To many, Turkey straddles the line between developed and developing, as well as East and West. Strong growth and structural reforms have caught Turkey on the radar of many international investors, and helped it become one of the largest economies in the Middle East and Eastern Europe. After overheating in the economy in 2017, the Turkish Government implemented reforms that are forecast to help the economy rebound with growth of 5% in 2020.
Turkey's huge domestic market and growing middle and upper income group are powering its economy and attracting businesses to set up shop there. According to the purchasing power parity, Turkey surpassed Spain, Canada and Australia to rank 13th among the largest economies in the world, and 5th in Europe. It also attracted $13 billion FDI in 2018, with European countries being its main source of investment, while the share from Asia has been noticeably on the rise.
To help members understand more about Turkey, Peyami Kalyoncu, the newly appointed Consul General of the Republic of Turkey, will update members on why investment in the country is growing and in which sectors. Atilla Ariman, Deputy Director General of E.S.T. Eyüp Sabri Tuncer Kozmetik San. A.Ş., a well-established Turkish beauty products brand founded in 1923, will share his experience on the business environment in Turkey on doing business in the country.
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