Turkey: A Bright Financial Future Linking East With West!

Turkey is a stable and convenient country for business trips and for this reason a lot of international firms, especially firms that are focused on the Middle East have established their commercial activities in Turkey.

Turkey: A Bright Financial Future Linking East With West!

Turkey is a stable and convenient country for business trips and for this reason a lot of international firms, especially firms that are focused on the Middle East have established their commercial activities in Turkey.

The country has a wide variety of transportation infrastructure and international airports in all of its big cities. Turkish Airlines transported 54.7 million passengers in 2014 and was named the world’s top 5th airline company by Skytrax. The country is also very advanced in communications, possessing a high-speed internet network throughoutthe country by Türk Telekom. The country’s mobile phone services provided by GSM carriers have complete coverage throughout the country also. Generally speaking the transportation and communication prices are a lot more affordable compared to Europe – a key opportunity for new companies to invest in Turkey.

 

The media industry in Turkey is also extremely sophisticated having hundreds of television channels and news websites including local broadcasts in English. The leading press agencies are the Hurriyet Daily News, Today’s Zaman, Cumhuriyet Portal and Anadolu Agency. Thanks to these agencies you will have the chance to follow important global and regional political and financial news in English. A crucial consideration for any business trip is the availability accommodations and in Turkey a wide range of hotel / lodging possibilities are present.

 

Turkey in the recent years has become a transit point and a center for trade intended for the Middle Eastern countries. Companies that direct their trade activity tothe Middle East have offices and headquarters in two key cities: Istanbul and Ankara. At the same time Turkey offers a safe base for Middle Eastern companies that are trying to expand their commerce activities in Western markets. The rapid increase in capital flow and the volume of total trade between Turkey and the Middle Eastern countries is one of the most important indicators of this growing phenomenon. The increase in Middle Eastern tourists is also a reflection of the growing links between Turkey and the Middle East.

 

Being located between the Middle East and Europe benefits Turkey in other ways. Turkey is becoming also a bridge between countries in regard to the energy sector. Turkey is gaining financial clout due to oil and gas pipelines and electricity transmissions crisscrossing Turkey and is becoming a growing sub-industry. For this reason, a lot of the business trips to Turkey are made for investments and business purposes regarding the energy sector.