The Turkish economy delivered a performance that exceeded expectations last year and is forecast to post significant growth this year.
According to the Investment Office of the Presidency of the Turkish Republic, Türkiye has jumped up 10 places and ranked 33rd in the World Bank’s Doing Business 2020 report. It ranked 69th in 2017, 60th in 2018, and 43rd in the 2019 editions of this report.
This remarkable progress is considered an affirmation of Türkiye’s investment potential that attracts foreign investment from different nationalities. The ongoing successful economic reforms to support the inward investment proposition, having unique and strong market fundamentals, being an international hub for key sectors, and benefiting from a modern economy supported by a young and educated population consider the main reasons for successful invest in Türkiye. The citizenship by investment program was also reflected positively, which attracted and invested foreign investments in the Turkish market.
“By further reducing costs and increasing productivity in business life, Türkiye will raise the investment climate in Türkiye to the highest level,” Minister Berat Albayrak said.
“The positive momentum gained in 2019 will further advance this year, we work also on instituting a manufacturing infrastructure that focuses on value-added exports and increased employment. This addresses exports, manufacturing, production and import substitution,” Albayrak explained.
In order to strengthen the Turkish economy, the institutions are working on implementing middle term and long-term policies,” the minister said.
The third day of the Caribbean Summit 2019
On the third day of the Caribbean Summit for Citizenship by Investment 2019 in Grenada Island, the NTL team accompanied by several official figures, investors and developers toured the city and visited factories of chocolate, cocoa and fruit packaging plants, in the framework of the industrial activity and economic development which accrue in the island of Grenada.
Türkiye is competing with Grenada for the E2 visa
E-2 is expected to take the lead in the global market later this year due to the rise of the minimum investment requirements for EB-5, in addition to the advantages of E2 over EB-5 in terms of faster processing times, low investment requirements, and more importantly, it is the no retrogression feature.
Istanbul New Canal Project in Turkey
It is one of the major projects, it is described by the Turks as “the project of the era” and as “the largest project to be done in the history of the Turkish Republic.” As Turkish President Recep Tayyip Erdogan announced that a tender will be launched for Istanbul...
Turkish Land Registry Directorate Opens in Arab countries
Real Estate market in Turkey is witnessing a great demand by foreigners in light of the great growth in the construction sector. Where the Director of the Land Registry (Title Deed) and the Real Estate Survey, Mr. Muhammad Zaki Adli, explained that foreigners have a great desire to buy real estate in Turkey, especially those wishing to obtain Turkish Citizenship.
The first and the second days of the Caribbean Summit 2019
It’s an amazing experience to have a second passport that gives you access to an infinite world of possibilities. The Caribbean Summit 2019 is an important event held every year, and helps people who intend to undertake international migration and acquire second citizenship understand this area.