Turkey raises VAT on boats and yachts

Turkey increased the rate of VAT (value-added tax) rate on the sale of new yachts in from 1% to 18% last month. The country is currently facing its highest rate of inflation in 20 years, rising to 54.4% in February. This is due to a decline in the value of the Turkish...

GORI Propeller Expand Range of 3 Blade Folding Propellers

GORI Propeller A/S is expanding their line of performance 3-blade folding propellers, to include a model specifically for saildrive units. “Customers are seeking greater efficiencies,” comments Lars Østergaard, Senior Vice President Sales comments on the reasoning for...