Author Archives: tur

Investment in Turkey

From 1954 to 1980, total direct foreign investment in Turkey was only $288 million. Since 1980, thanks to liberal direct foreign investment regulations which make no distinction between foreign and domestic investors, Turkey has issued foreign direct investment permits totaling over $25 billion (as of December 1999). Almost 5,000 foreign companies actively participate in the Turkish economy.

Turkey has also made substantial investments in and reaped impressive rewards from the tourism sector. During the last decade, the number of tourists and tourism revenues have increased considerably. In 2025, more than 60 million tourists will visit Turkey, generating revenue of $95 billion.

Major Exports of Turkiye

These include iron and metals, machinery, buses, chemicals, cement, ceramics, glass, cotton, textiles, leather, agricultural goods, tobacco, fruits, and foodstuffs.

Social insurance in Turkey

There are three big social security institutions established by the state:

– The Retirement Trust (Emekli Sandigi)
– The Social Insurance Board (Sosyal Sigortalar Kurumu)
– The Social Insurance Board for businessmen, craftsmen and others (Bag-Kur)

Every working person pays a %20 percent of his/her salary to the state (This is being done automatically by the properties). In return of this man are being retired after 30 to 35 years working and could make usage of the free health service of the government. Because the standards of many hospitals are below average, many people who could effort it do pay an additional fee to private health or life insurance companies.

Forestry in Turkey

Large areas in the South, West and Northwest are covered by Mediterranean vegetation, consisting mainly of thick, scrubby underbrush in the lowlands and deciduous or coniferous forests at higher altitudes up to the timberline. The humid northern margins of the country are the most densely wooded regions of Turkey. On the eastern Black Sea coast there are subtropical forests. The Anatolian interior is a region of steppes. Forests of mostly oak and coniferous trees exist only on the elevated areas.

The forest areas comprise of 25% of the total area of Turkey. 99% of the forests belong to the state. Forests in Turkey are very rich regarding plant types. As a country with different climates and different ecosystems, Turkey has a tremendously rich flora and fauna. The number of species of flowers in Turkey is approximately 9,000, out of which 3,000 are endemic, whereas in Europe there are 11,500 species.