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Investment Zones

There are three types of special investment zones in Turkey: 1. Technology Development Zones - Technoparks Technology Development Zones (TDZ*) are areas designed to support R&D activities and attract investments in high-technology fields. There are 63 TDZs of which 50 are operational and 13 have been approved and are currently under construction. Advantages of TDZs…

Turkey is located in the GMT+2 time zone that enables it to communicate with both eastern and western countries in the same working day. Population The demographics of Turkey’s population have a positive impact on the country’s economy, representing a window of opportunity in many respects. The young and well-educated population of Turkey is considered…

Regulatory and supervisory authorities are established in order to regulate different types of markets, and to supervise and monitor market activities in accordance with these regulations or malfunctions that may occur. Some of the important entities in Turkey are as follows: the Competition Authority, the Energy Market Regulation Authority, the Banking Regulation and Supervision Authority,…

Energy Infrastructure Turkey has increased its installed power capacity for electricity generation to 73,147 MW in 2015, up from 38,843 MW in 2005. The sector anticipates increasing growth in order to meet the government target of 120,000 MW of installed power by 2023, the centennial celebration of the Republic of Turkey. Source: Turkish Electricity Transmission…

Fiscal discipline and a tight fiscal policy continue to be the main pillars of Turkey's economic program, and both have contributed substantially to disinflation, as well as to the strong growth performance. In addition to its sound macroeconomic policies, Turkey has implemented a comprehensive and far-reaching structural reform agenda. Compared with the experiences of other…

FDI Inflow to Turkey (USD billion) Source: Central Bank of the Republic of Turkey FDI Inflow to Turkey by Year *Loans that companies with foreign capital are given by foreign partners Source: Central Bank of the Republic of Turkey FDI Inflow to Turkey by Sector During the last five years, the intermediation and manufacturing sectors…

In 2014, Turkey’s exports reached an all-time high; hitting approximately USD 157.6 billion, with an increase of 4 percent. Foreign Trade Statistics Source: TurkStat Due to the implementation of the liberalization process since the 1980s, the Turkish economy has experienced a period of substantial growth. Foreign trade, in respect of both exports and imports, has…

Turkey’s investment legislation is simple and complies with international standards, while it offers equal treatment for all investors. The backbone of the investment legislation is made up of the Encouragement of Investments and Employment Law No. 5084, Foreign Direct Investments Law No. 4875, the Regulation on the Implementation of the Foreign Direct Investment Law, multilateral…

President Erdoğan Receives Turkish Medalists of Rio Olympics President Recep Tayyip Erdoğan received Turkish athletes who won medals at the 2016 Rio Olympics. Also attending the reception at the Presidential Complex were Prime Minister Binali Yıldırım and Minister of Youth and Sports Akif Çağatay Kılıç as well as Hidayet Türkoğlu and Hamza Yerlikaya, Senior Advisors…