The World Bank acknowledged positive signals from the Turkish economy, but urged patience for the reform to be fully effective. Humberto Lopez, World Bank director for Turkey, said the full impact of Ankara’s current monetary policy measures will only become apparent over time.In a conversation on the sidelines of the UN climate conference COP28 in the United Arab Emirates (UAE), Lopez emphasized that support for Turkey’s economic policy does not only come from the World Bank. He pointed to positive changes in the credit outlook from rating agencies and financial institutions such as S&P, Deutsche Bank and JP Morgan.“Some rating agencies have already changed the outlook for Turkey from negative to neutral,” he said. Lopez emphasized that this is also related to the optimistic forecasts of some investment funds.Lopez highlighted that credit swaps for Turkey are now below 350 basis points. This is a significant decline from over 550 basis points six months ago and indicates an improved risk assessment in the country.
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Al-Active Newsletter 02.2024
Dear customers, interested parties, friends We look forward to welcoming you again this month. The long rainy season in Alanya has given nature a lot of refreshment, and the rainy season is slowly calming down. We are of course happy for every drop that…
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Real estate loans for foreigners in Turkey
An opportunity for foreigners to buy an apartment with loans: Denizbank has started issuing real estate loans to foreigners. The loan is provided with a maximum term of 5 years and a monthly interest rate of 1.25% for Euro or USD loans. The loan amount…
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Vehicle and property tax 2024
We would like to remind you that you have to pay the taxes for your vehicle and the property tax for your property. You should pay the property tax in person at the tax office (Vergi Dairesi) in Alanya; the vehicle tax can also be…
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Rental of holiday properties in Turkey
On January 1st, 2024, a new law came into force that regulates the rental of holiday properties. Any rental period that is less than 100 days in a row is considered a vacation rental. If you want to rent out your property as a holiday…
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Real estate prices
The market has consolidated and stagnated a little and is not like it was a year ago. There are many reasons for this, an important one is certainly Ikamet (Turkish Residency).After the local elections on March 31, 2024, in which new mayors will be elected…
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WRW24 – WILL BE HELD IN TURKEY FOR THE FIRST TIME
At the opening of the World Team Walking Championships, it was announced that the senior women's and men's 20 km, the U20 women's and men's 10 km, will be held in Turkey for the first time, and the marathon Mixed relay walking competition will take…
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Türkiye wants to significantly increase natural gas storage capacity
Turkey wants to increase its natural gas storage capacity to 14.4 billion cubic meters (bcm) by 2028. To achieve this, the capacities of the natural gas storage facilities in Silivri and Tuz Gölü are to be expanded. This would mean that Turkey would have the…
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TURKISH CYCLING CUP: 1st STAGE OF THE ROAD RACE WITH SCORING IS COMPLETED
The points road race of the 1st stage of the Turkish Cycling Cup, hosted by the Turkish Cycling Federation in Alanya for two days, was completed with the participation of almost 200 athletes.In the first stage of the Turkish Cycling Cup, athletes competed in the…
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Ankara and London sign billion-dollar contract for railway line
Turkey and Great Britain have signed a 1.2 billion Euro financing agreement for a new railway line in central Anatolia. The amount is intended to support the construction of the new railway line between the province of Kayseri and the small town of Yerköy in…