Tourism on the up in Turkey
Tourist numbers to Turkey are forecast to grow through 2006. Tourism and Culture Minister Atilla Koc predicted 'above 21 million' compared with last year's total of 20.5 million visitors The original aim for 2006 was to attract 26 million tourists, and even though this now seems unrealistic, the fact that numbers are still improving even [...]
Property in Turkey benefits from launch of thermal tourism plans.
Government seeks to attract up to 30 million visitors Thermal resources could be worth up to £8 billion The Turkish government has launched a new plan to increase its revenues from thermal tourism visits to the country's numerous thermal sites, reputed for millennia to have therapeutic properties. According to the Turkish Culture and Tourism Ministry, [...]
The Euro, a market commentary
As widely expected the ECB raised interest rates by 25bps to 3.25% when they concluded their monthly meeting in October. This comes despite EU inflation falling in September to its lowest level since March 2003, 1.8% y/y, and below the ECB 2.00% target level. The ECB are still in a process of returning their rates [...]
Turkey tourism on the up across all seasons.
Turkey attracts foreign tourists in almost all seasons because of its geography. Turkey also ranks 8th in the world in tourism revenues with $18, 2 billion dollars. According to statistics, middle class tourists prefer Turkey. About 73 percent of the 12,7 million tourists who entered Turkey over the last nine months are from the middle-class, [...]
GDP growth and macroeconomic stability
Bulgaria's EU entry meant prosperity, security and solidarity for Bulgarian businesses, head of the Confederation of Employers and Industrialists in Bulgaria (CEIB) Ivo Prokopiev said during a meeting with diplomats from EU member states. CEIB presented on January 16 its views on economic and political priorities for Bulgaria after the country's EU entry, Focus news [...]