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Turkey's Business Potential
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LOCATION: 
  • Strategically located between Europe & Asia, a gateway to European markets as well as to Russia, Central Asia and the Middle East
DEMOGRAPHICS:
  • 74 million people (2008)
  • 17th largest economy in the world (per World Bank, 2007)
  • 45 million under age 25.
  • 3rd most populous nation in Europe (after Russia & Germany)
STABILITY: 
  • Democratic republic for over 85 years
  • Liberal investment laws
  • Member of the European Customs Union
  • Candidate for full membership in the European Union
  • Founding member of the World Trade Organization
COMPETITIVENESS: 
  • A hard working people with a well trained work force makes Turkey's labor costs one of the most competitive in the region.
PROGRESSIVE: 
  • Turkey is making many reforms moving it closer to the EU
  • Turkish investment in Iraq, Central Asia and South Eastern Europe are on the increase.
  • Southeastern Anatolia Project, or GAP includes 13 major projects which are primarily for irrigation and hydropower generation.
  • The Baku-Tbilisi-Ceyhan (BTC) project is a $2.9 billion investment to unlock a vast store of energy from the Caspian Sea by providing a new crude oil pipeline from Azerbaijan, through Georgia, to Turkey for onward delivery to world markets.
  • For more reasons read Turkish News in English.
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