Category: Economy and Tourism

After two years of the COVID-19 pandemic, people, as well as our whole societies and economies, have suffered enough. We cannot afford for this to continue. We must rebuild and look to the future with hope, not fear. Peace and mutual understanding are essential ingredients for recovery. Now is the time to work together, and […]

Aviation body IATA has reported a “sharp” increase in the numbers of international air tickets sold in recent weeks as governments relax Covid-19 travel rules. In the period around February 8, the number of tickets sold was 49% of the same period in 2019 – up from 38% for the period around January 25 (seven-day […]

The European Travel Commission (ETC) predicts tourist arrivals to be just 20% below pre-pandemic levels this year in spite of numerous challenges still facing the sector. While Omicron is expected to stifle recovery of Europe’s travel sector in the first quarter of 2022, the travel outlook as a whole remains positive. Domestic travel is expected […]

The impact of climate change can be felt in Turkey, especially after recent unusual weather incidents. Experts say more is in store for the country in terms of rising temperatures. The country’s usually warm Aegean and Mediterranean regions, in particular, will experience a further increase in temperatures during the summer. Professor Doğanay Tolunay, a climate […]

Turkey announced a significant reduction in taxes on basic food supplies Saturday to counter soaring inflation while also unveiling a new credit guarantee fund package and a new model to bring “under-the-mattress” gold into the economy. President Recep Tayyip Erdoğan said the value-added tax (VAT) would be lowered to 1% from 8% on dairy products, […]

Istanbul’s mega airport on the metropolis’ European side received the Airport of the Year award for the second time in a row at the Air Transport Awards, one of the most prestigious honors in the global aviation industry. Kadri Samsunlu, the CEO of Istanbul Airport’s operator IGA, said the fact that they received the “valuable […]