On Dec. 15, 2011, a most anticipated law was enacted. Parliament approved a new bill regarding exemption from military service in lieu of payment, which enables men who are 30 years old and older to skip military service in exchange for TL 30,000. According to “The Bill Amending the Law on Military Service,” men who [...]
This week I have taken the liberty of writing about my own complaints regarding a new procedure that makes life more difficult for nothing. The heading above is inspired by expats’ complaints regarding local regulations, which are already difficult for foreigners to understand. I want to let you know that you are not alone in [...]
Turkey will increase its exports to $500 billion by 2023, the country’s prime minister announced Monday at a conference that brought together Turkish trade counselors stationed in 85 countries to discuss boosting the country’s exports. “We will increase our exports by four times, making it $500 billion in 12 years. Turkey’s Assembly of Exporters has [...]
A book introducing Turkey’s economy, politics and culture to the world has been prepared by the General Directorate of Press & Information, or BYEGM, and published in 11 languages as of this year. The book, titled “Turkey,” aims to provide an introduction to the country’s constitutional and legal order, political and democratic structure, essential principles, [...]
The Dubai Police have foiled an attempt to smuggle a big shipment of arms from Turkey to Yemen’s northern province of Saada. Commander-in-Chief of Dubai Police Lt-General Dhahi Khalfan Tamim said that 16,000 pistols were seized from a warehouse on March 9. Six Arab suspects, all of whom residents in Dubai, were arrested during the raid, [...]
Turkish Airlines’ 2010 consolidated financial statements were reported to Istanbul Stock Exchange… Turkish Airlines has increased its capacity inline with its growth strategy for 2010 and years ahead thus secured passenger growth. In 2010 Available Seat Kilometer (ASK) increased by 15 percent and Revenue Passenger Kilometer (RPK) increased by 20 percent. The number of passengers [...]
The Turkish government Monday objected to the idea of military intervention by NATO forces in Libya, stating that such an action would not help in finding a solution in that country. Speaking at a two-day Leaders of Change Summit in Istanbul Convention Center, Turkish Prime Minister Recep Tayyip Erdogan said: “We see that outside intervention, [...]
Turkey is entering campaign season, with prospective deputies emerging and many public officials handing in their resignations as required by Turkish law to be able to run for Parliament. It is hoped that the political parties that have begun with their campaign promises will be able to fulfill them in the event of their coming [...]
Moving to Turkey and you want to know all about this matter right now? I recently answered a question about transfer of property and explained conditions and procedures regarding the acquisition and transfer of property. Today, we have another question relating to property law and, in particular, obtaining a residence permit and loss of a [...]
l am against smoking, simple as that. Smoking is the most common reason for me to end a friendship with someone. I simply cannot understand the concept of smoking. To me, disturbing people by smoking tobacco or by burning a stack of paper is the same nonsense. Smoking tobacco is one of the most disrespectful [...]
Belek, in the Antalya region of Turkey, to host International Golf Travel Market (IGTM) 2011 International Golf Travel Market ( IGTM ) has announced that Belek , in the Antalya region of Turkey , will host the 14th edition of the worlds premier global event for golf tourism suppliers, buyers and media, from November 14-17, [...]
Coincidentally, a group of us were discussing, ahead of a round at our local course yesterday, the burgeoning reputation of Turkey as a golf destination. Some had already experienced it and spoke highly of the 17 courses and the quality hotels that served the Belek region. One even remembered playing The National course when it [...]
According to new figures released by UK market research agency, GfK, Brits embarking on beach holidays seem to favour Turkish beaches above all others. GfK’s figures were released ahead of the World Travel Market, which is set to be held in London mid-November. The figures have also shown that Turkey is one of the top [...]
Going to Turkey on your next vacation? Here are just a few things you absolutely must do and see while visiting the ancient city of Istanbul. The Grand Bazaar – The Grand Bazaar is one of the world’s oldest covered markets, having been established in 1461. There are over 1200 shops making this one of [...]
Corporate debt securities are key instruments to create alternative resources and discard asset-liability mismatch problems for corporations. However, the Turkish corporate debt securities market has not prospered due to inconveniences created by the high inflation and high interest rates arising out of local macroeconomic instability, political instability and legal obstacles until recently. In the last [...]
