The document discusses investment opportunities in Turkey. It highlights Turkey's strong economic growth and performance, with GDP growth averaging over 5% annually between 2002-2012. Turkey has a large, young and growing population as well as a sizable middle class. Foreign direct investment in Turkey has increased dramatically in recent years. The document outlines Turkey's strategic location, strong infrastructure, and structural reforms as reasons for its attractiveness to foreign investors.
Turkey country overview and hotel industry analysisAbhijeet Singhal
It is a deck prepared by our group for Management Consultancy course for SPJIMR - PGCIM course. It contains Turkey as a country analysis and its hotel industry.
Turkey country overview and hotel industry analysisAbhijeet Singhal
It is a deck prepared by our group for Management Consultancy course for SPJIMR - PGCIM course. It contains Turkey as a country analysis and its hotel industry.
http://pwc.to/1h2j3Bg
De nombreuses économies émergentes sont en train de perdre leur élan, contestant les plans de croissance des entreprises internationales. Nous avons identifié quatre économies qui pourraient fournir aux entreprises une protection contre un ralentissement.
The presentation is about current economic indicators of Kazakhstan and new accelerated innovative-industrial strategy of Kazakhstan development till 2015.
It was presented by Anuar Kuzhikayev, Embassy of the Republic of Kazakhstan to USA on 21 January 2011.
With the increasing liberalization of the economies across the world, considerable attention has been devoted to study the merits and demerits of FDI on host countries. Theorists try to understand FDI through two viewpoints. Literature of FDI focuses on two different models to understand the implications of FDI on host countries. The MacDougall (1960) among others focus on measuring impact of FDI in terms of factor rewards, employment and capital flows to host countries. Hymer (1960) examines the motivations behind the firm’s decision to undertake investments abroad and thus stresses on measuring impact of FDI in terms of the indirect effects it creates like externalities or spillovers. We use the MacDougall approach in seeking to understand the direct impact of FDI on host countries. Thus the primary objective of our study is to measure the impact of FDI on two key parameters viz. Gross Domestic Product (GDP) and Gross Capital Formation (GCF) of the host countries. Using the data from World Investment Report for information on FDI stock and flows into developing world and national statistical databases for data on GDP and GCF, we examine the impact of FDI over GDP and GFCF using statistical tests. We hypothesize that increased FDI increases capital formation and GDP of the host country.
Tractus Indonesia Country Representative, Daniel Bellefleur, presented at Asia Business Connect’s The Road to AEC & Mekong Region 2015 and Beyond: Key Legal, Tax & Business Aspects for Investment conference at the Landmark Hotel Bangkok. The conference attracted potential investors interested in expanding across Southeast Asia to take advantage of the differing competitive advantages and growth potential. Daniel gave an in-depth presentation on Indonesia’s current investment climate and how the largest ASEAN economy compares to its regional counterparts. Moreover, Mr. Bellefleur gave an update on Indonesia’s new investment incentives and stimulus packages aimed at improving the overall business operating environment. While Indonesia’s economy slowed in 2015, the Jokowi administration is looking to put the frameworks in place to put economic growth back on the right track. By building desperately needed infrastructure and cutting red tape, the archipelago may become one of the most interesting nations to invest in globally.
Organization’s readiness to deliver on customer experienceBert Paesbrugghe
Based on a dataset of 150 respondents, we present you the results of a quantitative study we conducted in collaboration with MCH Consultancy on the organization's readiness to deliver on customer experience.
http://pwc.to/1h2j3Bg
De nombreuses économies émergentes sont en train de perdre leur élan, contestant les plans de croissance des entreprises internationales. Nous avons identifié quatre économies qui pourraient fournir aux entreprises une protection contre un ralentissement.
The presentation is about current economic indicators of Kazakhstan and new accelerated innovative-industrial strategy of Kazakhstan development till 2015.
It was presented by Anuar Kuzhikayev, Embassy of the Republic of Kazakhstan to USA on 21 January 2011.
With the increasing liberalization of the economies across the world, considerable attention has been devoted to study the merits and demerits of FDI on host countries. Theorists try to understand FDI through two viewpoints. Literature of FDI focuses on two different models to understand the implications of FDI on host countries. The MacDougall (1960) among others focus on measuring impact of FDI in terms of factor rewards, employment and capital flows to host countries. Hymer (1960) examines the motivations behind the firm’s decision to undertake investments abroad and thus stresses on measuring impact of FDI in terms of the indirect effects it creates like externalities or spillovers. We use the MacDougall approach in seeking to understand the direct impact of FDI on host countries. Thus the primary objective of our study is to measure the impact of FDI on two key parameters viz. Gross Domestic Product (GDP) and Gross Capital Formation (GCF) of the host countries. Using the data from World Investment Report for information on FDI stock and flows into developing world and national statistical databases for data on GDP and GCF, we examine the impact of FDI over GDP and GFCF using statistical tests. We hypothesize that increased FDI increases capital formation and GDP of the host country.
Tractus Indonesia Country Representative, Daniel Bellefleur, presented at Asia Business Connect’s The Road to AEC & Mekong Region 2015 and Beyond: Key Legal, Tax & Business Aspects for Investment conference at the Landmark Hotel Bangkok. The conference attracted potential investors interested in expanding across Southeast Asia to take advantage of the differing competitive advantages and growth potential. Daniel gave an in-depth presentation on Indonesia’s current investment climate and how the largest ASEAN economy compares to its regional counterparts. Moreover, Mr. Bellefleur gave an update on Indonesia’s new investment incentives and stimulus packages aimed at improving the overall business operating environment. While Indonesia’s economy slowed in 2015, the Jokowi administration is looking to put the frameworks in place to put economic growth back on the right track. By building desperately needed infrastructure and cutting red tape, the archipelago may become one of the most interesting nations to invest in globally.
Organization’s readiness to deliver on customer experienceBert Paesbrugghe
Based on a dataset of 150 respondents, we present you the results of a quantitative study we conducted in collaboration with MCH Consultancy on the organization's readiness to deliver on customer experience.
This presentation by Vahdettin Erta was made during the special address at the High-level Conference on Global and European Trends in Financial Education held on 22-23 May 2014 in Istanbul, which explored the role(s) of the private and not-for-profit sectors in financial education, financial literacy and innovation for young people and financial education for migrant workers and their families. Find out more at http://www.oecd.org/daf/fin/financial-education/2014-conference-global-european-trends-financial-education.htm
OECD Skills Outlook Global Launch - Skills and Global Value ChainsEduSkills OECD
Since the 1990s, the world has entered a new phase of globalisation. Information and communication technology, trade liberalisation and lower transport costs have enabled firms and countries to fragment the production process into global value chains (GVCs). Many products are now designed in one country and assembled in another country from parts manufactured in several countries. Thirty percent of the value of exports of OECD countries comes from abroad. In this new context, GVCs and skills are more closely interrelated than ever. Skills play a key role in determining countries’ comparative advantages in GVCs. A lot of the opportunities and challenges brought about by GVCs are being affected by countries’ skills.
The OECD Skills Outlook 2017 shows how countries can make the most of global value chains, socially and economically, by investing in the skills of their populations. Applying a “whole of government” approach is crucial. Countries need to develop a consistent set of skills-related policies such as education, employment protection legislation, and migration policies, in coordination with trade and innovation policies. This report presents new analyses based on the Survey of Adult Skills and the Trade in Value Added Database. It also explains what countries would need to do to specialise in technologically advanced industries.
3 reasons why incorporating a digital DNA smoothens bumpy investment trends i...Murat Tolga Demiroglu
Digital investment trends in Turkey.
Presentation held by Murat Demiroglu (IEG – Investment Banking Group) at the Doing Business in Turkey Conference at Dentons in Berlin.
Subsequent to a huge shift of economic growth and opportunities to emerging economies, particularly in Asia, managing and retaining key talent has become important for sustainable growth. Organizations are being forced to rethink their talent pipeline and transform their HR function to deal with new priorities and risks.
The impact of technology and the need for innovation continue to demand new skills in new places. A clear plan for global talent mobility alongside the development of strong local talent is vital. The paradigm shift has also brought new regulator y obligations, transformed our view of pay and incentives, and refocused our definition of employee engagement.
Introduction of an international Express Courier Company.
Express and economy services, e-commerce fulfillment services, postal services, import and export clearance services
Introduction of an International Express Courier Company.
Express and economy courier systems, e-commerce fullfilment services, worldwide transport and logistics solutions.
Presentation by Bruce Katz, Vice President of the Brookings Institution and Director of the Metropolitan Policy Program.
Global Cities Initiative forum in Seattle, WA on April 10, 2014.
The Global Cities Initiative is a Joint Project of Brookings and JPMorgan Chase.
For more information: http://www.brookings.edu/projects/global-cities.aspx
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
8. 17th largest economy in the world and 6th when compared to the EU Countries in 2012 (IMF)
The largest youth population when compared to the EU countries
9. 54 million credit card
users (2012)
68 million GSM users
(2012)
20 million broadband
internet subscribers (2012)
10. Turkey is the 8th largest steel producer in the world and 2nd compared with
the EU countries (worldsteel 2012)
Turkey is the 16th largest automotive producer in the world (OICA 2012)
11. - Turkish Airlines is one of the fastest growing airlines in Europe
-The best airline in Europe (Skytrax 2011, 2012, 2013)
- 131 million airline passengers in Turkey (2012)
- Istanbul Ataturk Airport is the best airport in Southern Europe (Skytrax 2013)
12. Turkey is the 6th most visited holiday destination in the world (2012)
International Tourist
Arrivals
Country
2012
(million)
1. France
83.0
2. USA
67.0
3. China
57.7
4. Spain
57.7
5. Italy
46.4
6. Turkey
35.7
7. Germany
30.4
8. UK
29.3
9. Russia
25.7
10. Malaysia
25.0
Source: UNWTO
Out of world’s top 100 best hotels 22 are from Turkey (TUI Holly, 2012)
13. It’s not only a place
to work, but also a fascinating place to live.
15. Source: Central Bank of Republic of Turkey & Ministry of Economy
Soaring FDI Inflows
5,6
6,7
8,8
11,7
15
18,7
21
23,7
25,5
29,4
33,8
0
5
10
15
20
25
30
35
40
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
‘000
Number of Companies with Foreign Capital
15
123
0
25
50
75
100
125
1923-2002 (80 years)
2003-2012 (10 years)
FDI Inflows
($ billion)
16. FDI in Turkey
Increasing Confidence in the Turkish Economy
Source: A.T. Kearney
Foreign Direct Investment Confidence Index 2012
17. Transnational Corporations’ top prospective host economies for 2013-2015
Source: UNCTAD. Based on 159 company responses
(Percentage of respondents selecting economy as a top destination for investment)
FDI in Turkey
19. Top reasons
to invest in Turkey
Source: OECD, Eurostat and National Sources
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
Benchmarking Performance of the
Turkish Economy
5,0
4,7
4,5
4,3
3,6
3,5
3,5
3,3
2,9
2,5
1,6
1,1
1,0
0,8
0
1
2
3
4
5
6
Average Annual Real GDP Growth (%) 2002-2012
786
772
490
478
384
304
268
196
169
126
92
51
0
100
200
300
400
500
600
700
800
2012 GDP (Current Prices, $Billion)
20. Source: TurkStat
Main Drivers of the Economic Growth
Top reasons
to invest in Turkey
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
66%
33%
33%
10%
4%
-6%
-39%
-40%
-20%
0%
20%
40%
60%
80%
Domestic
Consumption
Exports
Private
Investment
Public
Consumption
Public
Investment
Stocks
Imports
Percentage Contribution to Real GDP Growth 2002-2012
An economy driven by entrepreneurial spirit of private sector, robust domestic market and lucrative export opportunities
21. Source: Indicators are based on the compilations of OECD, Rosstat, and Turkstat data
Quarterly Real GDP Growth (Index: Q1-2009=100)
Seasonally adjusted
Fastest growing economy in Europe and one of the fastest growing economies in the world
The fastest recovering economy since the onset of global financial crisis in 2009
95
100
105
110
115
120
125
130
135
Q1-2009
Q2-2009
Q3-2009
Q4-2009
Q1-2010
Q2-2010
Q3-2010
Q4-2010
Q1-2011
Q2-2011
Q3-2011
Q4-2011
Q1-2012
Q2-2012
Q3-2012
Q4-2012
Q1-2013
Q2-2013
Turkey
Russia
Brazil
Poland
Czech Rep.
Hungary
Top reasons
to invest in Turkey
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
22. Source: OECD Economic Outlook No.93, May 2013
Let your business blossom in a thriving economy and promising future
8,4
6,9
6,0
5,1
5,0
4,6
4,1
3,8
3,7
3,5
3,3
3,3
3,2
3,2
3,0
2,9
2,7
2,7
2,6
2,4
2,1
2,1
2,0
2,0
1,9
1,7
1,7
1,5
1,5
1,5
1,4
1,4
1,3
1,2
1,1
1,0
1,0
0,8
0,8
0,8
0,2
0,1
-0,5
-1
0
1
2
3
4
5
6
7
8
9
China
India
Indonesia
Turkey
Chile
South Africa
Korea
Argentina
Brazil
Israel
Australia
Russia
Slovakia
Mexico
Estonia
Poland
Norway
Sweden
Luxembourg
New Zealand
Czech Rep.
Switzerland
US
Canada
OECD
Austria
UK
France
Finland
Belgium
Netherlands
Ireland
Hungary
Germany
Slovenia
Euro area
Denmark
Japan
Iceland
Spain
Portugal
Italy
Greece
The fastest growing economy among the OECD countries
Average Annual Real GDP Growth (%) Forecast
2012-2017
Top reasons to invest in Turkey
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
23. Source: TURKSTAT
Potential of the Turkish Economy
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP
International Hub
Structural Reforms
Top reasons to invest in Turkey
GDP Per Capita – Nominal (USD)
3.492
4.559
5.764
7.022
7.586
9.240
10.438
8.559
10.022
10.466
10.504
-
2.000
4.000
6.000
8.000
10.000
12.000
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
24. Top reasons to invest in Turkey
Source: TURKSTAT, Hedef 2023
A Visionary Economy: Road to 2023
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP
International Hub
Structural Reforms
230
786
2.000
-
500
1.000
1.500
2.000
2002
2012
2023 (Target)
GDP ($ Billion, Current Prices)
2,5 times
3.492
10.504
25.000
-
5.000
10.000
15.000
20.000
25.000
2002
2012
2023 (Target)
GDP per capita ($)
3 times
2,5 times
3,5 times
25. Top reasons
to invest in Turkey
Source: TURKSTAT
Enriching population eradicating poverty
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP & Income
International Hub
Structural Reforms
30,3
23,8
20,9
16,4
13,3
8,4
6,8
4,4
3,7
2,8
0,0
5,0
10,0
15,0
20,0
25,0
30,0
35,0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Percentage (%) of Poor People Living Less Than $4,3 Per Day
26. Source: TURKSTAT
Top reasons
to invest in Turkey
60,5
43,2
36,8
36,0
34,8
34,2
29,7
27,4
21,2
5,2
0
15
30
45
60
1
2
3
4
5
6
7
8
9
10
Percentage Increase in Decile (10%) Income Groups
Lowest income group
top income group
Real Increase (%) in Household Income 2002-2011
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP & Income
International Hub
Structural Reforms
27. Emergence of a new middle-class
Top reasons
to invest in Turkey
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP & Income
International Hub
Structural Reforms
2002
2012
Number of shopping malls
60
327
Stock of Consumer Loans* ($ Billion)
4,2
142
Private Consumption per capita ($)
2.390
7.674
Motor Vehicle Sales (thousands)
174
818
Number of Cars in traffic (million)
4,6
8,6
Airline Passengers (million)
33
131
Source: OSD, TCSCR, Ministry of Transport, TURKSTAT, CBRT, Ministry of Development *including credit cards
28. Rise of the middle-class in Turkey
Top reasons to invest in Turkey
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP & Income
International Hub
Structural Reforms
Source: EIU
0
2000
4000
6000
8000
10000
12000
2004
2012
5389
2737
4757
12251
163
2257
> $5K< $10K
>$10K<$50K
> $50K
Annual Income:
Number of Households by their Annual Income Level (‘000)
29. Source: Central Bank of the Republic of Turkey, European Central Bank , FRED
Household Liability % of GDP
Top reasons
to invest in Turkey
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP & Income
International Hub
Structural Reforms
2166850102030405060708090100TurkeyEuro AreaUSA2012
30. Top reasons to invest in Turkey
Source: Treasury, Eurostat, IMF
EU Defined General Government Gross Debt Stock (% of GDP)
Stability and High Performance in the Economy
Maastricht Criteria: 60 %
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
74,0
36,1
60,9
85,3
35
40
45
50
55
60
65
70
75
80
85
90
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
TURKEY
EU
31. Stability and High Performance in the Economy
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
Top reasons
to invest in Turkey
Central Government Budget Balance (% of GDP)
Maastricht Criteria: -3 %
-10,2
-2,0
-2,5
-4,0
-12
-9
-6
-3
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
TURKEY
EU
Source: Ministry of Finance, Eurostat
32. Source: TURKSTAT
Stability and High Performance in the Economy
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
Top reasons
to invest in Turkey
Annual Inflation
* As of September 2013
30,7
7,9*
0,0
5,0
10,0
15,0
20,0
25,0
30,0
35,0
J 03
A
J
O
J 04
A
J
O
J 05
A
J
O
J 06
A
J
O
J 07
A
J
O
J 08
A
J
O
J 09
A
J
O
J 10
A
J
O
J 11
A
J
O
J12
A
J
O
J13
A
J
33. Source: TURKSTAT
Stability and High Performance in the Economy
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
Top reasons
to invest in Turkey
Exports
36
47
63
74
86
107
132
102
114
135
153
0
20
40
60
80
100
120
140
160
180
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Billion USD
34. Source: TURKSTAT, Products with 2-digit HS Codes, EU includes 27 countries (new members in 2004 were included in 2002 figures)
Product & Market Diversification of Exports
Top reasons
to invest in Turkey
2002
2012
Number of export products with over $1 billion
9
30
Number of export markets with over $1 billion
8
34
Share of top 5 countries in total exports (%)
47
33
Share of MENA in total exports (%)
13
28
Share of North America in total exports (%)
10
4
Share of EU in total exports (%)
57
39
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
Less dependent on the crisis-ridden markets
35. Source: TURKSTAT
Increasing export of technology-intensive products
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
Top reasons
to invest in Turkey
46,3
48,5
53,9
54,5
58,8
61
65,2
60,7
59,6
60,9
53,7
51,5
46,1
45,5
41,2
39
34,8
39,3
40,4
39,1
0
20
40
60
80
100
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Tecnology-intensive
Labor-intensive
Compositipon of Exports (%)
36. Top reasons
to invest in Turkey
Turkey has the 5th most liberal trade policies in the world
(World Trade Indicators 2010)
Customs Union with the EU
Free Trade Agreements with 21 countries:
Source: Ministry of Economy, * In ratification process
Dynamic, Stable &
Attractive Economy
GDP & Income
Key numbers
Population
International Hub
Structural Reforms
1. Albania
12. Switzerland
2. Bosnia & Herzegovina
13. Syria
3. Egypt
14. Tunisia
4. Georgia
15. Montenegro
5. Iceland
16. Serbia
6. Israel
17. Chile
7. Lichtenstein
18. Jordan
8. Macedonia
19. Lebonan*
9. Morocco
20. Mauritius
10. Norway
21. South Korea
11. Palestine
37. Top reasons
to invest in Turkey
Source: IMF World Economic Outlook and WTO; GDP, Imports and population figures as of 2012
1,5 billion people; $25 trillion GDP; $8 trillion trade
EUROPE GDP: $19 trillion Import: $6,5 trillion Population: 670 million
RUSSIA
GDP – $2 trillion
Import: $335 billion
Population: 142 million
MENA
GDP: $3,8 trillion
Import: $995 billion
Population: 675million
CENTRAL ASIA & CAUCASUS
GDP: $390 billion
Import: $97 billion
Population: 82 million
Dynamic, Stable &
Attractive Economy
Population
International Hub
Access to Multiple Markets
Energy Corridor
Structural Reforms
Access to Multiple Markets
38. 196 international destinations & 29 more planned
International Connectivity
Top reasons to invest in Turkey
Source: Turkish Airlines
39. Top reasons
to invest in Turkey
Source: Respective Companies
Business Capital for Regional HQs
Multinational Companies (MNCs)
MNCs
Number of Countries Managed from Turkey
Coca Cola
94
GE Healthcare
80
Microsoft
80
Intel
67
Unilever
36
Verifone
30
GlaxoSmithKline
30
BSH
30
Schneider Electric
27
Alstom
26
Ericsson
22
Cargill
20
Pfizer
20
Volvo
18
BASF
18
PepsiCo
14
Dynamic, Stable &
Attractive Economy
Population
International Hub
Access to Multiple Markets
Energy Corridor
Structural Reforms
40. Turkey As An Energy Corridor And Terminal
Top reasons
to invest in Turkey
Dynamic, Stable &
Attractive Economy
Population
International Hub
Access to Multiple Markets
Energy corridor
Structural Reforms
Existing Natural Gas Pipelines Existing Oil Pipelines Natural Gas Pipelines under Construction Natural Gas Pipelines Underway Proposed Natural Gas Pipelines Oil Pipelines under Construction
41. Source: UN and TURKSTAT, 2012
Potential of the Turkish Economy
- Young Population -
Top reasons
to invest in Turkey
Population Pyramid
Half of population in Turkey is under age 30
5
4
3
2
1
0
1
2
3
4
5
0-4
5-9
10-14
15-19
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80-84
85-89
90+
Female
Male
%
Age Group
TURKEY
5
4
3
2
1
0
1
2
3
4
5
0-4
5-9
10-14
15-19
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80-84
85-89
90+
Female
Male
%
Age Group
EUROPE
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP & Income
International Hub
Structural Reforms
42. Top reasons to invest in Turkey
Source: UN *Number of people between ages of 15 and 64 **[Age 0-14 + Age 65+ ]/ Age 15-64
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP
International Hub
Structural Reforms
Favorable Demographic Trend
80
85
90
95
100
105
110
115
120
125
2011
2014
2017
2020
2023
2026
2029
2032
2035
2038
2041
2044
2047
2050
Working Age Population*, 2011=100
Europe
Turkey
40
50
60
70
80
90
100
2011
2014
2017
2020
2023
2026
2029
2032
2035
2038
2041
2044
2047
2050
Total Dependency Ratio (%)**
Europe
Turkey
43. Source: IMD World Competitiveness Yearbook 2012, IMD WCY Executive Opinion Survey based on an index from 0 to 10
Top reasons to invest in Turkey
Skilled Labor Force 2012
6,2
6,1
5,6
5,3
4,4
4,0
0
1
2
3
4
5
6
7
Turkey
Poland
Hungary
Romania
China
Bulgaria
Availability of Skilled Labor Force
6,1
5,1
4,9
4,7
4,6
3,5
0
1
2
3
4
5
6
7
Turkey
Poland
Hungary
China
Romania
Bulgaria
Availability of Competent Senior Managers
7,6
6,3
6,1
6,0
5,7
5,4
0
2
4
6
8
Turkey
Poland
Hungary
Romania
China
Bulgaria
Availability of Qualified Engineers
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP & Income
International Hub
Structural Reforms
44. Source: OSYM
Skilled Labor Force
Top reasons
to invest in Turkey
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP & Income
International Hub
Structural Reforms
Number of Graduating Students in the Selected Engineering Fields
Field
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Mechanical Eng.
3415
3232
3436
3411
3550
3875
4323
4678
4485
4558
5324
Electric-Electronics Eng.
2640
2704
3013
3361
3208
3346
3637
3510
3621
3987
4403
Computer Eng.
1281
1402
1727
1970
1910
2174
2446
2950
3028
2906
3184
Civil Eng.
2840
2811
2735
2717
2850
2972
3235
3498
3595
4231
4368
45. Source: TURKSTAT, Ministry of Development
Productive and Cost-effective Labor Force
Top reasons
to invest in Turkey
Productivity and Unit Wages Index in Industry (Per Worker; 2005=100)
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP & Income
International Hub
Structural Reforms
115,9
108,7
80
85
90
95
100
105
110
115
120
125
130
2005 Q1
2005 Q2
2005 Q3
2005 Q4
2006 Q1
2006 Q2
2006 Q3
2006 Q4
2007 Q1
2007 Q2
2007 Q3
2007 Q4
2008 Q1
2008 Q2
2008 Q3
2008 Q4
2009 Q1
2009 Q2
2009 Q3
2009 Q4
2010 Q1
2010 Q2
2010 Q3
2010 Q4
2011 Q1
2011 Q2
2011Q3
2011 Q4
2012 Q1
2012Q2
2012Q3
Productivity Index
Real Unit Wage Index
46. Source: OECD
Labor Productivity in Total Economy
Top reasons to invest in Turkey
95
110
125
140
155
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Turkey
Poland
Czech Republic
Hungary
Mexico
Real GDP per hour worked
(Index: 2001=100)
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP & Income
International Hub
Structural Reforms
47. Top reasons to invest in Turkey
Source: *MERCER - Pan-European Employer Health Benefits Issues Survey 2008, **EUROSTAT 2012: The average number of hours corresponds to the number of hours the person normally works. This covers all hours including extra hours, either paid or unpaid, which the person normally works
4,6
5,5
5,7
6,6
6,7
7,8
8,3
8,3
8,3
9,7
10,8
11,9
22
0
5
10
15
20
25
Days
Annual average number of sick days per employee in Europe*
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP
International Hub
Structural Reforms
Productive and Cost-effective Labor Force
Hours worked per week of full-time employment Annual average**
Hours
52,4
43,8
43,5
42,8
42,6
42,3
42,1
41,9
41,9
41,7
41,6
41,6
41,1
41,1
40,8
40,6
40,3
39,8
30
35
40
45
50
55
48. Top reasons to invest in Turkey
Labor Cost Per Hour ($US) 2010
Productive and Cost-effective Labor Force
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP
International Hub
Structural Reforms
Source: EIU, February 2011; Average cost of labor per hour (pay and non-pay costs).
3,37
5
6,4
9,2
11,2
25,3
26,9
37,9
39
0
5
10
15
20
25
30
35
40
Turkey
Malaysia
Brazil
Hungary
Poland
Japan
US
Australia
Germany
49. Top reasons
to invest in Turkey
Source: OECD *Harmonized Unemployment Rate, seasonally adjusted
Employment Generating Economy
-2.000
-1.500
-1.000
-500
-
500
1.000
1.500
2.000
2.500
3.000
3.500
Turkey
US
Germany
Korea
Chile
Canada
Australia
Sweden
Switzerland
Austria
Belgium
Norway
France
Slovakia
Czech Rep.
Slovenia
Ireland
Denmark
Italy
Poland
Portugal
Greece
Japan
Spain
Increase in Employment (‘000)
2009-2012
Turkey generated c. 3,5 million new jobs since the onset of the global financial crisis in 2009
7,0
8,0
9,0
10,0
11,0
12,0
13,0
14,0
Jan-2009
Mar-2009
May-2009
Jul-2009
Sep-2009
Nov-2009
Jan-2010
Mar-2010
May-2010
Jul-2010
Sep-2010
Nov-2010
Jan-2011
Mar-2011
May-2011
Jul-2011
Sep-2011
Nov-2011
Jan-2012
Mar-2012
May-2012
Jul-2012
Sep-2012
Nov-2012
Unemployment* (%)
Turkey
EU
OECD
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP
International Hub
Structural Reforms
50. Top reasons to invest in Turkey
Turkey: A Manufacturing Hub
Source: Deloitte
TURKEY TURKEY TURKEY
T U R K E Y
Turkey will be the 16th manufacturing hub in the world and 2nd in Europe over the next 5 years.
51. Dynamic, Stable &
Attractive Economy
Population
International Hub
Structural Reforms
Top reasons to invest in Turkey
Public Sector Reform
Financial Sector Reform
Social Security Reform
Tax Reform
Enhancing Private Sector’s Role in the Economy
Opening the Key Markets to Competition, and Regulation by Independent Agencies
Improving the Investment Environment
Accelerated Privatization
New R&D and Innovation Support Law
Key Elements of Structural
Reform Agenda
52. Structural Reforms
NewFDI Law & Other Legislation
Employment of Expatriates
International Arbitration
Protection Against Expropriation
Corporate Income Tax %20
National Treatment
Freedom
to invest
Guarantee of Transfers
Access to Real Estate
Dynamic, Stable &
Attractive Economy
Population
International Hub
Structural Reforms
Top reasons to invest in Turkey
53. Top reasons to invest in Turkey
New Turkish Commercial Code effective as of July 2012
Transparency
Accountability
Institutionalization
Improvement in investment & business environment
Adoption of institutional management principles
Opportunity to perform legal procedures electronically
Dynamic, Stable &
Attractive Economy
Population
Age
Labor Force
GDP
International Hub
Structural Reforms
54. Source: World Bank Doing Business Reports
Top reasons to invest in Turkey
27
29
30
30
31
36
37
38
39
25
30
35
40
Romania
Russia
Bangladesh
Bulgaria
Poland
Morocco
Cameroon
Turkey
Guatemala
Turkey in 2003
6
13
15
18
18
20
23
27
28
32
33
0
5
10
15
20
25
30
35
Turkey
UK
Germany
Russia
Switzerland
Czech Republic
Japan
India
Spain
Poland
China
Turkey in 2012
Improving Doing Business: Number of days to set up a company
Dynamic, Stable &
Attractive Economy
Population
International Hub
Structural Reforms
55. Dynamic, Stable &
Attractive Economy
Population
International Hub
Structural Reforms
Top reasons
to invest in Turkey
Structural Reforms: Yielding Results & Increasing Competitiveness
Global Competitiveness Index
Year
Number of Countries
Turkey’s Rank
Turkey’s Rank (Percentile)
2004
104
66
63,5
2005
117
66
56,4
2006
125
59
47,2
2007
131
54
41,2
2008
134
63
47,0
2009
133
61
45,9
2010
139
61
43,9
2011
142
59
41,5
2012
144
43
29,8
2013
148
44
29,7
Source: WEF
56. Increasing Confidence in the Turkish Economy
Source: Respective rating agencies
Turkey’s Sovereign Credit Ratings
S&P
Moody’s
Fitch
JCR
Scale
Jan 2010
Feb 2010
Mar 2013
Scale
Dec 2009
Jan
2010
May 2013
Scale
Dec 2009
Jan
2010
Nov 2012
Scale
Jan 2010
Feb 2010
May 2013
A
A2
A
AAA+
AAA
AAA-
A-
A3
A-
A+
A
A-
BBB+
Baa1
BBB+
BBB+
BBB
Baa2
BBB
BBB
BBB-
Baa3
Turkey
BBB-
Turkey
BBB-
Turkey
BB+
Turkey
Ba1
Turkey
BB+
Turkey
BB+
BB
Turkey
Ba2
BB
BB
Turkey
BB-
Turkey
Ba3
Turkey
BB-
Turkey
BB-
Turkey
B+
B1
B+
B+
B
B2
B
B
B-
B3
B-
B-
CCC+
Caa1
CCC+
CCC
CCC
Caa2
CCC
CC
CCC-
Caa3
CCC-
C
SD
Ca
DDD
D
D
Investment Grade by Fitch in Nov 2012
Top reasons
to invest in Turkey
Investment Grade by Moody’s in May 2013
Investment Grade by JCR in May 2013
58. Top reasons
to invest in Turkey
INVESTMENT INCENTIVES IN TURKEY
1. General Incentive System
2. Incentives for Large Scale Investments
3. Regional Incentive System
4. Incentives for Strategic Investments
5. Employment Scheme
6. Research and Development Supports
7. State Incentives for Export
59. Top reasons
to invest in Turkey
NEW INCENTIVE SYSTEM
1. General Incentives
2. Regional Incentives
3. Incentives for large-scale Investments
4. Incentives for Strategic Investments
VAT Exemption
Custom Duty Exemption
VAT Exemption
Custom Duty Exemption
Tax Deduction
Employer’s share for insurance premium payment
Land provision
VAT Exemption
Custom Duty Exemption
Tax Deduction
Employer’s share for insurance premium payment
Land provision
Interest Support (except 1st and 2nd regions)
VAT Exemption
Custom Duty Exemption
Tax Deduction
Employer’s share for insurance premium payment
Land provision
Interest Support
VAT Refund
In the 6th Region; income withholding tax and employee’s share for insurance premium payment
62. The Agency
Attached to the Prime Ministry and reports directly to the Prime Minister
Private sector approach
Multi-lingual, professional and dedicated project directors
ONE STOP SHOP
2 offices (Ankara – Istanbul)
Result oriented
The EU Negotiation Progress Report shows that the establishment of the Agency is a proof for improvement of the investment climate in Turkey
The Agency
63. The Agency
International representatives network worldwide and strategic partners in Turkey (Embassies, Consulates, Commercial Attaches, NGO’s etc)
The International Network
64. WORLD BANK’s GLOBAL INVESTMENT PROMOTION BENCHMARKING REPORT 2009
Among 181 National Investment Promotion Agencies, INVESTMENT SUPPORT and PROMOTION AGENCY of TURKEY ranked as; 15th in the World in terms of General Performance Assessment 5th in the World and 2nd in Europe in terms of Inquiry Handling
The Agency
68. According to the projection by Goldman Sachs, Turkey will be the 9th largest economy in the world and the 3rd largest economy in Europe by 2050.
1.China
2.U.S.A.
3.India
4.Brasil
5.Russia
6.Indonesia
7.Mexico
8.U.K.
9.Turkey
10.Japan Source: Goldman Sachs, 2008
Why Turkey?
69. The Most Promising Sectors
Automotive ; Target to produce over 2 mio vehicles within 5 years
Transportation; Highway capacity planned to be trippled up until 2023 with 12 different project
Real Estate; Third most attractive real estate investment destination in 2012 (AFIRE); Istanbul is the most attractive real estate investment market in 2012 (PwC, ULI); more than $27 billion FDI over past decade.
Finance; Resillent to the global financial crisis with strong regulatory and supervisory framework, the most attractive sector with $39 billion FDI in the past decade; more opportunties with Istanbul Finance Center
Energy; Strategic location for energy terminal and corridor; rapidly growing demand: over $100 billion investment is needed to meet the demand till 2023; privatization and diversification opportunities.
ICT; Fastest growing IT companies in the region are from Turkey, 27 of the 500 fastest growing tech companies in EMEA are Turkish. 2011 winner: Logic Bilişim (5-year revenue growth of 28,617% with 412% CAGR).
Why Turkey?