Tag #Wine Investment

What were the most significant events shaping Turkey's food and beverage scene in 2024?

In 2024, a surge in gastronomy festivals, conferences, and awards ceremonies occurred in Turkey, often lacking genuine culinary merit and marked by questionable spending, such as a newly built center's 25 million lira purchase of meat before even having a kitchen.", "Simultaneously, Turkish investors significantly expanded their presence in European wine regions, notably Lucien Arkas's acquisition of a 1,150-acre estate in Tuscany and several others purchasing vineyards in France.", "The rise of Turkish spirits production abroad, driven by restrictive domestic regulations, highlights a burgeoning industry hindered by local laws that require a minimum production capacity of 1 million liters to operate legally, prompting calls for regulatory reform.