Turkey Financial News

Posted by meb at April 26th, 2009

An international defense industry fair will open in the Turkish city of İstanbul on Monday.

The International Defense Industry Fair (IDEF’09) will be inaugurated at the TUYAP Fair, Convention and Congress Center in İstanbul.

Leading defense industry firms in Turkey and the world will participate in the fair to stay open till April 30. (more…)

Posted by meb at March 20th, 2009

Turkish Minister of Culture and Tourism Ertuğrul Günay said on Wednesday that despite the ongoing global financial crisis, he expected no change in the number of Russian tourists visiting Turkey in 2009 compared to last year.

Speaking at a press conference held at the Moscow International Travel & Tourism Exhibition (MITT), the minister said: “Relations between Turkey and Russia continue to grow in all fields. Tourism and cultural relations with Russia are developing in a positive direction.” (more…)

Posted by meb at March 15th, 2009

Some 2,000 businessmen from Turkish businesses abroad will be gathering in Istanbul for a two-day meeting aiming to increase Turkish exports.

“With the Turkish businessmen working abroad, we will show a united front against the global economic crisis,” said State Minister Kürşad Tüzmen on Sunday.

“There will be a large meeting in Istanbul on April 10 and 11. We will meet with 2,000 Turkish businessmen and entrepreneurs living abroad. Local businessmen will also attend this meeting. This meeting, which was organized in collaboration with the Undersecretariat for Foreign Trade, or DTM, and Foreign Economic Relations Council, or DEİK, will help us make some decisions that have the utmost importance for the participating companies as well as the Turkish economy,” Tüzmen said. (more…)

Posted by meb at March 15th, 2009

The jewelry industry of Turkey needs the government to ease taxes on jewelry sales in order to weather the crisis with minimum damage. Annulling the 20 percent private consumption tax implemented on diamond sales would be quite beneficial also for the government, says Alaattin Kameroğlu, chairman of the Istanbul Chamber of Jewelry

Nearly 2,000 jewelry shops have had to pull down their shutters since the beginning of the global economic crisis. The valuable stones and metal industry worth $10 billion is currently trying to revive domestic demand in order to survive the negative climate. (more…)

Posted by meb at March 15th, 2009

TUI Türkiye, the Turkish branch of TUI Travel PLC, one of the world’s leading international leisure travel groups, is fostering interest in the Turkish tourism industry by improving the quality and enhancing the content of its services, which explains the ever-rising demand for the company’s services from customers worldwide, even during the prevailing uncertainty that is mostly attributed to the ongoing global financial crisis. (more…)

Posted by meb at March 10th, 2009

The Turkish Ministry of Culture and Tourism is attending the world’s largest travel and trade fair, the International Tourism Bourse (ITB) Berlin, which begins today.

With the slogan “The perfect holiday starts here,” the fair offers an excellent opportunity for travel industry representatives to come together. With 11,147 exhibitors, comprising 8,540 foreign and 2,607 German parties, ITB Berlin 2009 is being held on 160,000 square meters of floor space at the Messe Berlin fairgrounds. Almost 180,000 visitors have already registered to attend the fair, which runs through March 15. In order to make the fair as convenient as possible for visitors, organizers have arranged market segments thematically so visitors will have no problem finding their way within the enormous fair space. Market segments that are expected to be particularly popular include among others culture tourism, travel technology, health tourism and cruises. (more…)

Posted by meb at February 11th, 2009

Conference tourism has also been hit by the global turmoil, says Talha Çamaş, who has much experience in the sector. The attendance to the next few conferences, including the International Monetary Fund and the Fifth World Water Forum meetings, is expected to drop, he says.

Conference tourism suffers in Turkey The global crisis is shaping the travel preferences of tourists, according to a prominent figure in conference tourism in Istanbul, who says the situation is also affecting the activity of international conferences. (more…)

Posted by meb at November 21st, 2008

Turkey is taking bold action to increase its $400 million share in the health tourism sector, currently standing at $120 billion.

Considering that mainstream tourism options need to be diversified in Turkey, sector representatives are seeking to make sure that visitors choose Turkey not only for its sand and sun, but also for its enticing health offers. To this end, 23 institutions will jointly hold Turkey’s first health tourism fair in Antalya, from Feb. 26-March 1, 2009.

The primary goal of the ANFAŞ (Antalya Exhibition Center Company) Hetex Health Tourism Fair, where specialized institutions from 105 countries will be invited, is to increase Turkey’s share in the field to $1 billion. Meanwhile, Turkish companies view Europe, as well as the US, as an important market for health tourism considering that 46 million people are not covered by insurance in the US. Health tourism offers include eye and dental examinations and plastic surgery. (more…)