• About us
  • Our Services
  • Contact
  • About us
  • Our Services
Contact Us
Turkish Economy and Business Life

IMF and EBRD Revise GDP Growth Forecast for Turkey up to 9% for 2021

November 18, 2021 Comments Off on IMF and EBRD Revise GDP Growth Forecast for Turkey up to 9% for 2021

IMF (​The International Monetary Fund) has revised its GDP forecasts for countries in its latest World Economic Outlook October 2021 report.  

According to the new report, growth forecast for the Turkish economy has been revised up to %9 in 2021, up from %5,8 previously reported.  

With this, Turkey is the second top economy in terms of growth rate for 2021 after India. ​

Accordingly, EBRD (The European Bank for Reconstruction and Development) also has revised Turkey’s GDP growth expectation to %9 in 2021, up from %5.5, in their recent Regional Economic Prospects report.  

EBRD’s Lead Regional Economist Roger Kelly says, “Turkey definitely has the potential to become a regional and global production hub in the post-pandemic era. Turkey is very well positioned to capitalize on the trend towards shorter supply chains thanks to its flexible manufacturing base and strategic location.”

Nothing that Turkey’s recently unveiled National FDI Strategy is a milestone to attract more and quality FDI into Turkey, Kelly also adds, “The Turkish government is implementing policies to enable companies not only to increase their participation in value chains but also to produce more value-added products, that will help reduce Turkey’s current account deficit.”

More Information: Investment Office

 

  • turkish economy

Post navigation

Previous
Next

Continue reading

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 […]

One Stop Integrated Corporate and Professional Services for Starting and Operating a Business in Türkiye

  • About Us
  • Services
  • Terms & Conditions
  • Privacy Policy
Copyright © 2024 Bilgener Integrated Corporate Services Inc.