The Olympics have often served as international coming-out parties for host nations with emerging economies. Games held in Japan (1964), South Korea (1988) and China (2008) showed that hosting the Olympics and Paralympics can help establish or redefine a country’s global status. Having applied for Istanbul to host the 2020 Summer Games, and...
With more diversity and greater competition in its media and advertising sector than ever before – plus a wealthier population and a growing economy – Turkey has become a global leader in industry growth. The country’s steady economic expansion in recent years stands in contrast to the stagnation of many neighbouring states. European, Middle Eastern...
Turkey’s direct taxation system consists of two main taxes: income tax and corporate tax. An individual is subject to income tax on his income and earnings, similar to a company, which is subject to corporate tax on its income and earnings. The rules of taxation for individual income and earnings are provided in Income Tax Law 1960 (ITL), while the rules concerning the...
Although the republic has made great educational progress recently, more must be done to improve quality, ensure equal access and connect students to the world of business. The stakes for reform are high, given the key role the school system must play in facilitating the country’s transition to a more knowledge-oriented economy.
Turkey is a renowned destination for international holidaymakers and business travellers, yet one of the outstanding successes of recent years has been the rise of domestic tourism – Turks holidaying at home and, increasingly, of travelling abroad. This trend is set to continue too, as economic growth makes a vacation all the more possible for...
Bolstered by growth in mobile broadband and fibre-optic services, plans for massive 4G expansion, and a young population keen to embrace the latest in technology, IT is one of the fastest-growing sectors in the Turkish economy. Under the government’s expansive Vision 2023 strategy, the country plans to make major strides in internet penetration...
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