Turkey has become a geo-strategic base for international business. A rapidly growing emerging market of 68 million people makes the country today one of the key trading partners of the European Union (EU). Turkey’s economic legislation is progressively aligning with the main policies and standards of the EU, as a result of the 1995 customs union and the EU pre-accession process.
Current economic policy in Turkey envisages increasing the role of the private sector in the economy. The public sector reforms are aimed at the decrease of borrowing requirements and channel excess funds to the more efficient private sector. Turkey’s network industries and natural monopolies are being introduced to competition by the removal of entry barriers as the state withdraws to a supervisory role in a functioning market economy. Significant number of privatizations will be finalized in the medium term.
AtoZTurkey.com Directory of Turkey includes related websites to Turkey business information on history, language, travel, finance, shopping, education, health, real estate, culture.
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