All posts by: Fatma Yalçın

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.

by in Turkish Economy and Business Life

Important Things You Need to Know Before Living in Turkey

Turkey has much to offer for all foreigners who are planning to live in the country. With its infrastructure, the standard of living, the low cost of living, the uncomplicated process of getting work permit or residence permit, currency rate of TL, and advantage of getting Turkish citizenship by investment, living in Turkey is a great idea for all foreign nationals.

by in Turkish Economy and Business Life

Publications to Follow About Turkish Economy

Turkey with a large domestic market and growing economy, qualified and competitive labor force, population and low taxes and incentives offers a liberal and reformist investment climate for foreign investors. Turkey’s largely free-market economy is driven by its industry, service, and agriculture sectors.

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