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  Turkey
HOME >> COUNTRY REPORTS >> Turkey
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Official name Republic of Turkey
Capital  Ankara
Population  71,158,647
Currency  Turkish lira(TRY)
Official language   Turkish
GDP  $8,900
turkey lines

  STRENGTHS
  WEAKNESSES

Where Europe and Asia meet, there lies beautiful Turkey, a delight for tourists all around the world

Turkey property shaping up as favorite for investment in 2010

Turkey's economy has recovered strongly from the 2001 recession thanks to good monetary and fiscal policies and structural economic reforms

Turkey succeeded in attracting $22.3 billion in foreign direct investment

In 2010 is expecting a tourism boom

The banking sector is offering over 10,000 jobs

The Turkish economy has registered superb improvement

Turkey doesn’t have an E.U. membership yet

Turkey has a relatively high income tax rate and a relatively low corporate tax rate.

Inflation has been high, averaging 10.0 percent The government sets prices for many agricultural products and pharmaceuticals and influences prices through regulation, subsidies, and state-owned utilities and enterprises.

All investors face excessive bureaucracy, weaknesses in corporate governance, and frequent changes in the legal and regulatory environment

There are few restrictions on payments and transfers. Restrictions on purchases of real estate by foreigners are based on reciprocity and acreage.

Turkey’s financial sector has undergone a period of restructuring and transformation in recent years


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