Turkish Business Outlook 2012 Turkish Business Outlook
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CMYK 2012 Turkish Business Outlook 2012 Turkish Business Outlook TOBB Plaza, Harman Sokak No: 10 Kat: 5 Esentepe - Şişli 34394 ‹stanbul - TURKEY Phone: (90) (212) 339 50 00 (pbx) (90) (212) 270 41 90 (pbx) Fax: (90) (212) 270 35 92 E-mail: [email protected] ANKARA (Headquarters): Web: www.deik.org.tr Kavaklıdere Mahallesi Akay Caddesi No: 5 www.turkey-now.org Çankaya 06640 TURKEY Phone: (90) (312) 413 89 00 Fax: (90) (312) 413 89 01 İSTANBUL: Dünya Ticaret Merkezi A1 Blok Kat: 8 No: 296 - 297 Yeşilköy 34149 TURKEY Phone: (90) (212) 468 69 00 Fax: (90) (212) 465 72 72 Turkish Business Outlook 2012 1 Turkish Business Outlook 2012 DEİK Foreign Economic Relations Board All right reserved. No part of this book may be used or reproduced, copied, distributed in any manner without written permission of DEİK. Headquarter - DEİK / Foreign Economic Relations Board TOBB Plaza, Harman Sokak No: 10 Kat: 5 Esentepe - Şişli 34394 İstanbul - Türkiye Tel: +90 (212) 339 50 00 (pbx), +90 (212) 270 41 90 (pbx), Fax: +90 (212) 270 30 92 www.deik.org.tr - www.turkey-now.org - www.dtik.org.tr - www.healthinturkey.com Ankara Representative Office Türkiye Odalar ve Borsalar Birliği Dumlupınar Bulvarı No: 252 (Eskişehir Yolu 9.km) 06530 Ankara Tel: +90 (312) 218 20 00 / e-mail: [email protected] Moscow Representative Office 119334, Leninskly St. Num: 45, Fln2, Office 16, office 346 Tel: +7 (495) 935 82 24 / e-mail: [email protected] Washington D.C. Representative Office Ronald Reagan Building & International Trade Center 1300 Pennsylvania Ave. N.W Suite B60 Washington D.C. 20004 Tel: +1 (202) 789 3644 / e-mail: [email protected] TOBB Brussels Representative Office Avenue Franklin Roosevelt 14B/A B-1050 Brusselles Tel: 00 32 2 646 40 40 - Fax: 00 32 2 646 40 40 / e-mail: [email protected] Prime Ministry Investment Support and Promotion Agency of Turkey ANKARA (Headquarters): Kavaklıdere Mahallesi Akay Caddesi No: 5 Çankaya 06640 Turkey P: (+90 312) 413 89 00 • Fax: (+90 312) 413 89 01 ISTANBUL: Dünya Ticaret Merkezi A1 Blok Kat: 8 No: 296-297 Yeşilköy 34149 Turkey P: (+90 212) 468 69 00 • Fax: (+90 212) 465 72 72 Printed in İstanbul, 2011 DEİK Publishing: 772-2011/10-b2 Turkey in Global Economy Series ISBN: 978-605-5979-09-6 TABLE OF CONTENTS FOREWARDS DEİK President’s Message .....................................................................................................................................................................................................4 ISPAT’s President Message ...................................................................................................................................................................................................6 DEİK Executive Committee Chairman’s Message ....................................................................................................................................7 I. COUNTRY PROFILE: INTRODUCING TURKEY .....................................................................................................................9 1.1 HISTORY, GEOGRAPHY, POPULATION, ECONOMIC DEVELOPMENTS ..............................9 1.2 FUTURE PROSPECTS ...........................................................................................................................................................................13 1.3 THE EU ACCESSION PROCESS...............................................................................................................................................15 II. MAJOR EXPORTS OF TURKEY .............................................................................................................................................................18 2.1 AUTOMOTIVE ...............................................................................................................................................................................................18 2.2 IRON AND STEEL .....................................................................................................................................................................................36 2.3 TEXTILE AND APPAREL ...................................................................................................................................................................43 2.4 JEWELRY ..............................................................................................................................................................................................................51 2.5 MARBLE, CERAMICS, SANITARY PRODUCTS AND GLASSWARE .............................................56 2 Turkish Business Outlook 2012 III. INVESTMENT OPPORTUNITIES IN TURKEY .......................................................................................................................61 3.1 FINANCIAL SERVICES .......................................................................................................................................................................61 3.2 PRIVATIZATION ..........................................................................................................................................................................................95 3.3 FOREIGN INVESTMENT.............................................................................................................................................................. 105 3.4 TOURISM ......................................................................................................................................................................................................... 109 3.5 CONSTRUCTION AND REAL ESTATE ....................................................................................................................... 123 3.6 ENERGY ............................................................................................................................................................................................................. 140 3.7 HEALTHCARE ............................................................................................................................................................................................ 174 3.8 CHEMICAL PRODUCTS ................................................................................................................................................................ 182 3.9 INFORMATION AND COMMUNICATION TECHNOLOGIES (ICT) .................................... 188 3.10 CONSUMER ELECTRONICS ................................................................................................................................................... 196 3.11 FOOD AND AGRICULTURE ..................................................................................................................................................... 198 3.12 EDUCATION ................................................................................................................................................................................................ 205 3.13 ENTERTAINMENT AND MEDIA ........................................................................................................................................ 208 3.14 DEFENSE .......................................................................................................................................................................................................... 210 3.15 SHIPPING AND SHIPBUILDING ........................................................................................................................................ 217 Turkish Business Outlook 2012 3 MESSAGE OF THE PRESIDENT It is my great pleasure to introduce the “Turkish Business Outlook”, prepared by DEİK, aiming to introduce our country to the global business community and provide key information about current economic issues, the investment climate and the general business framework. The investment opportunities in Turkey are vast and very exciting. Turkey is already ranked as the 17th largest economy in the world and ranked 6th largest economy in Europe. Turkey has been one of the fastest growing countries of OECD for many years and especially its achievements since the economic reforms conducted after 2001 are remarkable by any standard. Turkey has enjoyed the second highest growth rate in the world in the first half of 2011. The figures tell their own story. Turkey is a manufacturing country, a major producer of a diverse range of industrial products. Turkey has the largest and most dynamic economy in the entire arc of countries from central Europe, down through Balkans and Eastern Mediterranean, through the Middle East and North Africa. Turkey exports to more than 200 countries and has a trade volume of around a $300 billion. Two thirds of Turkish exports are sent out to the advanced industrial countries of the European Union, North America, and the OECD. Turkey is the sixth largest trading partner of the European Union. In the last 38 years, up until the end of 2010, Turkish contractors have undertaken almost 5.894 projects in 86 countries, with a total value of some $187,3 billion. In 2010, 33 Turkish contracting companies are on the list of “Top 225 International Contractors” announced by the leading international industry magazine “ENR - Engineering News Record”. Turkey ranked second in the world after China. There are 24 Turkish companies within the list of 100 biggest companies in Islamic world. Moreover, there are many opportunities in Turkey for international investors in particular.