Why Turkey?

Turkey has strategic importance being located at the crossroads of Eurasian markets and energy networks. It has a population of 69,6 million people 40 million of whom are under 30. Now at the beginning of the twenty first century Turkey is hailed as a shining example of a secular parliamentary democracy where the majority of the population (99%) are Muslim; it has been a member of NATO since 1952; and talks aimed at EU membership are underway. According to the organization for Economic Cooperation and Development (OECD), Turkey’s economy will grow at 7.12 percent on average annually until 2012. In addition, Turkey’s inflation, unemployment and interests rates will rapidly fall, and its current account deficit would narrow.

The OECD has predicted that between the years 2008 and 2012, Turkey’s growth rate will be much higher than the European Union average and that of other developed nationals.

Meanwhile, the inflation rate for next year is forecast at 6.3 percent and will reach 4.5 percent in the year 2012, says the OECD. Long-term interest rates will go down to about 8.9 percent, currently at about 12.9 percent, in the next five years.

The massive growth of tourism is being supported and encouraged by the government. In 2005 the Turkish Government is investing US$ 25 million for marketing Bodrum as an individual brand.

This level of investment is paying dividends in terms of inward investment to the tune of one billion US$ in Foreign Direct Investment (FDI) per annum across the whole of Turkey.

Channel 4’s Amanda Lamb rated Turkey 3rd best country for investments.

>Back to Top