
European Bank to up investment in Turkey 2020
The European Bank for Reconstruction and Development (EBRD) increasing their finance for 2020’s in Turkey as the economy is set to bounce back.
The European Bank for Reconstruction and Development (EBRD) increasing their finance for 2020’s in Turkey as the economy is set to bounce back.
According to the report of Turkish Statistical Institute, (Türkiye İstatistik Kurumu) nearly 1.35 million houses were sold in Turkey in 2019.
Turkey is one of the top markets that receive a significant amount of foreign direct investment from all over the world. Over the last 16 years, Turkey attracted $203 billion in foreign direct investment and 65,341 foreign companies established in the country.
Foreign investors have taken a great interest in buying property in Turkey since the country provides many benefits fort hem. Business owners, investors, and developers purchase land or properties to renovate, rent out or use it as holiday accommodation for business.
Turkey offers a lot of opportunities for foreign investors with the country’s low operating costs, local manufacturers, unpenetrated markets and high consumer spending. There are also other benefits such as the right to paying no double taxation, if you are a foreign investor in Turkey you only pay taxes in Turkey…
Turkey, among the fastest growing economies in the world, is one of the best places to expand your business. With its thriving economy, geopolitical position, promising growth opportunities, the hard-working business community, and a young population, the country attracts foreign investors from all over the world.
Turkey’s exports last year hit an all-time high of $168.1 billion, up from about $157 billion in 2017. Thanks to the constant stimulus from the government and remarkable achievements, Turkey’s export volume increased by 7,1% while imports decreased by 4,6% in 2018.
Turkey’s export volume, with significant achievements and stimulus from the government, is at its highest point for the first time in the history of the Republic of Turkey. In 2018, the country gained 168,1 billion dollars from the exports…