Turkish economy is a dynamic and emerging market equipped with a developed infrastructure, rapidly growing private sector and international competitive work forces. In the last years main economic indicators in Turkey show that The economy in Turkey is performing well with sustained growth and increasing foreign investment. Since the latest structural reforms within the stable politics , EU Harmonization Laws and sector regulations along with improvements in the investment environment have provided a more favorable international business environment.

Turkey has a unique geographic location. It is strategically located having the Commonwealth of Independent States bordering to her north and the northeast, Iran to the east, and Iraq and Syria to the south. Its land on the European continent borders with Bulgaria and Greece. Her proximity to these countries provides her with excellent access to world markets.As a result of the changes in the Foreign Investment Law, the investment climate was made more efficient and suitable for potential investors. Click here for more informtion about investment and property in Turkey.

Besides, In Istanbul and along the south coast, dominated construction and tourism is also home and the main area for international property buyers and tourists to a thriving tourist industry and rapidly growing property market, attracting huge international interest. The Turkish property market, hotel accommodation in Turkey, Turkish Tourism currently offer excellent quality and value for money to all the world. 

With a growing and young population of 70 million, Turkey has the largest landmass in Western Europe, with a economy that is the 16th largest in the world. The latest World Bank study declared Turkey to be one of the ten most promising emerging economies. Today, Turkey follows a liberal policy in economy, the same as in its political structure, modern and open to the world. 

Politics in Turkey

With the Prime Minister as head of the government, Turkey has a multi-party system, based on  secular, democratic and pluristical principles. In 1923 Mustafa Kemal Ataturk established the Turkish Republic, and a government with a  parliamentary system that constitutionally protects personal rights and freedoms. A  judicial, legislative, and executive power is exercised by the government with the divisions of power that one would expect in Turkey.  Legislative power is vested in both the government and the Grand National Assembly of Turkey. The judiciary is independent of everything.

According to its  constitution, Turkey is a parliamentary democracy, where every citizen over 18 has the right to vote and register for the elections every 5 years. All citizens over 30 are eligible to run for office.

After consulting the popular vote, the President names the new Prime Minister, who leads the Council of Ministers. The executive branch consists of the President, the Prime Minister, and the Council of Ministers.

As one of the founders of the  Black Sea Economic Cooperation Organization, (OECD), Turkey is also a member of the European Council, the Islamic Conference Association, and an associate member of the European Union.