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.
12 Fun & Interesting Facts About Albania
Here are some fun & interesting facts about Albania:
In the evenings, the locals like to walk. But it’s not just a walk, it’s an official evening walk where every resident comes out to stretch their legs and catch up with their neighbors. Everyone gathers at various places, walking and talking until nightfall.
Agriculture, Forestry, and Fishing in Albania
Agriculture is an essential sector in Albania. One of the earliest agricultural lands in Europe has been found in southeastern Albania.
The former governments allocated substantial resources to the development of agriculture. Large-scale programs of land reclamation, soil improvement, and irrigation, as well as increased use of fertilizers, all contributed to a significant expansion of agricultural production. Later, agriculture has registered annual growth during the latest periods.
Population and Economy in Albania
In this article, we are going to know more about Population and Economy in Albania.
Albania is located in Southeastern Europe and is a member of the UN and NATO. Albania is one of the smallest countries in Europe with 28,700 square kilometers (11,000 square miles) of area.
Life in Albania
In this article, we are going to talk about life in Albania and shopping there.
Albania is a 28,748 km2 country situated in the heart of the European continent, in Southeast Europe. The country is small in kilometers but it has many natural landscapes and it is rich in mineral and natural resources, its inhabitants have inherited the unique traditions of their Illyrian ancestors.
Turkish Brands prevalence in the world
The Head of the United Turkish brands Association ”Sinan Öncel” has announced that Turkish brands, which have 4,396 stores in 125 countries are daily continuing to open two new stores abroad.