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Without requiring evidence of a coronavirus vaccine, Turkey will welcome British tourists into the country. Minister of Tourism Mehmet Ersoy also said that UK travellers would not probably require a negative COVID test. Mr Ersoy said Turkey would not require a vaccine passport for international tourists and that the country “seeks to receive British tourists with open arms,” in contrast to Greece and Cyprus who want holidaymakers vaccinated against the virus. It comes at a time of at least one dose of vaccine has been delivered to over 23 million people in the UK. He said, “We have world-class border processes in place for ensuring travel will be low-risk throughout Turkey. We are working with the British authorities to ensure these necessary processes are world class and as up to date as possible. “We will not require vaccination passports from international travellers when entering the country.” Turkey will also re-assess after 15 April whether visitors should continue to produce evidence of a negative PCR test within 72 hours of departure. Mr. Ersoy said, “I expect there will be no such requirement from British visitors as the UK Government is rapidly and impressively rolling out the vaccination programme for the whole nation, …
New regulations concerning financing for housing and vehicle sales were published in the Official Gazette on March 7. Turkey now has new rules governing its interest-free markets. In the Turkish economy there are already over 300,000 customers who are desperate to avoid being charged sky-high interest rates. The Turkish parliament has recently passed the bill that has authorised the development of an expanding financial system. Following the implementation of the “savings financing system” savings companies could do business in Turkey. However, this system has failed to see much usage due to limited official regulation of creditors. It has benefited from low mortgage rates, which have permitted housing and construction booms recently. However, it has started to show signs of weakness since September 2020 because of the recent double-digit inflation. The percentage of properties which were financed with mortgages accounted for only 15% in January 2021, compared to 57% in July 2020. Turkey’s benchmark interest rate of 17 per cent makes it the highest in any advanced or developing economy The new regulations, loosely based on Islamic financing principles, is expected to attract a wave of new customers. In addition to the terms of the principal of the loan agreement, customers …
To learn about Turkey is to delve into one of the friendliest and most beautiful places on earth. Many people love Turkey for its stunning coastlines, glorious weather, and affordable property prices.
