Makhachkala will also be added to the summer flight schedule. In addition, from April 2, Istanbul-Stavropol flights will be operated on Tuesdays and Saturdays.
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December 8, 2023

Istanbul is the province with the highest GDP share in 2022 Kocaeli is the province in Turkey with the highest per capita income in 2022

The Turkish Statistical Institute (TURKSTAT) has released gross domestic product data by province for 2022. Istanbul became the province with the highest share of GDP with 4 trillion. 564 m.lrd 280 million liras, accounting for 30.4 percent of the total income. It is followed by Ankara with 1 trillion. 329 billion 810 million liras and a share of 8.9 % and Izmir with 972 billion 238 million liras and a share of 6.5 %. The five provinces with the highest share of GDP accounted for 53.9 percent of all revenues in 2022. Tunceli, Ardahan and Bayburt provinces were at the end of the list.
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December 8, 2023

March 31, 2024: Municipal elections in Turkey

Municipal elections will be held throughout the country on March 31, 2024, but all parties have already started their election campaigns. The upcoming elections are of great importance to the ruling party led by the Turkish president, as Istanbul, Ankara, Izmir and several other major cities in the country are ruled by opposition mayors. It is clear that the Justice and Development Party (Turkish: AKP) will try to return to power in these most important metropolitan areas of the country.
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