All posts by: Fatma Yalçın

by in Turkish Economy and Business Life

Trendyol Becomes Turkey’s Most Valuable Company with New Investment from Alibaba

One of Turkey’s leading e-commerce company Trendyol received a new investment of $350 million from its partner company Alibaba. With this new investment, Trendyol increases its valuation to $9.35 billion and becomes the most valuable company in Turkey. With 86.50% of the company’s shares, Alibaba is the largest shareholder of Trendyol, which sold 347 million […]

by in Turkish Economy and Business Life

Interesting Facts About Turkey

With its unique part in the history of the world civilizations, Turkey has a rich culture and important role in the global economy, agriculture, and trade. There are many interesting facts about Turkey that are still not commonly known. Turkish economy was one of the few economies which grew despite the pandemic in 2020 Covid-19 […]

by in Accounting and Reporting, Taxes

Turkey Increases Corporate Income Tax Rate for 2021 and 2022

According to the latest issue of the Official Gazette, the corporate tax rate, which is currently applied as 20% in Turkey, will be increased to 25% for 2021 and 23% for 2022 for corporate incomes. The new tax rate will be in effect starting from April 22, 2021. It will apply to the whole of […]

by in Turkish Economy and Business Life

Turkey Ranks 11th Place Globally In Terms of GDP

According to World Economic Outlook April 2021 report published by the International Monetary Fund (IMF), Turkey ranks 11th place globally in terms of GDP at PPP in 2020, up from 13th place in the previous year.​ IMF also revised the Turkish economy’s growth forecast to 6 percent in 2021, up from 5.5 percent. Turkey is […]

by in Turkish Economy and Business Life

Chinese Tech Company Xiaomi Opens Factory in Turkey

Chinese technology company Xiaomi opened a production factory in Istanbul on March 29, 2021, with supply giant Salcomp. According to Anatolian Agency, Xiaomi’s production factory established on a 14,000-square-meter (around 150,700-square-feet) area will employ 2,000 people with the promise of producing five million smartphones per year. Turkey is the fourth country in the world where […]

by in Turkish Economy and Business Life

Turkey Ranks 7th Best Country to Live and Work by Expats

According to the latest HSBC Expat Explorer report, Turkey ranked as the 7th best country in the world for international workers by the expats living in Turkey. The survey explores the opportunities offered by countries in terms of quality of life, work-life balance, financial return, and family life.

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