Doing Business in Turkey Guide

Doing Business in Turkey Guide Quick Facts Full Name: Republic of Turkey Area: 783,562 sq km Population: 81,619,392 (July 2014 est.)

Capital: Ankara Languages: Turkish (official), Kurdish, other minority languages Religion: Muslim 99.8% (mostly Sunni), other 0.2% (mostly Christians and Jews) Life expectancy (at birth): 73.29 years (est. 2014) Government: republican parliamentary democracy Legal System: civil law system based on various European legal systems notably the Swiss civil code.

Currency: Turkish Lira (TRY / TL / YTL) Exchange Rate: £1 GBP = 3.67 TRY (September 2014) GDP per capita: $15,300 (2013 est.)

Natural resources: coal, iron ore, copper, chromium, antimony, mercury, gold, barite, borate, celestite (strontium), emery, feldspar, limestone, magnesite, marble, perlite, pumice, pyrites (sulfur), clay, arable land, hydropower.

Value of Exports: $167.6 billion (2013 est.)

Exports – Commodities: apparel, foodstuffs, textiles, metal manufactures, transport equipment.

Value of Imports: $242.9 billion (2013 est.)

Imports – Commodities: machinery, chemicals, semi-finished goods, fuels, transport equipment.

Climate: temperate; hot, dry summers with mild, wet winters; harsher in interior.

Natural hazards: severe earthquakes, especially in northern Turkey, along an arc extending from the Sea of Marmara to Lake Van. Volcanism: limited volcanic activity; its three historically active volcanoes; Ararat, Nemrut Dagi and Tendurek Dagi have not erupted since the 19th century or earlier.

Local Time: UTC+2 (Daylight saving time [+1hr] begins last Sunday in March; ends last Sunday in October) Dialling Code: +90 Internet Domain: .tr Source - CIA World Factbook, Google Currency Converter