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Turkish government introduces sharp tax rises

28th September 2017 The government has introduced significant rises in a number of taxes, including a 40 percent rise in personal cars, in line with the new medium-term economic program unveiled on Sept. 27. Finance Minister Naci Ağbal said a draft would be sent to parliament soon to raise corporate taxes in the...
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House sales to foreigners up by 11.4 pct in August

26th September 2017 House sales to foreign buyers rose by 11.4 percent in August, reaching 1,684, compared to the same month the previous year, the Turkish Statistical Institute (TurkStat) said yesterday.
According to the national statistical institute data, the number of residential properties sold in Turkey...
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Turkey eyes $7.5B in healthcare tourism next year

25th September 2017 As an ambitious competitor, Turkey is eyeing a larger share in global health tourism as sector representatives hope to generate revenue of $7.5 billion next year.
Founding Chair of Turkish Healthcare Travel Council (THTC) Emin Çakmak noted that Turkey has positioned itself as the rising...
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Turkey’s tourism needs long time to fully recover, says research firm

19th September 2017 Turkey’s tourism sector needs many years to fully recover in case any negative development breaks out, a leading tourism research company has said, adding that Spain and Portugal benefited most from Turkey’s plunge.The research firm STR Global carried out an assessment on Turkey’s...
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Turkish Lira hits 9-month high as GDP growth rate announced at 5.1 percent

12th September 2017 The Turkish currency continued its recovery against the U.S. dollar on Sept. 11, after the country’s official statistics authority announced soaring economic growth.      The dollar/lira exchange rate dropped to 3.3986 at around 11 a.m. local time (08:00GMT), down from...
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Muğla, Antalya beaches the best in Turkey

5th September 2017 Turkey’s two world famous tourism spots, the southern province of Antalya and the western province of Muğla, are like haven for holiday goers with their beaches and coves. A well-known German online hotel reservation website marked Altınkum beach in İzmir’s Çeşme, Ayazma in...
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Heavy penalties imposed for owners of daily rental apartments in Istanbul

5th September 2017 Some 10 million Turkish Liras were collected up to Aug. 15 this year in fines imposed on apartments unofficially available for daily rental across Istanbul, and 1,683 such apartments were “red tagged,” according to the Istanbul Directorate of Culture and Tourism.Daily rental houses,...
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