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Turkish parliament passes law eliminating VAT for foreign property buyers

27th February 2017 Turkey’s parliament has approved an omnibus law which introduced an exemption of 18 percent of value-added tax (VAT) for foreigners who invest in real estate in Turkey. The law, which was passed by parliament late on Feb. 23, will also be applicable to Turks who live and work abroad for...
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Turkish lira rebounds thanks to central bank actions

21st February 2017 The Central Bank of the Republic of Turkey (CBRT), which has been making proactive moves since Jan. 12, has apparently reduced the volatility in the exchange rates, as it became the most important actor in the Turkish lira's (TL) appreciation against the dollar by 8.3 percent. The CBRT's ongoing...
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Antalya dives into tourist season with new submarine attraction

19th February 2017 Antalya Governor Münir Karaloğlu made a trial dive with the new touristic submarine "Nemo Primero" in Antalya.
During its inaugural dive, the submarine went 20 meters under the sea near "Rat Island" off the shore of the Turkish Mediterranean city of Antalya.
Governor Karaloğlu along...
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Turkey headed to be 'entrepreneurship center'

14th February 2017 ISTANBUL
Turkey is fast on its way to becoming an attractive hub for entrepreneurs, according to the head of Turk Telekom -- Turkey’s only integrated telecommunications service provider -- on Monday. 
"Thanks to the government’s actions to support the expansion of the...
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Over 2.6 mln Turks make early bookings for holidays in Turkey in 3 months

13th February 2017 More than 2.6 million Turks have made early bookings for their 2017 holidays in the country in just three months, a leading tourism representative said, adding that the figure was expected to surpass 5 million in the upcoming months. Sector representatives say the reason behind the...
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Turkish lira hits 4-week high against US dollar

7th February 2017 ANKARA
The Turkish lira advanced to a four-week high against the U.S. dollar on Monday.
The dollar started the day by losing ground against the lira; the exchange rate decreased by 0.67 percent to reach 3.6702.
The exchange rate had hovered between 3.71 and 3.69 over the past two days and...
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