Turkey has spent the last decade trying to maximise the potential of its geographical position to fuel export-led growth. While this has been hampered by a heavy dependence on imports, especially hydrocarbons, and a bulging current account deficit, the country has made great strides in increasing trade volumes and diversifying markets. With strong domestic growth and a sense of economic...
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Chapter | Trade & Investment from The Report: Turkey 2015
Chapter | Country Profile from The Report: Turkey 2015
Many have hailed Turkey’s growth over the past decade, and for good reason. The country averaged expansion of 5.4% between 2003 and 2013, one of the highest rates in the world. This was accompanied by drops in unemployment and poverty, as well as gains in school enrolment, home ownership and life expectancy. Since 2013, however, there has been a sharpening of disagreement over the direction of...
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.
Articles & Analysis | Useful information for visitors to Turkey from The Report: Turkey 2015
SOCIETY & ETIQUETTE: Turkish society is a unique mix of cosmopolitanism and conservatism, with large cities like Istanbul, Ankara or Izmir generally being fairly liberal, while the eastern and rural provinces of the country tend to be more traditional. It is very common to be offered tea at...
Articles & Analysis | Turkey's Bozcaada's island draws visitors with its history and viniculture from The Report: Turkey 2015
In the eastern Aegean, just a few hours’ sail from the mouth of the Dardanelles, lies a small, wedge-shaped island that echoes with chords of history. In Vergil’s Aeneid, the epic tale by Rome’s greatest poet, it is said to be where a sly Greek army hid their fleet after leaving their legendary equine gift at the shores of ancient Troy. In the First World War, the...
Articles & Analysis | Turkey's history encapsulated in Istanbul's Maiden's Tower from The Report: Turkey 2015
While the Hagia Sophia and the Blue Mosque often get top billing in the tourism circuit, the Maiden's Tower, or “Kız Kulesi” in Turkish, is a popular spot that has a much deeper history than is widely known. The use of the site of the current tower began in roughly the 5th century BCE. Its history spans both empire and republic, and the tower – on a small islet in the...