The European Bank for Reconstruction and Development (EBRD) expects Türkiye to experience stronger economic growth this year than previously expected. The EBRD raised its forecast to 3.5 percent from 2.5 percent in May, according to its published Regional Economic Prospects Report. The bank forecasts growth of 3 percent for 2024.
The EBRD justified the increase with the strong growth of the Turkish economy in the first half of the year, boosted by stimulus measures ahead of the June elections. EBRD regional chief economist Rafik Selim told the AA news agency that the Turkish government’s new economic measures had led to an influx of foreign capital, indicating a return of foreign investors and helping to restore the country’s foreign exchange reserves.
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Al-Active Newsletter 10.2023
Dear customers and interested parties, We look forward to welcoming you again this month. While the first rainy seasons have begun in Europe, Alanya is still enjoying the beautiful weather here... the temperatures are really pleasant, as is the water temperature from the sea. Many…
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Private Real Estate Sales
There have been laws in Turkey for some time that only allow you to market and sell your own real estate without involving a licensed real estate company. This has now been made more concrete and violations will be punishable from November 1st, 2023. Private…
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67 districts most likely to become provinces
A total of 67 districts, each inhabited by over 100,000 residents and positioned at a minimum distance of 30 kilometers from the city center, could be set to become provinces, according to the Turkish Chamber of Survey and Cadastre Engineers (HKMO). In particular, Manavgat and…
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EBRD supports reconstruction in the Turkish earthquake zone
The European Bank for Reconstruction and Development (EBRD) wants to support small and medium-sized enterprises (SMEs) in the Turkish earthquake zone. To this end, the EBRD has launched an aid program worth 1.5 billion euros. The aim of the program is to support companies in…
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Tropical Fruit Festival: Avocado and Mango
The “Tropical Fruit Festival” organized by the Alanya Municipality is taking place for the second time. From October 6th to 8th, 2023, the products grown on the fertile fields of Alanya will be presented on the premises of the Alanya Municipality. This year the festival's…
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Time change 2023
On the night of October 28th, 2023 to October 29th, 2023 the clocks will be changed again in Europe. To do this, the clock is turned back at three o'clock to two o'clock. This is how summer time ends and winter time begins. This means…
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Cultural & Sports in October/November in Alanya:
10/08/2023 TTF beach soccer league in Alanya 10/13/ - 10/22/2023 ALANYA BOOK DAYS 10/14/ - 10/15/2023 EUROPEAN TRIATHLON CUP AND JUNIOR CUP ALANYA 10/29/ – 10/30/2023 5th Alanya Sport Fishing Tournament 11/01 – 11/30/2023 STONE SCULPTURE SYMPOSIUM 11/05/2023 MLO STRONGMAN CHAMPIONS LEAGUE WORLD SERIES FINAL
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Municipality to promote tropical fruit production
In a bid to promote agricultural development and increase tropical fruit diversity, a project named "Hobby Garden and Tropical Fruit Promotion Center" has been initiated in the southern province of Antalya’s Alanya district. The center is built on an area of 77,000 square meters, and…
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