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Turkish Economy and Business Life

Turkey Ranks 11th Place Globally In Terms of GDP

April 14, 2021 Comments Off on 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 currently among the top three emerging economies with the highest growth expectations for 2021 after India and China.​

 

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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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