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A successful economy A booming economy; GDP more than tripled to US $ 800 billion in 2014, up from US $ 231 billion in 2002 (Turkish Statistical Institute (TurkStat)), stable economic growth through an annualized rate Real GDP growth averaging 4.7% between 2012 and 2014 (Turkish Statistical Institute “TurkStat”) is a promising economy with a brilliant future as it is expected to become one of the fastest growing economies within the OECD members during the period 2014-2014. 2016, with an annual average growth of real GDP of 3.6% (OECD February 2015) the sixth largest The world’s tenth largest economy and the sixth largest economy in comparison to the EU in 2013 (PPP GDP, IMF – World Economic Outlook) An enterprise-based economy, supported by US $ 144 billion in foreign direct investment (CBRT) in the last 10 years. A vibrant and mature private sector with exports worth US $ 158 billion and an increase of 250 per cent between 2004 and 2014 (Turkish Statistical Institute)

Population

Turkey has a population of 77.7 million (2014, Turkish Statistical Institute)

Turkey is the largest in terms of the number of young people among the population compared to the European Union (EU official statistics institution “Eurostat”)

Half of the population under the age of 30.7 (2014, Turkish Statistical Institute)

It has a youthful, highly educated and multicultural population

Competent and competitive manpower

More than 29.2 million young professionals with a high level of education and enthusiasm (2014, Turkish Statistical Institute)

Increasing labor productivity

Nearly 610,000 students graduate each year from more than 183 universities (2012, Center for Student Choices and Seats – OSYM)

More than 700,000 high school graduates, nearly half of whom graduated from professional and technical schools (2012, the Turkish Statistical Institute)

A liberal and reformed investment climate

The second largest climate of reform among the OECD countries in terms of restrictions on foreign direct investment since 1997 (the Organization for Economic Co-operation and Development (OECD) Foreign Direct Investment FDI Index 1997-2012)

An encouraging business environment with an average of 6 days to set up a company, while the average for OECD member countries is 11 days (World Bank Doing Business 2014)

Highly competitive investment conditions

Strong culture in industry and services

Equal treatment for all investors

About 41,397 companies with foreign capital in 2014 (Ministry of Economy)

International Arbitration

Ensure that transfers are implemented

Infrastructure

A new high-tech infrastructure for transportation, telecommunications and energy

Advanced and low-cost sea transport facilities

The advantage of rail transport to Central and Eastern Europe

Paved roads and a direct delivery mechanism to most EU countries

Central location

A natural bridge connecting the eastern and north-western axes, thus creating an efficient and cost-effective outlet for major markets

Access to 1.5 billion customers in Europe, Eurasia, Middle East and North Africa

A multi-market gateway to $ 25 trillion of GDP

Station and corridor for energy transmission to Europe

An important transit station for energy transmission in Europe linking East and West

Is located near more than 70% of the proven primary energy reserves in the world, while the largest energy consumer, which is Europe, adhering to Turkey from the west, which makes Turkey an important link in the energy transmission chain and an important port of energy in the region

Incentives and low taxes

Reduction of corporate income tax from 33% to 20%

Incentives and tax benefits in technological development areas, industrial zones and free zones include a partial or total exemption from corporate income tax in the form of a grant on the employer’s share in social insurance, as well as land allocation

Law to support innovation and R & D

Incentives for strategic investments, for large investments and regional investments

Customs Union with the European Union since 1996

The establishment of the Customs Union with the European Union since 1996, the FTA with 20 countries (Ministry of Economy)

More FTAs ​​are on their way to conclusion

Negotiations to join EU membership

A huge local market

39.9 million subscribers in the high-speed Internet service in 2014, after it was 0.1 million in 2002 (ICTA, Turkish Statistical Institute

71.9 million mobile phone subscribers in 2014, up from 23 million subscribers in 2002 (Turkish Statistical Institute)

57 million credit card users in 2014, up from 16 million in 2002 (Turkey’s bank card issuing center)

166.5 million airline passengers in 2014, up from 33 million in 2002 (Turkish Statistics Institute)

35.9 million international tourists arrived in 2014, up from 13 million in 2002 (Turkish Statistics Institute)