EBRD: ‘The economy came out fast from the coronavirus shock’
In the first quarter of this year, with its 7% performance obtained in a yearly basis, Turkey made a strong start at 2021, while being the fastest growing country among the OECD countries whose data are disclosed. Roger Kelly, Regional Chief Economist at the European Bank for Reconstruction and Development (EBRD), said: “Turkey has a very resilient economy. I think it’s coming out of shocks pretty quickly. This is something we saw in 2009 after the global financial crisis and also in 2016 after the coup attempt. We absolutely saw the same thing last year, the economy came out of the coronavirus shock quickly.” Noting that Turkey may be positively affected by the global liquidity conditions in the coming period, Kelly said that Turkey has always had strong foundations, which made Turkey an attractive place to invest. “I expect the economy to grow around 4 to 5 percent this year. If the tight monetary policy stance is maintained, the Turkish economy is expected to grow by around 4% in 2022.” Kelly said.
Antalya is ready for the season with the ‘Safe Tourism Certificate’
Antalya, one of the most important tourism destinations of the world and where more than 94 thousand foreign residents from 90 countries live, attracts investors from 108 countries, especially from companies with Russian, German and Iranian capital. In the tourism of the city, steps are taken according to the “Safe Tourism Certificate” program, which is mandatory for hotels that want to serve. Ülkay Atmaca, President of the Professional Hotel Managers Association (POYD), said, “We have implemented the internationally accepted Safe Tourism Certificate program. We get your HEPP code as soon as you enter the door, measure your temperature, practice social distancing, cut off our guests’ contact with the food and beverage units, we take and give. We disinfect the rooms, the lobby and everywhere at regular intervals. We take many precautions, such as preparing special rooms for our guests who test positive.”
The number of businesses included in the Safe Tourism Certificate Program, which is applied at all levels of the tourism sector from airports to hotels, is increasing day by day. More than 10 thousand businesses that have been awarded this certificate so far fulfill all the 152 criteria in the program without fail. Risks are minimized by including the employees of the certified company in the priority vaccination program.
Sybiha: Turkey is an exemplary country in the fight against the epidemic in tourism
Ukraine’s Ambassador to Ankara Andrii Sybiha stated that Ukrainians are happy to have a holiday in Turkey, and that more Ukrainians will come to Turkey and Muğla this year as long as the epidemic conditions allow them to do so. Stating that Turkey followed a very successful path during the epidemic, Sybiha said, “When we look at the rate of vaccination, Turkey is one of the leading countries in the world. It can serve as an example for many countries in the world in combating this epidemic. I myself saw on the spot how seriously the issue of safe tourism is taken in Turkey. I am absolutely sure that there will be a great increase in the number of tourists coming from our country after the epidemic. There are magnificent natural beauties here and it is very impressive. In the last 4 years, the number of Ukrainian tourists coming to Turkey has continued to increase by an average of 20 percent annually. Arranging flights from different cities of Ukraine will be effective in increasing the number of tourists to come.”
‘Turkey is a very attractive market for direct investment’
According to the data of the Ministry of Industry and Technology, Georg Karabaczek, the Undersecretary of Trade for Turkey of the country which is the 4th country with the highest international direct investment in Turkey with an investment of more than 10 billion dollars, Austria, stated that its geopolitical location, strong logistical ties, the value given to quality in production and the capacity of its workforce makes it attractive to invest in Turkey and said: “We see great potential in more cooperation between Turkish construction companies and Austrian suppliers, especially in the construction sector.” Karabaczek pointed out that Turkey is an ideal bridge between the Middle East, Central Asia and African markets with its geographical location, and that it offering a very good flight network with strong logistics service providers such as Turkish Airlines, as well as hosting representatives from many countries in the region makes Istanbul an ideal place to do business. Emphasizing that Turkey is a country close to Europe with a large population, Karabaczek stated that the country is also an important market with its young and educated population.
A call to invest in Turkey’s digital transformation!
Lord Robin Janvrin, Prime Ministry Turkey Trade Envoy of the United Kingdom, which is among the top investing countries in Turkey and has a foreign direct investment of 11 billion pounds in many sectors in Turkey, said, “Globalization has entered a new era and the distances that previously limited international trade are disappearing. The digital economy is taking an increasing share of global trade and investment. Both the UK and Turkey want their economies to be ready for the future, and this will be achieved by investing in Turkey’s digital transformation together.” Lord Janvrin said that there are significant investments that need to be made in the field of low-carbon energy solutions and renewable technologies in Turkey, adding: “I see significant investment opportunities in smart city technologies, urban mobility and digital health that improve citizens’ lives and reduces environmental impact.”
2nd export record of all time was broken in April
Turkey’s exports increased by 109% in April to 18.8 billion dollars. With this value, the highest April export figure of all time and the second highest monthly export of all years were realized. In March, Turkey’s exports reached 18 billion 985 million dollars with an increase of 42.2 percent compared to March last year, and this was the highest monthly export figure of all time.
Turkey came to the fore in the G-20 with the increase in industrial production
According to the March industrial production index results announced by the Turkish Statistical Institute in May, the industrial production index increased by 0.7 percent on a monthly basis and by 16.6 percent on an annual basis in March. Industry and Technology Minister Mustafa Varank said, “Industry proved to be the locomotive of our economy in March as well. Industrial production maintained its upward trend for 11 consecutive months. In the first quarter, with an increase of 12.3 percent compared to the same quarter of the previous year, we are among the G-20 countries that have increased their industrial production the most.”