In January 2012 the Turkish Exporters Assembly registered a 10% year-on-year increase in exports, but textiles exports declined by 4.2% in the same period. What are the factors behind this? ÖZDİLEK: The textiles sector is labour intensive, and because cotton can be speculated on the stock market its price rises artificially....
Is increased competition from foreign companies, which are drawn by demographic growth, squeezing local manufacturers? ÖZİLHAN: Over the past two decades, Turkey has experienced two major economic transformations. First, it became part of the EU’s Customs Union, and second, following the 2001 financial crisis, Turkey...
With economic activity in Turkey traditionally centred on the north-western provinces around Istanbul, along with the Izmir and Ankara urban areas, successive governments have attempted to incentivise businesses to establish themselves in other, less-developed regions. Since the 1960s, a key part of this strategy has been the creation of a variety...
From Ottoman textiles to high-tech weapons systems, Turkey has a long history of industrial activity. The challenge now is reducing the trade imbalance while maintaining impressive growth. Booming domestic demand and record exports increased industrial production in Turkey by almost 9% in 2011, powering economic growth that was second only to China...
With production expanding, heightened foreign interest and a new push to build a domestic car brand, the automotive sector in Turkey is currently experiencing a surge in output. This comes as the country has established itself as a natural base for supplying both European and Middle Eastern markets, with the sector’s contributions to exports being...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×