INVESTING &
DOING BUSINESS
IN TURKEY
At the beginning of the last decade, the Government of Turkey, in awareness of world trends, initiated the process of the integration of the Turkish economy into the world market system by radical economic reforms which include, among others, the promotion of direct foreign capital investments.
After a decade of persistent economic reforms, which have started to bear fruit, Turkey feels better positioned in the changing world. As the utility of its strategic location between hostile blocks is reduced by the ending of the cold war, Turkey has yet more to offer as an economically and politically sound base at the heart of the world's most rapidly expanding markets.
WHY TURKEY & WHY NOW : More than at any other time in the past few decades Turkey can play a pivotal role in advancing the Israeli-Palestinian peace process and become a major political and economic force in the Middle East. Unlike the European nations and even the United States, Turkey enjoys good relations with all the major players in the region. To achieve this it improved its relations with Iran, settled a conflict concerning water with Syria, refrained from being dragged into the war in Iraq, opened a new and hopeful dialogue with its own Kurdish minority, dramatically expanded economic trade and military cooperation with Israel and became directly involved in Palestinian economic development. / Dr. Alon Ben-Meir / TDN Guest Writer/ 14.10.2006...
BUSINESS OPPORTUNITIES IN TURKEY : The privatisation programme constitutes an occasion for investors to take a place a in the dynamic market of more than 70 million consumers.
Among the public assets announced as due to be privatised recently, was Tekel, the conglomerate specialising in the manufacturing of cigarettes as well as participation in the oil refiner Tupras, in the petrochemical group Petkim and in the sugar refiner Turk Seker. But in total, the public sector still remains largely dominant. Several operations are yet to come which will liberalise more widely the telecommunications, energy and even finance sectors. Providing more medium term opportunities for foreign investors... further reading / ANIMA GROUP
FOREIGN INVESTORS have already made sizeable investments in various sectors in Turkey such as agribusiness, food, textiles, machinery, automotives, chemicals, electronics, cement, tourism, banking and others. Turkey offers many advantages to foreign investors: its large domestic market of approx. 70 million people desiring high quality products; a qualified manual and technical labor force with low labor costs and high productivity; developed utility and transportation facilities along with a geographic and economic location close to nearby major markets of the world are only some of the many advantages.
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