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rss 02-11-15

Turkish Retail Continues to Grow

 

Good news for both retailers and investors as the Turkish retail sector continues to expand. Total household spending is predicted to increase by around 5% in the period from 2016-2019. This presents a whole range of opportunities according to …

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TurkeyEstablished Tourism

Tourism is a significant factor in Turkey’s success. The country is among the world’s most popular tourism destinations and continues to maintain its position as one of the fastest-growing tourism markets in the world.

2015 is set to be another great year for Turkish tourism. Statistics from 2014 show the number of tourists visiting from outside Turkey rose to a record high of 36.8 million. This is a significant improvement on the previous year which showed international visitors to number 34.9 million. This increase of 5.5% illustrates substantial levels of growth taking place. Further to this are those 5 million Turkish citizens living outside Turkey who visit every year and the almost unquantifiable internal tourism of Turkish citizens holidaying in their own country. It is estimated tourism accounts for approaching $40 billion into the Turkish economy.