Turkey's manufacturing industries are diverse and growing. Public-sector entities dominate manufacturing, accounting for about 40 percent of value added. Private-sector firms are dominated by a number of large firms that have diversified across several industries.
According to the Ministry of Economy, Turkey has Free Trade Agreements with 19 countries and has started negotiations with another 13 countries. There are also 19 free trade zones in Turkey which enable corporate, income and customs tax, and VAT exemptions, along with many other opportunities.
For more information on company contact details, please see the following link: 4.11 Additional Services Contact List
Turkey has a well-developed housing construction industry, building nearly 800,000 units per year. The statistics shows that there is about a 20 percent increase in prices annually, but costs are also increasing.
Rental properties are plentiful throughout Turkish cities, but are less common in rural areas. You will probably find the market overwhelming at first. Turkish apartments vary in size and quality, sometimes seemingly without rhyme or reason. In general, you will find newer apartments toward the outer edges of cities and older ones toward the middle. Most apartments in the new building have a security guards and surveillance cameras, where as those in the old cities do not have.
Turkey’s geographical position makes it a first reception and transit country for many refugees and migrants. As the result of an unprecedented influx of people seeking refuge, the country currently hosts more than 3.2 million registered Syrian refugees and is making commendable efforts to provide them with humanitarian aid and support and the large unregistered refugee population may mean the true figure is even larger. Turkish reception policies at the outset were predicated on the assumption that the conflict would come to a swift conclusion, allowing the displaced Syrians to return home, but as conditions continue to deteriorate in Syria and the conflict stretches into its fifth year, it has become clear that a shift in policy to encompass longer-term solutions is needed.
Electricity and Power
Electricity demand in Turkey is expected to grow at 4.5 to 5.0 per cent per annum, and the Turkish government is keen to diversify its energy sources away from imported oil and gas and meet future demand through increased use of renewable energy resources (RES) such as wind and hydropower thereby meeting demand in an environmentally sustainable manner while improving energy security. Turkey tends to use more RES for electricity generation. Wind energy is a major RES and Turkey has a potential for generating an estimated 48,000 MW of power from wind energy. The present installed capacity however is only about 2,700 MW, and the government aims to install 20,000 MW of wind capacity by 2023, which would account for some 25-30% of the projected peak demand in 2023. Turkey’s energy import dependency, mainly on oil and natural gas, is increasing due to this growing energy demand. Currently, Turkey is able to meet only around 26 % of its total energy demand from its own domestic resource
Electricity and Power Summary Table
Installed Capacity (MW)
Current Production (MW)
Thermal resources meet approximately 60% of Turkey’s total installed capacity for electric power generation, while 75% of total electricity is generated from TPPs. Of the total thermal generation, natural gas accounts for 49.2%, followed by coal for 40.65%, and 9.9% for liquid fuel. Nineteen TPPs belonging to the Turkish Electricity Generation and Transmission Cooperation (TEAS) and its affiliated partnership produce 74.6% of total electricity. Turkey’s average load factor is 61%, while the net unit generation cost is 4.19 cent/kWh. The availability of low-grade lignite’s in the country has led to the construction of lignite-fired TPPs. The use of coal, especially for power generation, is very essential to the continued economic growth of Turkey. However, advanced clean coal technologies should be considered for improving the environmental performance of coal combustion.
458 power plants operate as hydroelectricity in Turkey, the total installed capacity of which is 22,804. For the time being 165 hydroelectric power plant projects are under construction with a total installed capacity of 8,500 MW.
|Wind||There are 172 wind farms in Turkey, of which 171 were active in production with a total installed capacity of 6.195 GW making out 7.7% of the total installed power capacity of the country. The generated electricity was 15.685 TWh in 2016, which supplies 6% of the total electrical energy consumption|
Financial Service Providers
Banking dominates the Turkish financial sector, accounting for over 70 percent of overall financial services, while insurance services and other financial activities also show significant growth potential. There are 52 banks in Turkey (34 deposit banks, 13 development and investment banks, 5 participation banks). Out 52 banks, 21 hold significant foreign capital (30% of total assets are held by foreign investors).
Ziraat Katilim – Ziraat Bankasi
Türkiye Cumhuriyeti Ziraat Bankası (English: Agricultural Bank of the Republic of Turkey), commonly known as Ziraat Bankası, is a state-owned bank in Turkey founded in 1863 and is wholly owned by Treasury of Turkey.
According to a report on the "Top 1000 World Banks in 2004" published by The Banker magazine, T.C. Ziraat Bankası A.Ş. is ranked 115th. It had moved up 26 places from its previous ranking of 141
Ziraat Katılım is a member of Ziraat Finance Group, which has Turkey's largest bank Ziraat Bankası both per number of branches and total assets, as of 2016.
They have foreign branches and representative offices in more than ten countries.
Has IBAN, BIC, or SWIFT number?
There is no limit for transfer
Provides currency exchange?
Will initiate / receive wire transfers?
Provides Loan / Credit services?
Other Comments or Key Information
Provides various banking products and services to retail, small and medium-sized enterprises, and corporate customers in Turkey and internationally
*Basic details for the main office should be shown here, additional contact details for local/regional offices and full contact details for the main office to be included in 4.11 Additional Services Contact List.
All Regions of Turkey
All regions of Turkey including internationally:
Clearing and Forwarding Agents
Uni Logistics System - offers innovative logistics solutions for worldwide customers, not only between Turkey and other countries but also between different countries other than Turkey partnering with prestigious ship owners and a large network of agencies.
Caretta – Freight forwarding is one of the top 3 freight forwarding companies with full container export volume from Turkey.
For more clearing and forwarding agents please open the link below:
Logistics Plus Inc. (LP) is a leading worldwide provider of transportation, warehousing, global logistics and supply chain solutions. Founded in Erie, PA by local entrepreneur, Jim Berlin, 20 years ago, Logistics Plus has annual sales surpassing $150M and has been repeatedly recognized as one of the fastest-growing transportation and logistics companies in the country, a great supply chain partner, a top freight brokerage firm, and a great place to work. With a strong passion for excellence, our 400+ employees put the “plus” in logistics by doing the big things properly, and the countless little things, that together ensure complete customer satisfaction and success
Check the link below for other handling equipment companies in Turkey: http://www.shipserv.com/category/cranes-winches-lifting/turkey/TR/18
Postal and Courier Services
PTT Turkey-runs for the ever-growing quality and efficiency with the fully modernized technology. It owns an ISO-9000 Quality Certificate. The international outbound mail leaves the country within max. 3 days from International Mail Processing Center at the Istanbul Ataturk Airport (main hub). The most of the mail bags are transported by the state-owned Turkish Airlines (actually 219 destinations). EDI (Electronic Data Interchange) is provided whenever available.
There are other postal and courier services with the latest technology and equipment operating in Turkey:
MNG Kargo - http://www.mngkargo.com.tr/en/
Aras Kargo - https://www.araskargo.com.tr/web_18712_2/
Yurtici Kargo – http://www.yurticikargo.com/en/Sayfalar/default.aspx
United Parcel Service of America (UPS) - http://www.ups.com.tr/
DHL - http://www.dhl.com.tr/en.html
Printing and Publishing
Waste Management and Disposal Services
Turkey's waste management system is not a priority policy area. The country regardless employs several waste management practices including sanitary landfills incineration (only for hazardous waste), sterilization, composting, and other advanced disposal methods such as pyrolysis, gasification as well as plasma. The most common method of waste disposal in the country, especially for municipal waste, is landfilling. The municipal waste is collected on a regularly scheduled basis.The metropolitan municipality and other municipalities are responsible for providing collection, transportation, separation, recycling, disposal and storage of waste services.
According to the Turkish Ministry of Environment and Urbanization, the management of municipal waste is under the responsibility of municipalities as a regional management approach by the Ministry of Environment and Urbanization. Ongoing initiatives towards improving the municipal solid waste management in Turkey aimed to set up a waste management system acting in accordance with the related national legislation and EU legislation, covering the establishment of necessary waste treatment facilities (pre-treatment facilities and landfills) and transfer stations, reduction of the amount of waste, ensuring recycling and reuse, and reducing the waste transportation costs.
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Please note: WFP / Logistics Cluster maintain complete impartiality and are not in a position to endorse, comment on any company's suitability as a reputable service provider.