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TURKEY

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Yazdan Ovissi

on 18 November 2015

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Transcript of TURKEY

TURKEY
Doing Business
There were 42,823 new limited liability companies in 2014.
Turkey's Economy
Throughout the past decade, Turkey's been able to prove its economy as an emerging market
BACKGROUND
Turkey's location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance
Fun Facts
Istanbul's grand bazaar has 64 streets, 25000 workers, and 4000 shops.
Turkish Market
Travel and tourism in Turkey registers above-average value growth in 2014
Republic of Turkey is largely located in Western Asia with smaller parts in Southeast Europe
The first ever Christian church to be built by man was in Antioch, Turkey.
Yazdan Ovissi
Santa Claus (St Nicholas) was born in Parata, Turkey.
Ankara is the capital of Turkey, it became so in 1923 after the War of Independence.
Turkish alphabet doesn't include "X" or "Q", but instead other letters such as dotless i (I).
Istanbul is the world's only city spanning to two different continents. It's spreaded on seven big hills.
"cekoslovakyalilastiramadiklarimizdanmisiniz" is the longest word in Turkish.
The Ministry of Culture and Tourism invests in the promotion of Turkey abroad
Online sales increase rapidly; stimulates the growth of both store-based and non-store retailing

Turkish Airlines is the largest company in travel and tourism
Despite decreasing influence, independent outlets continue to dominate the markets

Consumer Lifestyle
Financial cards and payments registers volume and current value growth
Turkish market has registered the highest number of credit cards issued in 2014 reaching the third biggest market in Europe after England and Spain.
Newer trends generat excitement amongst consumers that have a greater demand for private pensions, structures that allow consumers to better plan their finances, and the rising acceptance of using credit cards for purchases.
In 2014, Turkey introduced Comperehensive Regulation of Bank and credit card fees which limited bank so charge high fees.

Large-scale protests resulting from unpopular government decisions continued sporadically in 2014. Economic modernization is progressing despite clashes with the media and the slow pace of judicial reform.
However, recently slowed sharply: GDP is expected to expand by barely 3% after only 2.9% growth in 2014. Inflation is stuck at around 8%. Unemployment, at almost 10%, remains high.
Increase in PPP in past couple years
Costumers care about the "CE" label, accompanied by directions for use or certificates of guarantee, are appreciated for their guarantee of quality. When deciding to buy, the Turkish consumer finds out about conditions of payment.
Fortune 500 companies
The Republic of Turkey is a complex and challenging market requiring adaptability and persistence.
A good way to do business is to work with an experienced local partner. This partner could be in the form of a local representative, liaison office, agent, or distributor. The local partner can provide knowledge of the local regulatory framework, language assistance and valuable business contacts.
Bazaars
Sultan Ahmed Mosque (Blue Mosque)
Kiz Kulesi(Maiden's Tower)
Bodrum
Full transcript