Turkey, officially known as the Republic of Turkey, is a transcontinental Eurasian country. Located at the crossroads between Europe and Asia, Turkey’s strategically important location has given it major influence in the region. It has the world’s 13th largest GDP by PPP and 17th largest nominal GDP.
Though lacking in natural resources such as oil and gas, the country’s strengths in manufacturing and construction have played a fundamental role in its growth in recent years. It is this impressive growth that has landed Turkey on the radar of many international investors. During the past 15 years, the finance and manufacturing sectors have attracted the highest amount of FDI. The majority of FDI inflows have originated from Europe, North America and the Gulf countries, while the share of Asia has also increased.
Turkey offers diverse opportunities for investors and entrepreneurs. Turkey is a leading producer of agricultural products. Other important industries include textiles, automotive, electronics and transport.
With a business-friendly environment, highly competitive investment conditions and well-developed technological infrastructure, Turkey will continue to be a vital business destination for the future.
HLB is well represented in Turkey with three member firms offering the full range of tax, audit and consulting services.
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