Turkey is endowed with immense social and cultural wealth, and is a strategic crossing between Europe and Asia. In addition to being one of the main routes for transportation and energy lines, Turkey is also noteworthy with the opportunities and potential it offers. Lucky to have the dynamic population the business world needs, Turkey also offers the ideal conditions required for investments, thanks to its liberal economy.
Moreover, Turkey has a Customs Union with the European Union, and is also on track with accession negotiations with the EU.

AVERAGE GROWTH: 5 PERCENT

Turkey, which has its leading export and import partners in Europe, achieved an average annual growth of 5 percent since 2002. Turkish economy is expected to become the fastest growing one among all OECD members, in the next 5 years as well. Turkey’s exports grew from 47 billion USD in 2003, to 152 billion USD by the end of 2013. The same period saw tourism revenues grew from 14 billion dollars to 32.3 billion.

STRONG BANKING SYSTEM

Once Turkey got out of the political and economic crisis it endured in 2001, it first secured political stability. Then, it proceeded to implement necessary reforms of its banking system, which was one of the hardest hit sections of the economy. Thanks to these reforms, Turkish banking system was able to evade the string of bankruptcies which hit financial institutions in the US and EU from 2008 on. Turkish banking system is praised as a model of confidence and profitability, from Western Europe to Middle East.

ATTRACTED 135 BILLION DOLLARS

In addition to the finance sector, which proved its mettle against the global economic crisis, Turkey has also drew attention with its strict financial discipline and stable economy policies, and attracted 135 billion US Dollars in foreign direct investments in the last decade.
Thanks to this excellent performance achieved in such a short time frame, Turkey became an extraordinary "rising economy" in the global arena. In 2013, 2013 Turkey ranked 6^th among EU member states, and 16^th largest economy of the whole world, in terms of purchasing power parity figures for GDP.

COMPETITIVE EDGE IN THE MARKET

1 Strong macroeconomic fundamentals
2 Substantial domestic market
3 Strong growth performance
4 Strong public and banking sectors
5 Dynamic and competitive private sector
6 Young and educated population
7 Rapid industrialization and urbanization
8 Rapid increase of purchasing power
9 Strategic geographical location
10 Developed infrastructure
11 Generous investment subsidies
12 State subsidies for SMEs, exports, and R&D
13 Customs Union with the European Union
14 Accession process for the European Union
15 Free Trade Agreements with more than 20 countries
16 Strong export performance
17 Substantial know-how in Med-Hi-tech industries
18 Major potential in services
19 Rapid increase in foreign direct investments
20 Strong positive expectations regarding medium-long term

Source: Istanbul Chamber of Commerce, Competition Development Coordinator

LAW FOR FOREIGN DIRECT INVESTMENTS

Turkey implemented structural reforms to ensure better support for foreign investments, through the "Foreign Direct Investments Law". The most important change was the adoption of the tracking system rather than the screening regime, and the introduction of notification requirement instead of the preliminary permit requirement. Furthermore, Investment Consultation Council and coordination committees were set up.

In this context, the following opportunities are offered to potential foreign direct investors:

* Liberal economy and business environment
* Free entry to and exit from the market
* Ability to set up a company on an average of 6 days (OECD average: 11 days)
* Equal treatment of all investors
* Domestic investor treatment for foreign investors
* Opportunity to set up firms with 100 percent foreign capital
* Opportunity to set up a firm without obtaining any permit
* State guarantees for foreign investments
* Guarantee for the transfer of profits abroad
* Opportunity to set up new firms, branches, or offices
* Opportunity to employ foreign personnel in key positions
* Equal treatment in all subsidies and support opportunities
* Opportunity to purchase real estate, for foreign investors.

MINIMUM WAGE IN TURKEY

Gross: TRY 1,071 (USD 487)
Net: TRY 846 (USD 385)
Employer's share of Social Security Premium: 15.5%
Employer's share of Employment Insurance Fund Premiums: 2%
Total cost for the Employer: TRY 1,258.43 (USD 572)

EMPLOYMENT AND CAPITAL SHARE

For each foreigner for whom a work permit is to be obtained, at least 5 Turkish nationals should be employed. The capital share of foreign shareholders should be at least 20 percent, and TRY 40,000. The paid in capital of the enterprise should be at least TRY 100,000, whereas the gross sales should be at least TRY 800,000. In case of 'eligible' Foreign Direct Investments, the foreign shareholder and key personnel would be exempted from these requirements.

ELIGIBLE INVESTMENTS

In order to qualify for this group, the capital share held by foreign nationals should be at least TRY 1,062,691, whereas the company's turnover in the last year should be at least TRY 79.8 million. Provided that the abovementioned capital share requirement is met, the company's exports in the last year should be worth at least USD 1 million. The company should employ a staff of at least 250 registered with the Social Security Agency (SGK). In case of actual investments, the minimum fixed investment figure should be at least TRY 26.6 million.

ORGANIZED INDUSTRY

There are more than 180 Organized Industrial Zones (OSB) in Turkey. OSBs offer infrastructure in the form of roads, water, natural gas, electricity, communication, and waste treatment utilities. VAT exemption for land purchases in OSBs, and other advantages regarding water, natural gas and communication expenses are available. Relevant Agencies: Supreme Agency of Organized Industrial Zones (www.osbuk.org); Organized Industrial Zones Association (www.osbder.org).

TECHNOLOGY DEVELOPMENT

There are 34 active Technology Development Zones in Turkey. 5 of these special investment zones which aim to attract high-tech investments are located in Istanbul. The enterprises to invest in Technology Development Zones are offered VAT, employment premium, and operating advantages. Relevant Agencies: General Directorate of Science and Technology; Technology Development Zones Association.

FREE ZONES

Free zones are special investment zones which are kept outside the customs area of Turkey. There are 20 free zones in Turkey. These offer 100 percent exception for customs duties, as well as corporate income tax exemptions, VAT and special consumption tax exemptions for manufacturing firms, as well as income tax for employees. Relevant Agency: Ministry of Economy, General Directorate of Free Zones

TURKEY IN 2014

GDP: USD 800 billion
Per Capita: USD 10,822
Growth: 2.9%
Inflation: 8.17%

06 Ağustos 2015 Perşembe

Etiketler : English

DİLŞAH KEFLİOĞLU

President Recep Tayyip Erdoğan laid the foundation of Atatürk Cultural Center for its reconstruction project on 10 February 2019. The centre was opened after the completion of the project in 2.5 years.

The opera sphere in AKM’s entrance was built with 15 thousand unique handmade red ceramic tiles. The design of the building’s façade aimed maximum benefit from daylight, and a green roof system was applied with an environmental-friendly approach. The opera hall, named the grand hall, features a foyer with nearly 4 thousand 500 square meters and seats 2040 people. The pit in the lobby has sufficient size to host a massive orchestra of 118 people.

A MOVING STAGE

The stage mechanics and systems are built with the world’s leading technologies. They comprise a 65-meter stage depth, four main stage elevators, 13 compensator elevators in the side and backstages, and four mobile wagons that will remain above these. Besides, there is a rotating stage wagon in the main hall. All halls of AKM are furnished with top-level equipment in terms of acoustic, sound, lighting and displaying systems.

COMPRISES OF FIVE BLOCKS

AKM’s halls were designed acoustically, and the built orchestra shell offers an excellent sound quality in plays and concerts asa homage to original AKM’s ceramic artist Sadi Diren. The centre and the spiral staircase in the original centre’s foyer were restored to their original design. The centre comprises five blocks founded over a field of 30 thousand square meters, and AKM has an indoor space of 95 thousand square meters. The natural stone coating over the façade and internal venues of AKM draw attention.

A MODERN DESIGN

There are four basements with a total size of 48 thousand and 705 square meters, a stage, backstage rooms, foyer areas, workshop and storage areas, ballet practice lounges, practice rooms for soloists and orchestras, a recording studio, rehearsal rooms, art galleries and exhibition rooms and coffee shops. Furthermore, the rehearsal halls, recording studio, soloist and orchestra practice rooms were designed in a modern way acoustically.

DESCENDED FROM FATHER TO SON

Architect Hayati Tabanlıoğlu conducted the construction of AKM in 1956-1969, and it is one of the original premises of one of Taksim Square’s symbols. After the big fire in 1970, AKM opened again in 1977. The centre used to seat one thousand and three hundred people; however, it was transformed into a complex after the reconstruction by increasing its capacity and functions. Architect of the new AKM is the son of center’s original architect Hayati Tabanlıoğlu’s son, Murat Tabanlıoğlu.

A CULTURE STREET

As part of the AKM project, Culture Street includes an art gallery, movie theatre, restaurant, café, a book café, arts centre for children, a music platform, library, a design shop, and a multifunctional lounge.

Another significant aspect of the AKM project is that the centre gained a 24-hour living area to the neighbourhood with a connection from the Taksim Square to Istanbul Technical University’s Taşkışla Faculty and Atatürk Library. With the new centre, a second square will be formed in congress valley direction, where Atatürk Library and Istanbul Technical University remain.

22 Şubat 2022 Salı

Etiketler : English

HAMİT KARDAŞ

The postgraduate programs designed by the Istanbul Commerce University based on the requirements of the business realm offer career opportunities to international students wishing to come to Türkiye for education. There are postgraduate and PhD programs in the University for those wishing to upgrade their degrees. Expert academicians and special facilities carry out the postgraduate programs. Postgraduate courses are performed in five institutes within the body of COMMERCE.

INSTITUTE OF FINANCE

As Türkiye’s first institute in finance, this institute is structured with an integrated perspective by taking Istanbul’s private and public sector focused finance theory, management and policy, financial economy, and applied finance compatible with Istanbul’s aims to become a global finance centre into consideration. The institute offers four postgraduate and two PhD programs.

INSTITUTE OF COMMUNICATION SCIENCE AND INTERNET

The first institute focusing on the internet area, the Communication Science and Internet Institute, aims to develop the new theoretical perspectives and research methodology deemed lacking in the area, reveal interdisciplinary research forms, and improve data generation for its implementation in required areas. The institute offers PhD programs and thesis and non-thesis master programs.

FOREIGN TRADE INSTITUTE

With the privilege of being Türkiye’s first Foreign Trade Institute, this institute conducts practices and research on a sectoral basis towards the market and launching academic level postgraduate programs. Thesis and Non-Thesis Master programs are available in the institute. Moreover, PhD programs in two different areas are offered.

SOCIAL SCIENCES INSTITUTE

Social Sciences Institute is carrying out education and research activities with many programs prepared in line with the sector’s requirements. Doyens in the finance and real sector are among the institute’s academic staff.

INSTITUTE OF SCIENCE

Institute of Science offers postgraduate and PhD programs with eleven different programs. Urban Systems and Transport Management, Conservation and Restoration programs within the structure of this institute are the leading postgraduate programs in this area in Türkiye. The Cyber Security PhD program stands out as well.

For the postgraduate programs of the University: https://international.ticaret.edu.tr

MASTER’S DEGREE IN COMMERCIAL DIPLOMACY

Commercial Diplomacy Postgraduate Program is Türkiye’s first and only commercial diplomacy program. The program continues to accept applications. Commercial diplomacy is a vast area where negotiations in multiple aspects are carried out to solve disputes that hamper global trade. Joint solutions are generated, and international cooperation is developed through signing agreements on commerce and investment.

Commercial Diplomacy Department Head Assoc. Prof. Uğur Yasin Asal stated that through the postgraduate program, they aimed to train graduates who has in-depth knowledge of commercial diplomacy terminology, who can build intercultural communication,who attach importance to entrepreneurship and wish to enhance entrepreneurial skills and academic aspect of commerce as commercial diplomacy experts.

MOST PRESTIGIOUS GLOBAL EDUCATION INSTITUTION OF THE YEAR

Istanbul Commerce University was declared as the year’s most prestigious educational institution in the private education institutions category by The ONE Awards, one of the most exceptional standards in its area. For the seventh time, the award ceremony of the ONE Awards was executed with the cooperation of Marketing Türkiye and Akademetre Research and Strategic Planning. In addition to the brands increasing their prestige the most in the year, media, PR, advertising and digital marketing agencies that played a role in this success were awarded. Celebrating its 20th year of establishment, Istanbul Commerce University was awarded as the year’s most prestigious educational institution.

Istanbul Commerce University’s President Prof. Dr. Yücel Oğurlu mentioned that they were proud to receive the award and said, “The momentum gained by our University in the recent period is very pleasing. We will not be satisfied with this and work more to enhance the value of our University’s diplomas.”

THE HIGHEST OCCUPANCY RATE

Istanbul Commerce University achieved a hundred per cent success in this area by launching the online education system in the swiftest during the pandemic. The University remained in the educational institutions to achieve the highest occupancy rate among the foundation universities and filled 95.5% of its capacity this year.

400 ONLINE EVENTS

Istanbul Commerce University is among the most preferred universities for postgraduate degrees. The University carried out its social responsibility projects academic and cultural activities throughout the pandemic and held over 400 online events in the past year.

22 Şubat 2022 Salı

Etiketler : English