challenges doing business in turkey


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  • Why is Turkey running a deficit?

    Turkey is also running current account and capital account deficits that have been exacerbated by soaring energy import costs. As of Junes 2022, the central bank has maintained a 14% interest rate – a deeply negative rate in real terms – despite inflation soaring to over 70%.

  • Why is US-Turkiye trade down?

    At the time of writing, U.S.-Türkiye trade is down 12.4% YTD due primarily to a decrease in U.S. exports of LNG. In 2022, U.S. goods accounted for a little over 4% of total Turkish imports. The United States was Türkiye’s fifth-largest source of imports (behind China, Russia, Germany, and Switzerland).

  • Is Türkiye a good place to invest?

    The Republic of Türkiye, with the 19th largest nominal gross domestic product (GDP) and 11th largest GDP based on purchasing power parity (PPP), has long drawn the presence of U.S. corporations across sectors. Türkiye’s young population of approximately 85 million and highly favorable geostrategic location positively impact its investment climate.

  • Can a person not residing in Turkey buy or sell securities?

    Persons not residing in Turkey may purchase and sell securities issued by Turkish issuers, if transactions are facilitated through a Turkish bank or brokerage, and the relevant gains and purchase price are transferred through a Turkish bank. Funds in Turkish Lira or a foreign currency may be freely transferred abroad through Turkish banks.

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