Turkey is a country situated in the crossroads of Europe and Asia, bordering the Black Sea, the Mediterranean Sea, and the Aegean Sea.
The approximate population of Turkey is 80 million people, making it the 18th most populous country in the world. The capital city of Turkey is Ankara, and it is the second largest city in the country.
Turkey is a melting pot of cultures due to its strategic location and diverse history. As such, it has many different languages spoken within its borders. The official language of the country is Turkish, which is an Altaic language, and is spoken by over 70% of the population. Other languages spoken in Turkey include Kurdish, Arabic, and Zazaki.
Turkey is a republic, with a democratically-elected president and a prime minister, who is selected by the president. The legislature is comprised of two chambers, the Grand National Assembly and the National Security Council.
The economy of Turkey is predominantly market-based, but it has a strong public sector, with many government-owned businesses. The Turkish lira is the official currency of the country.
Turkey is home to many different religions, including Islam, Christianity, Judaism, and various other minority faiths. There is a strong tradition of secularism in Turkey, and the government actively promotes religious tolerance and freedom of worship.
Turkey is a major tourist destination, with its stunning landscapes, lush green forests, and vibrant culture. Major attractions include the ancient cities of Istanbul and Ankara, the Mediterranean resort town of Antalya, and the beaches of the Aegean and Mediterranean coasts. The country also boasts incredible hiking opportunities in the Taurus Mountains, and many archaeological sites.
Turkey is also a major producer of agricultural products, such as olives, cotton, grains, and citrus fruits. It is also a major producer of energy, with the majority of its energy production coming from oil and natural gas.
Overall, Turkey is a vibrant and diverse nation with a rich culture, an ancient history, and a vibrant economy. It is a major destination for tourists, and it is home to many different religions and languages. With its strategic location at the crossroads of Europe and Asia, it serves as a bridge between two continents.
Ease of Starting and Managing a Small Business
Starting and managing a small business in Turkey can be a daunting task, but with the right preparation and guidance, it is possible to successfully launch a business in the country.
The first step to starting a business in Turkey is to obtain a business license. This can be done by submitting an application to the Trade Registry Office, which is the government agency responsible for registering businesses in the country. Once the business is registered, the owner will be able to open a bank account and start operating.
The next step is to register with the Social Security Institution in order to receive social security benefits. This is an important step as it’ll enable the business to receive health care, pensions, and other benefits that employees may be entitled to.
In addition, businesses in Turkey are required to obtain a tax number and file taxes. The tax system in Turkey is complex, and it is important to consult a professional to ensure that taxes are filed correctly and on time.
Finally, businesses must comply with labour laws in Turkey. This includes providing employees with adequate safety equipment and wages, as well as following all applicable labour laws.
This content is only available to members
Overall, starting and managing a small business in Turkey can be a challenging process, but with the right preparation and guidance, it is possible to successfully launch a business in the country.
Major Companies and Industry Verticals
Turkey is a major market for companies and industries in the Middle East and Europe. The country has a population of around 82 million and a large consumer base. It is also a major hub for tourism and has a strategic position in the region.
The Turkish economy has been growing steadily since the 1990s, with the country now having a GDP of $764 billion. It is also home to a number of large companies and industries, including energy, automotive, banking, and technology.
The energy sector is one of the largest sectors in the country, with major players such as the Turkish Petroleum Corporation (TPAO), Turkish Electricity Generation and Distribution Corporation (TEIAS), and the Turkish Electricity Transmission Company (TEİAŞ). These companies are involved in the production, distribution, and transmission of energy in Turkey.
The automotive industry is one of the largest in Turkey, with companies such as Ford Otosan, Tofaş, and Hyundai Assan leading the way. The industry produces a variety of models, including passenger cars, commercial vehicles, and buses.
The banking sector is another major player in the Turkish economy. The country has several large banks, including Garanti Bank, İş Bank, and Akbank. These banks provide a wide range of services, such as personal banking, corporate banking, and investment banking.
The technology industry is also a major contributor to the Turkish economy. Companies such as Turkcell and Vestel are leading the way in this sector. They provide services such as mobile phones, tablets, and other consumer electronics.
Finally, the tourism industry is a major player in the Turkish economy. The country is home to some of the most popular tourist destinations in the world, such as Istanbul, Cappadocia, and Bodrum. This industry is a major source of income for the country, with millions of tourists visiting each year.