Turkey, the world’s 17th and Europe’s 7th largest economy exhibited a CAGR growth rate of 5% in last 12 years (except the local 2001 crisis and global crisis that have been experienced in late 2008 and 2009). This can be interpreted as the reward for the solid macro policies pursued since 2001. The size of the Turkish economy now reached USD 820 billion as of Q2 2013.
Turkey has continued to attract FDI with its charming fundamentals, where the country experienced approximately USD 1 billion investments from Japan too.
On one hand, Turkey’s alluring potential is highlighted by the expected annual growth of more than 4% through the next five years. But there are also a number of risks associated with Turkey and its sensitive position between the tightening regulatory environment of the EU, and the volatile Middle East. With our extensive Network spanning across the entire EAME region, PwC can help you capitalize on this exciting growth opportunity.
PwC Turkey consists of five offices in Istanbul (2), in Ankara, in Bursa and in Izmir, with 1,350 professional staff. PwC Turkey has a Japan Desk with a full time Japanese staff and supports business development of Japanese companies with a wide range of services and industrial experiences.