SUCCESSFUL ECONOMY
- Expected to become the fastest growing economy among the OECD members during 2012-17 with an average annual real GDP growth rate of 5.2%
- Ranked the 13th most attractive FDI destination in 2012
POPULATION
- Young, dynamic, well-educated and multi-cultural population
QUALIFIED AND COMPETITIVE LABOUR FORCE
- Over 27m young, well-educated and motivated professionals
- Approximately 600,000 students graduate annually from over 170 universities
LIBERAL INVESTMENT CLIMATE
- Business-friendly environment with average of six days to set up a company, while the average in OECD members is more than 12 days
- Equal treatment for all investors
INFRASTRUCTURE
- New and highly developed technological infrastructure in transport, telecoms and energy
STRATEGIC CENTRAL LOCATION
- A natural bridge between both East-West and North-South axes, thus creating an efficient and cost effective outlet to major markets
- Easy access to 1.5bn customers in Europe, Eurasia, the Middle East and North Africa, and multiple markets worth $25tr of GDP
ENERGY TERMINAL OF EUROPE
- An important energy terminal and corridor in Europe connecting the East and the West
LOW TAXES AND INCENTIVES
- Corporate income tax (CIT) reduced from 33% to 20%
- Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones could include total or partial exemption from CIT, a grant on employer’s social security share, as well as land allocation
- R&D and Innovation Support Law
CUSTOMS UNION WITH THE EU SINCE 1996
- Turkey has been part of a Customs Union with the EU since 1996, and holds free trade agreements with 22 countries, with more under way
LARGE DOMESTIC MARKET
- 20m broadband subscribers and 68m mobile phone subscribers in 2012, up from 0.1m and 23m in 2002
- 131m airline passengers and 31.8m international tourist arrivals in 2012, up from 33m and 13m in 2002
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