Economy

Istanbul Canal project

Turkey will start a tender for Canal Istanbul, a mega-infrastructure project involving the construction of a 45-kilometer shipping canal in Istanbul parallel to the Bosporus Strait. It is one of Turkey's most strategic mega projects and plans to eliminate the rising risk posed by ships carrying dangerous goods through the Bosporus. The 45km canal, which will be built in the center of the European...

Increment in Turkey E-commerce

The Turkish e-commerce market is modest compared with many other European nations, but its rapid growth in sales volumes sets it apart as a country to consider. While the economic impacts of COVID-19 may affect short-term appetite for spending, the long-term direction of travel in Turkey suggests e-commerce will become an integral part of daily life. Sales on key Turkish e-commerce site GittiGidiyor...

Egypt-Turkey new Economic-political relationship

Erdogan said both Turkey and Egypt will expand the process to normalize their relations. “A new process has begun. As known, it was first launched by our intelligence organizations and followed by our foreign ministries. This process will continue to develop and expand,” he continued. A week after Erdogan’s remarks, his government asked three Istanbul-based Egyptian TV channels linked to the...

Turkey’s new crypto regulations

Bitcoin, a cryptocurrency run on a decentralized ledger known as the block chain, is often dubbed ‘digital gold’. Like many people around the world, Turks have flocked to invest in Bitcoin and are eager to make a profit. At the same time, they hope to protect their savings from inflation. Daily market transactions are estimated to be worth between $1-2 billion and use of bitcoin has increased a...

هزینه های خرید خانه در ترکیه

Costs for buying a property in Turkey

Title Deeds Transferring Tax It is between 3% to 4% of the total price. It would be split up between the buyer and the seller. Broker Commission It is between 2% – 4% for Second-Hand property and it is 0 for new property Earthquake Insurance It is a mandatory insurance which is needed while signing the title deeds. It fee is up to the property size. Military...

Turkey-Greece new economic relationship

Both Turkey and Greece are emphasizing greater trade with European Union countries. In June 2000, Greece, a European Union member since 1981, was declared ready for membership in Europe's Economic and Monetary Union (EMU) next year. The EU established a customs union with Turkey in early 1996, and Turkey is still on the waiting list to become an EU member after 2010. If Ankara's structural readjustment...

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