News and Insights

Skilled and Competitive Labor Force

Skilled and Competitive Labor Force

Türkiye's overall labor force is around 33.3 million people, which makes the country the 3rd largest labor force in Europe. Türkiye’s young population is an important contributor to labor force growth and has boosted the country’s rank over peer countries. Türkiye has posted the largest labor force growth among the EU countries. Source : [...]

Foreign businesses see Turkey as most important alternative supplier as country offers faster delivery and high quality.

Foreign businesses see Turkey as most important alternative supplier as country offers faster delivery and high quality.

Foreign businesses see Turkey as the most important country in addressing global supply chain issues, with its large production capacity and high manufacturing standards. While several countries had disruptions due to problems related to the pandemic measures including lockdowns and travel bans, Turkey proved its strong industrial infrastructure that continued its activities even during the [...]

Israeli Firms Eye Turkey Imports as China Shipping Costs Rise

Israeli Firms Eye Turkey Imports as China Shipping Costs Rise

Israeli businesses are seeking to increase imports from Turkey because maritime shipping costs are making supplies from China expensive. Given a choice between imports from the two countries “Of course, Turkey” made more sense, said Uriel Lynn, the president of the Federation of Israeli Chambers of Commerce during a trade delegation visit to Istanbul. “Shipping [...]

New railway connecting DP World port to Silk Road opens

New railway connecting DP World port to Silk Road opens

DP World connected the giant Yarımca port to the main railway line via a 1-kilometer railway that it built with its own means. A railway line connecting the DP World port in Turkey’s Kocaeli’s Körfez district to the Caspian Sea and then to China via the Kars-Tbilisi-Baku Railway opened yesterday. DP World Yarımca port, which […]

Taiwanese steel giant to establish plant in Dilovasi, Kocaeli

Taiwanese steel giant to establish plant in Dilovasi, Kocaeli

Taiwanese steel giant YC Inox is set to build a factory in Dilovası for $80 million. A total of 300 people will be employed in the factory which will start trial production in 18 months. The Taiwanese company also plans to establish a service center in Turkey. Taiwan Foreign Trade Development Council President Walter Yeh […]

Kocaeli: Locomotive of Economy, Capital of Industry and Technology

Kocaeli: Locomotive of Economy, Capital of Industry and Technology

Kocaeli, one of Turkey’s major industrial and port cities, has become the center of technology and innovation with the state’s recent investments and support for the private sector. With its employment, production, trade and innovation performance, an industrial port city in northwestern Turkey, Kocaeli, is one of the cities that make the strongest contribution to […]

Now the most globally connected country in South and Central Asia, Turkey’s economic growth is thanks to increased exports and rapid digitalisation

Now the most globally connected country in South and Central Asia, Turkey’s economic growth is thanks to increased exports and rapid digitalisation

Turkey is the most globally connected country in South and Central Asia, according to the latest DHL Global Connectedness Index (GCI), having had the 10th greatest gains in international connectedness out of 169 countries in 2017-2019, moving up 10 places to 55th spot. Located at the crossroads of Europe and the Middle East, Turkey is […]