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There are good reasons why Turkey is called ‘the gateway to Europe and Asia.’ Its strategic location has long been regarded as an important link between diverse parts of the world. Turkey sits at the cross-road of two continents, and is an ideal centre for business looking for location at the heart of Euro-Asia. The proximity to CIS (Commonwealth of Independent States)) as well as to Middle Eastern and North African countries provides excellent access to world markets. This position is further enhanced through the Customs Union with the European Union. Turkey is a rich source of well-educated, internationally experienced, executive talent. It is also worth noting that there are many experienced executives who are located in nearby countries. With a diverse and cosmopolitan culture, Turkish executives find that it is very easy to adapt to other environments. Language barriers are also easily overcome, particularly Turkic Republics in the CIS where most languages are dialects of Turkish. As a regional hub, Turkey has a lot to offer. It is the world’s 16th largest economy with a population of 65 million people – 70% of whom are young. The environment is dynamic, and the infrastructure is well developed. There is a large pool of mobile, highly experienced, executives who have strong regional experiences. A fast developing Economy The average growth rate of 6.8% for the last 3 years, which is well above many OECD countries, implies a dynamic and growing economy. WTO outputs also state that Turkey is among the most dynamic 20 countries in world trade. Massive demand for infrastructure
investments There is a massive demand for infrastructure including energy (the annual investment requirement is expected to be 4.5 billion US Dollars yearly for power generation until 2010), and telecommunications (in 2000 investment needs are expected to be 4.5 billion US Dollars). High quality standards The new quality oriented entrepreneurship and workforce in both manufacturing and service sectors ensures high quality levels; this has been proven by three Turkish companies winning the European Quality Award consecutively in 1996, 1997 and 1998, and another Turkish company, winning the European Quality Award for Small and Medium Sized Enterprises. A state of the art telecommunications
network Turkey has a telecommunication network with the latest technology, that can easily compete with developed countries. Democratic parliamentary system Turkey is identified with its democratic parliamentary regime for 75 years and a stable growing economy within its region. Strong ties with Caucasia and Central Asia Turkey is the leading investor in Caucasian and Central Asian Turkic Republics. Due to the strong cultural and historic ties, Turkey provides privileged access and a perfect base to develop business with these countries.
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