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UAE buys fifth largest bank in Turkey

Turkey’s Banking Regulation and Supervision Agency (BDDK) on June 28 approved the purchase of private lender Denizbank by the Emirates NBD Bank PJSC (ENBD) of United Arab Emirates.  In April, the ENBD signed an agreement with Russian lender Sberbank, owner of Denizbank, to buy 99.85% of Denizbank‘s shares for 15.48 billion Turkish liras ($2.7 billion). The acquisition period is […]

Business confidence improves in June

Business confidence in Turkey gained momentum in June from the previous month, a regular survey by the Central Bank showed on June 24. The business confidence index increased by a strong 3.6 percent on a monthly basis to touch 102.5 in June, the Central Bank said. That followed a 6.3-percent decline month-on-month in business sentiment in May. The confidence index increased every single month from January to April this year. The 100-point […]

Turkey’s Lycian Way awaits adventurers

Footpath stretching hundreds of kilometers offers glimpse of an ancient civilization, breathtaking scenery When tourism and Turkey are mentioned together, one might think about the country’s countless blue-flagged beaches and ancient sites, but it is also home to one of the world’s longest footpaths — the Lycian Way.  The Lycian Way, named after the ancient […]

Turkey’s foreign trade deficit falls 55.6% in April

Turkey’s foreign trade deficit in April fell 55.6% year-on-year, the country’s statistical authority announced on May 31. Turkish Statistical Institute (TÜİK) said the foreign trade deficit in April totaled $2.98 billion, improving from a $6.71-billion deficit a year ago. Last month, Turkey’s exports hit $14.48 billion — up 4.6% on a yearly basis — and imports dropped to $17.46 billion with an annual decline of […]

Ancient city Kilistra home to fairy chimneys

The ancient city of Kilistra, located on the historic King Road in the central Anatolian province of Konya, is drawing attention for its conical rock formations which resemble “fairy chimneys” found in Cappadocia. Like Cappadocia, the ancient city was home to Christian communities and historical buildings, including a cross-planned chapel, hyacinth church, large water cistern, churches, monasteries, watchtowers, shelters and ancient roads. The remains of […]

Sweet-smelling flowers of Isparta lure tourists

The southwestern province of Isparta boasts some of the most beautiful floral scents in the world, courtesy of its famous rose gardens and fields of lilies and lavender that lure tourists to the city, where visitors can experience rose season from spring until summer Known for its beautiful roses, the Turkish city of Isparta is […]

Expat job hunt: How to find jobs in Turkey

Moving to a new country and starting from scratch is never easy, but the hardest part is finding a job, which can be challenging but manageable with a little help It is a hard task to start a new life abroad and even harder to find a job to sustain yourself in a country where […]

Sivas ‘hobbit houses’ a springtime attraction for tourists

With spring in the air, the Hobbit Houses in Central Anatolian’s Sivas have started to attract tourists from all around the world. The houses are inspired by the Hobbit holes depicted in the acclaimed film series, “The Lord of The Rings.” Built on a hillside, the houses in Sivas look exactly like those in the […]

Turkey lifts limit for university admission for foreigners

Turkey’s top university authority announced yesterday that the limitations on the number of foreign students seeking to study in Turkish universities has been abolished. Thus, universities will be able to expand their 50 percent quota for foreign students, a positive move in the government’s drive to make Turkey an education hub in the Middle East […]

Cargo giants applied for spots at new Istanbul airport: Minister

The largest cargo companies in the world are in a rush to secure spots at Istanbul’s new airport in-making, according to Turkish Transport Minister Ahmet Arslan. The new Istanbul airport, which will open on Oct. 29, will become a center for transportation along with passenger traffic, the minister told state-run Anadolu Agency in a recent interview.  The first phase of the airport on the northern part […]

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