Burak Oğuz, CPA
Turkey is a country, which has a potential to transform all advantages of its geographical position and community to an economic opportunity. Enormous accumulation of Anatolia has shown us what can be achieved with this potential in every period of history. No matter how many periodical problems are experienced and political dilemmas are deep, this reality has never changed. Turkey and its economy have succeeded to overcome every problem and to stay strong and alive as witnessed many times in the history.
Modern Turkish State achieved to stay strong with its enterprises and entrepreneurs in spite of the deep turmoil, wars and fractures experienced not only in its territory and but also in the world. Such capability supported by geography and history is the key feature, distinguishing Turkish economy from others.
Turkish economy called with the fluctuations in the last quarter century has passed many exams successfully. Turkey has never lost its investment and production atmosphere in spite of the periodical problems regardless of its quality and quantity. Even though performance losses have been experienced in economy, production and trade have maintained its dynamics.
Even investment in Turkey during the years experienced with problems rewarded the investors and entrepreneurs who believe in it. There is no foreign capital investor whose initiative has resulted in net loss. No matter how internal political conditions are, the ones, preferring Turkey for investment haven’t think about retreating and reinforced their investments with new ones except a few initiative groups which withdrew their investments as required by their company policies.
Ground of the ones, preferring Turkey for investment gained stronger characteristics than yesterday. Geographical advantages, well-educated, dynamic population structure, sincere and generous approach of the state for foreign investors have continued to remain the distinct advantages of our country in foreign capital investments. In spite of the foreign political tensions experienced from time to time Turkish states hasn’t been backward in attaching a special value on and supporting the investors, preferring Turkey for investment beyond being objective and without making discrimination for their origins. Turkey and its economy, suited in the spotlight of the Middle East, Caucasia, Russian Geography and Europe has a deepness to meet the economical needs of the said structures, each one represents a separate world.
Turkey differs clearly from its rivals with not only its geographical and logistics superiorities but also its ability to make well-quality products with affordable prices. Well-quality fall within the reasons of foreign capital groups for investment saves foreign investors from the severe competition of PRC-centered low-cost Far East production.
Turkey, where production costs are very low as compared with Europe has never got behind global standards in terms of quality. “Cheap and quality” image of the products manufactured in Turkey created around the world cause the entrepreneurs thinking about making investment in Turkey to pass their rivals.
Turkey is a good choice for investments from every sector and meets all grounds for a more powerful choice. That was the same yesterday, so today and it will be like this in the future.