Turkey business Turkey investment
Commerce and Investment in Turkey
Turkey trades with many countries around the world. Foreign
investments in Turkey, are on the rise in the last few years,
especially, since the government openly start supporting a free open
trade, young population, excellent location, thus, making Turkey one
of the attractive markets for investors. Turkey is a leading
international player in the world markets in textile, transportation
food and more.
The big cities in Turkey are like many big cities around the world.
Old and new, with modern infrastructure.
The division of Turkey over two continents (Asia and Europe), brings
forth, a unique way of living. Many Turkey see themselves Europeans,
and Turkish patriots.
Turkey Industry and commerce
Turkey is between the leading countries in the world in the textile
production, and fashion. In Turkey has big banking services. It has
car industry, that manufacturer cars from world leading companies,
and electronics. Turkey's leather industry is well known world wide,
for its quality and styles, and is one of the world's leading
manufacturers. By the same token, the Turkish carpet industry, is
also known for its quality, and long tradition.
Turkey is also, a big peanuts, figs, apricot producers, and between
the lead in the world in the production of fresh vegetables, grapes,
Investing in Turkey - important Points:
Unique Geographical Location - Turkey is situates between
East and West, location that opens up a door between Asia and the
Middle East, to Europe, and the other way around.
In spit of fast political changes in Turkey, the growth average in
the last few years, is 6%, an indicator that shows a dynamic
economy. The Turkish economy is one of the fastest growing economies
in the world. The World Trade Organization, ranked the Turkish
economy as one of the world's 20th most dynamic countries in world
The Turkish market is a market of over 70 million potential
shoppers, and growing, with a fast increase in consumption of goods
and many other products.
Low Cost Professional Work Force
The Turkish workers are well known around the world. This work force
is low cost, highly educated and professional. It is also versatile
and well adapted to many types of work.
The country has the most advanced standards, in the world. They use
the American and European standards, in many of the industries.
Turkey Energy Sources
Turkey is rich in oil from the Caspian sea, and natural gas fields
in central Asia. These are the future's energy resources.
The Turkish communication industry, develops and advances rapidly.
In Turkey there are few cellular companies, in a fast growing local
Turkish Business Conduct
Setting an Appointment
A letter with the company's/business profile, before the meeting,
you a lot during the meeting.
Do not be late to the meeting. Especially in the big cities, you can
heavy traffic. Thus, you most allocate enough time to get to your
Do not expect to talk about business head on, with a Turkish
person. You will need to have “small talk” with your counterpart, in
she will get to know you.
Know that high executives do not come to work before 09:30 - 10:00,
they usually come back from lunch around 14:30.
January, July and August, are months where many business persons go
on long holidays, thus it is harder to set meetings then.
What need to be done before the meeting - Have enough business cards
(They do not need to be in Turkish). Give then to who ever you meet.
Give the receptionist your card. He/she will most likely keep it.
Give another card to the person you meet.
Drinking tea and cafe in meeting, is a very common thing. You should
not decline when you are offered a drink. It is very rude, and can
hurt the meeting. The Turks are known for their hospitality.
Remember, negotiation in Turkey is very slow, and it may last over
many cups of tea and cafe. The meeting starts with small talk and
many questions, questions that seam irrelevant to the meeting. Go
with the flow, do not go straight to business!
In a family business, the decision making is done usually by the
elder founder/s of the business. A personal connection must be
established before any negotiations can take place.
Remember elder people in Turkey are respectable and it is a mistake
to shout and bad mouth an elder!
It is customary to shack hands when meeting a man or woman in
Turkey. Turks might welcome a friend with a double hand shack or
kissing on both chicks. When you are introduced to a group of
people, always shack to elder's hand first.
The traditional Turkish greetings are: Merhaba (hello), Nasilsiniz?
(How are you?). The response to the last is “yiyim teshekur ederim”
(I'm well. Thank you). Any attempt by you to talk in Turkish, will
be welcomed by your host.
When sitting down, make sure your shows soles are placed on the
floor. It is rude and insulting to show them.
Placing one's hands across one's chest is rude
Keep your hands out of your pockets
Do not clean your nose in public, especially in restaurants. If you
have to, divert your head aside, and clean your nose as quietly as
The Turks nods their heads for yes, but for no, they have 2 ways:
Lifting one's eyebrows, when sometimes there is a sound added to
that; and tilting of the head backwards.
To get one's attention, the Turks wave their hand in an up/down
motion. “Follow me” is done by banding of the hand. It is rude to
point a finger at someone.
Topics of Conversation
Hobbies and personal interest, are good topics.
International non disputable topics (Do not to about the Kurds).
Asking a Turkish father about his family, is always good. A Turkish
father is happy to talk about his kids.
Do not talk about
Do not take sides in the Turkish politics
Do not partake with the Greeks, in regarding to the Turkish - Greek
Do not talk about religion things.
Do not show support to any of the big Turkish football teams (Galatasariö