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Turkish Economy and Business Life

Chinese Tech Company Xiaomi Opens Factory in Turkey

April 9, 2021 Comments Off on 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 the brand has production plants following China, India, and Indonesia.

Xiaomi Aspires to Be Number One Smartphone Brand in Turkey

According to Vincent Chang, head of Xiaomi Turkey, Xiaomi wants to become the number one smartphone brand in Turkey, both in sales and customer satisfaction.

“In this context, we are aiming to have more than 100 of these stores in Turkey before the end of this year,” said Chang.

Travel Xue, vice chairman of Salcomp, said his firm was active in China, India, and South America while adding: “Now, we are in Turkey, I am very excited with this extension.”

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Turkish Economy and Business Life

2022 Minimum Wage Amount is Announced

December 24, 2021 Comments Off on 2022 Minimum Wage Amount is Announced

Minimum wage amount for 2022 announced by the president is effective as of 1st of January 2022. According to the statement released by the Ministry of Labor and Social Security, gross minimum wage for 2022 has been set as 5.004,00 TRY and net minimum wage has ben set as 4.253,40 TRY. Minimum wage amount is increased by 50% […]

Investment Incentives, Turkish Economy and Business Life

Best Locations to Invest in Turkey

December 3, 2021 Comments Off on Best Locations to Invest in Turkey

Turkey is a country where investments are increasing day by day with a developing economy and a qualified workforce. Turkey, which connects Asia and Europe, has many important transportation points that attract the attention of foreign investors. There are investment incentives offered to foreign investors in many sectors such as real estate, agriculture, energy, telecommunications, […]

Investment Incentives, Turkish Economy and Business Life

Top Sectors to Invest in Turkey

November 23, 2021 Comments Off on Top Sectors to Invest in Turkey

Turkey attracts investors from many different nationalities all around the world. The biggest reason for this is the positive discriminatory features that it has. These features are a highly skilled workforce, its geopolitical position, its ability to accommodate people of many different nationalities, and its developing economy. Turkey also provides many investment incentive support to […]

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