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Turkey
The Bridge between Orient and Oxident

  

After the overcoming of the heavy economic crisis in 2001, economic and political stability in Turkey rose clearly in last years. The structural reforms for liberalisation, accomplished with support of the International Monetary Fund (IWF) and the European Union and Deregulation of the market led to an intensified confidence of the international commercial world, which contributed to a noticeable and precipitous rise of the foreign direct investments starting from 2005 particularly. Above all the Deregulation of the markets within the ranges energy and telecommunications caused an intensive project activity with increasing international engagement. After the admission of the negotiations of accession in October 2005, the long-term perspectives of the European Union entry also contribute to the upswing. The co-operation perspectives for European companies improve by increased integration of the Turkish economy into the European Union. The progressive harmonization of the political, economic and legal basic conditions with the European Union guidelines provides in the commercial world for higher confidence in the stability as well as predictability of the Turkish economy and has positive effects on investment decisions. Regarding the structural basic conditions and the overall economic surrounding field the advantages of the location Turkey can be summarized as follows:

 

Advantages (chances):  
  • Large local sales market with 73 millions inhabitants
  • High gross domestic product growth
  • Young population (about 50% under 25 years)
  • Low labour costs for small qualified workers
  • Motivated workers
  • Flexible work surrounding field with longer work times
  • High productivity in the ındustry
  • Favorable geographical location for the supply of regional markets
  • Strong modernization thrust in connection with the European Union integration