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March, 28th
Written by Dmitry Malkayich Global house prices rose 2.8% in 2010 according to the latest release of data from global real estate consultancy Knight Frank. While this is better than one would have expected, it does represent a slowdown from the 3.1% growth recorded in the firm’s Q3 index, and also masks some very volatile [...]
March, 25th
Written by Lesley Graham Maltese property developers and agents are calling on the government to reinstate the “Permanent Residency Program”. The scheme, which was put on hold by the government last December offers investors a series of tax incentives for investing in Malta property. The government said it was suspending the scheme so that it [...]
Written by Robert Gardner Investment firm Gerald Eve has issued a downbeat report on the prospects for investment yields in the UK property market in 2011. In the spring edition of its investment brief the firm predicts “subdued” returns of around 5.6% for the year. Head of reseach Robert Fourt said: “Whilst property returns were [...]
Written by Marium Raja Turkish national income will reach 2 trillion US Dollars by 2023 according to Prime Minister Recep Tayyip Erdogan. Speaking at the “Turkey’s Export Strategy for 2023″ meeting in Istanbul Erdogan said: “Our national income, which was around $230 billion when we took over the country’s administration, has grown by more than [...]
March, 24th
Written by Lesley Graham The booming economy in Turkey has attracted the attention of financial institutions in Luxembourg who are interested in granting funding for joint investments. A trade mission from Luxembourg has just visited Istanbul and was led by Prince Guillaume. It also included the leading European financial institutions of Allen & Overy Luxembourg, [...]
Written by Robert Gardner British low cost carrier Jet2 has announced the addition of two new routes between the UK and Faro in Portugal. The flights will start in April 2011, increasing its total capacity to more than 300,000 seats. While Europe has suffered terribly at the hands of the financial crisis and continues to [...]
Written by Lesley Graham Research figures just released by Bulgarian Properties show that the average property price increased by 200% during the last ten years. These figures have been correlated using data from the Bulgarian national Statistics and the Bulgarian Registry Agency. Prices rose steeply during the first eight years of the decade before falling [...]
March, 23rd
Written by Mikail Armchev The Turkish Prime Minister Recep Erdogan recently visited Russia with the aim of strengthening economic ties between the two countries. He met with the Russian President Dmitry Medvedev and the Russian Prime Minister Vladimir Putin to talk about the developments around the world, but the main focus was expected to be on [...]
Written by Robert Gardner The Turkish Prime Minister was speaking at the 11th Jeddah Economic Forum which took place over four days, and he urged Arab Gulf businessmen to invest in the burgeoning Turkish economy. Erdogan said that bilateral trade volume was $4.7 billion in 2010, with more than 200 Saudi companies already working in [...]
Written byNatalia Aksoy: Russian Correspondent The Russian energy company OJSC Power Machines is reported to have a pre-agreement to build four hydro electric plants in Turkey which will have a total capacity of 950MW. This represents an investment of $1 billion dollars. It will include a plant at Yusufelli Dam which will have an output [...]
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