This chapter examines the legal environment in Turkey, focusing on how changes in regulations are enabling investment across the country’s many business sectors. It also contains a viewpoint from Harun Kılıç, Partner at Kılıç and Partners.
Despite some recent turbulence, Turkey has strong fundamentals that underscore its potential for long-term economic growth. With a young population of 77.7m, a strategic location within four hours’ flying time of 1.5bn consumers and a diversified economy, the country has much to offer investors.
Turkey seeks to become a top-10 economic power by 2023. The most important step in reaching this target will be the provision of the necessary finance needed for business and investment opportunities. The country will have to triple GDP within the next eight years to achieve this target. It is apparent that to do this Turkey will require substantial foreign direct...
With the primary goal of establishing a leading global financial centre in Istanbul, the Turkish government continues to create a legal framework that will encourage and accommodate this goal. The foundation was laid with the recent Capital Markets Law (CML) No. 6362. The Capital Markets Board (CMB) continues to align Turkey’s legal basis to comply with EU regulations....
Despite some recent turbulence, Turkey has strong fundamentals that underscore its potential for long-term economic growth. With a young population of 77.7m, a strategic location within four hours’ flying time of 1.5bn consumers and a diversified economy, the country has much to offer investors.
Turkey has set ambitious goals to be reached by 2023, which represents the first centennial of the formation of the republic. Key 2023 targets include: becoming one of the top 10 economies in the world; achieving a GDP of $2trn and a per capita income of $25,000; and increasing exports to $500bn and foreign trade volume to $1trn. In addition to...
Since the turn of the century, Turkey’s focus has been on its upcoming centennial. Now that we are a decade away from 2023, we can reasonably forecast where we might find ourselves in that year. Moreover, we can lay out our desired ends and consider the best course to achieve them. Having regained its economic and political stability, Turkey now aims to become a major...
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