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Turkish Economy and Business Life

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Turkish Economy and Business Life

Important Days Celebrated in Turkey (Important Days and Holidays for Turkish People)

February 11, 2022 Comments Off on Important Days Celebrated in Turkey (Important Days and Holidays for Turkish People)

There are many days that Turkish citizens celebrate during the year that have a special meaning. It is possible to divide these days into religious holidays and national holidays. Religious holidays are generally special days included in the Islamic religion and are celebrated in Turkey like every Muslim country. These are Eid al-Adha and Eid […]

Turkish Economy and Business Life

How to Get a Turkish Passport

February 4, 2022 Comments Off on How to Get a Turkish Passport

Types of Turkish Passport The Turkish Passport is the 39th most powerful passport in the world among 199 countries, and 18th most powerful passport in Europe. Turkish citizens can travel to 115 countries without a visa, to 83 countries with a visa that can be obtained at the airport, and to 7 countries with an […]

Turkish Economy and Business Life

New Announcement on Supporting Currency Protected Deposit Accounts

January 26, 2022 Comments Off on New Announcement on Supporting Currency Protected Deposit Accounts

The Law No. 7352 on the Amendment on Tax Procedure Law and Corporate Income Tax Law has been approved by the Grand National Assembly of Turkey. Within the scope of supporting Currency Protected Deposit accounts, the income of corporations to be obtained from these accounts is exempted from corporate income tax. With the amendment, if […]

Turkish Economy and Business Life

How to Obtain Residence Permit in Turkey

December 29, 2021 Comments Off on How to Obtain Residence Permit in Turkey

Advantages of Obtaining Residence Permit in Turkey There are many advantages for foreign nationals who will obtain or want to obtain a residence permit in Turkey. Some of these advantages can be named as investing in a secure future, having a good education life, having quality job opportunities, and benefiting from advanced health care. How […]

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 […]

Turkish Economy and Business Life

Turkey Breaks Record in Wind Power Generation

November 19, 2021 Comments Off on Turkey Breaks Record in Wind Power Generation

According to the official data, Turkey’s electricity generation from wind reached the highest share in renewable energy with 20.2 percent.  Turkey, which has become the 5th in Europe and 12th in the world in renewable energy installed power, ranks 1st in Europe in geothermal energy and 2nd in hydroelectricity. Turkey also ranks 8th in Europe […]

Turkish Economy and Business Life

Turkey’s VavaCars Raises $50 Million in Series B Funding Round 

November 19, 2021 Comments Off on Turkey’s VavaCars Raises $50 Million in Series B Funding Round 

Turkey’s VavaCars, an online trading platform for buying and selling second hand cars, has raised $50 Million in Series B funding round in order to expand its operations both in Turkey and Pakistan.  According to the statement released by the company, this new investment will support the brand’s continuous growth and speed up the transition […]

Turkish Economy and Business Life

Turkey’s Automotive Market Grows 4.5% in January-October

November 19, 2021 Comments Off on Turkey’s Automotive Market Grows 4.5% in January-October

According to an industry group report revealed the previous week, sales of passenger cars and light commercial vehicles in Turkey rose 4.5% in the January-October period of this year, from the same period of last year. The Automotive Distributors’ Association revealed that a total of 614,891 vehicles were sold across Turkey in the first 10 […]

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