Let’s assume that you are the owner of a business in your own country and you want to expand your market to Turkey. The Turkish domestic market is a very interesting selling area. Turkey has one of the fastest growing economies in the world, with a growing, young population that, in recent years, has witnessed a steady increase of its disposable annual income. Nearly every sector in Turkey’s economy has sho ...

Dear Reader, Turkey is booming. Its economy is growing fast and there are opportunities in nearly every sector. Yet, many foreign entrepreneurs are hesitant in taking the step of extending their business to Turkey. Unfamiliarity with Turkey’s language, its business culture and legislation keep many entrepreneurs from setting up a profitable business in Turkey or from entering into a fruitful collaboration w ...

In this article I would like to share some real useful information about establishing business in Turkey and the points one should pay attention to which I hope will help interested parties in making their road maps, when need be. Phase 1- Market research and cost analysis No matter in which sector you are or what your product/service is, a market research and feasibility study are necessary before entering ...

Istanbul, a giant city with historical and cultural resources and enormous business opportunities is challenging world giants such as Moscow, Paris, London, Tokyo, New York and many more. Istanbul was described as the most promising place for real estate investments in 2012. The number of modern shopping centers increased from 44 to 284 between 2000 and 2011.Turkey, as a regional hub providing easy access t ...

The healthcare system in Turkey is being developed under the 2003-2013 Health Transformation Program as part of the EU harmonization package. The purpose of this program is to increase the quality and efficiency of the healthcare system and enhance access to healthcare facilities with the introduction of a number of reforms. The harmonization with the EU and sector modernization is leading to considerable p ...

The Turkish chemicals industry has been active for several decades, providing many basic and intermediate inputs to various industries due to its geostrategic importance. The industry having a strong export potential employs more than 81,500 people mainly young and talented workforce in around 4,000 companies. The industry, 70% dependent on import ( import just 1,9 % from the Netherlands, ranking 14th)   of ...

As of 2000s Turkish companies started to become aware of a concept called globalization and how essential it was to survive in the business arena in the long run. Talking about giant companies in Turkey at the time KOÇ and SABANCI were the main groups that could be referred to as “BIG”… In fact, it has always been mentioned that KOÇ group was the first to take big steps towards shifting to a corporate cultu ...

With its rapid and stable economic growth the energy demand increases but Turkey still lags behind the developed countries in terms of energy consumption per capita. The use of electricity raised 61% from 31.846 MW in 2000 to 51.547 MW in 2011 and is expected to be 434 Billion KwH by 2020. Energy efficiency is an essential part of the environmental policies in Turkey. Investments in environmental technologi ...

Business case: Startup of a manufacturing enterprise in Turkey A leading global manufacturer of chemicals with operations in eight countries on three continents was undergoing a period of rapid expansion in terms of product numbers, production volume and countries. The company with key markets such as Europe and Northern America, considered entering the Turkish market, as well. The recession in Europe had c ...

A Business Case for Market research trip on site: Business Guidance in Central Anatolia In the early morning hours of a sunny day in Istanbul I received a phone call from the Netherlands. A family business specialized for over 40 years in the worldwide import and export market of agriculture machines. The company was supplying quality new, used and refurbished heavy machinery, farm agriculture machines, eco ...

Despite the uncertainties in the global economy Turkey is reported to have received US$ 6,5 billionof FDI in the first five months of 2012 with an increase of 11 percent as compared to the same period of previous year. The successful performance of Turkey in this regard put the country among top 23 countries attracting highest FDI, in 2011. The Turkish government is fully aware of the importance of attracti ...

Tracking emerging markets and developing opportunities for growth has started to become a necessity instead of being a preference. One of the major steps to be able to make the right decision for a successful investment is to determine whether the concerned market is a growing one. It is also of great importance to be aware of the opportunities that technology offers and to follow the increase in purchasing ...

You are planning to establish a company in Turkey.. or maybe you have already started an operation in this country.. It may be a great and successful adventure just like things might go wrong to end up with disappointment and failure.. These certainly depend on many factors like the right climate for investment, the right sector, good enough operating tools to include funds etc.. However the person at the t ...

My name is SEMIHA UNAL .. I am a business consultant and founding director of consultancy company called S4U (Solutions For You) based in Istanbul, Turkey. You can have detailed information about my career and past achievement on MY WEB PAGE I have been following this website (BTT) for a while and the editor of the site and I have agreed to combine our capabilities to provide foreign entrepreneurs intereste ...