Tax systems have a high level of impact on economic development. One of the topics criticised in Turkey is the failure to use tax to serve development to the desired level. Therefore, the authorities need to be aware of how tax policies can be used as an effective tool in rapid, fair and balanced development attempts, and introduce the necessary regulations to that...
Countries around the world have been making significant attempts to further direct foreign capital investment. In a globalised economy, the degree of foreign investment that a country attracts can have a significant multiplier effect, contributing to technological advances, employment opportunities and the ability to invest more in welfare.
New infrastructure and investment will be critical to reaching tourism targets as Turkey barrels towards its Vision 2023 goals, including welcoming 50m visitors and earning $50bn in tourism revenues annually. Hoteliers in Istanbul, the country’s largest city, are investing heavily in new offerings, with thousands of new rooms set to enter the market in 2015. More...
With a selection of archaeological ruins to rival Italy and Greece, 7200 km of scenic coastline, Istanbul’s unique blend of rich heritage and cosmopolitan culture and an advantageous location at the crux of three continents, Turkey’s diverse visitor offerings have seen its popularity grow rapidly over the past decade in the process of becoming a world-leading tourist...
Driven by government reforms, increased private sector investment, and one of the largest young populations in Europe, Turkey’s education sector has grown and matured impressively over the past decade. As the country moves forward on a host of education targets, including Vision 2023’s goal to reduce unemployment to 5%, macroeconomic fundamentals including literacy and...
As Turkey tackles its Vision 2023 research and development (R&D) goals, the time is right for private firms and entrepreneurs to expand activities in a burgeoning research sector that will expand considerably over the next eight years. Although R&D activities still comprise a minor share of total GDP, growth in the sector is poised to soar in 2015 as the...
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