Turkey 


Many of Turkey’s new residents hail from countries like the UK, Germany, Ireland, Denmark, the Netherlands, Norway, Austria, Belgium, France, USA, as well as several of the Gulf countries. Thanks to the amendments in Turkey’s property law that lifted the reciprocity principle, foreign homebuyers and investors are now free to purchase any property in Turkey.

From flats in urban centers to villas in suburbs, there are a multitude of options to choose from when looking for housing in Turkey. Major metropolitan areas have the most modern and complete environment for an extravagant life in the city, where luxurious residence complexes offer all the daily amenities such as private security, kindergartens, sports complexes, social facilities, parking lots, and shopping malls for their residents.

The transportation system in Turkey makes good use of the country’s highly developed infrastructure. With more than 50 airports across the country, one can fly from one city to another in Turkey in less than an hour in most instances. An extensive network of dual carriageways and highways makes it very easy to drive from your home to any major city in Turkey. The high-speed train network, meanwhile, has been improving rapidly in the last decade; the 14 largest cities of Turkey are expected to be interconnected with high-speed train lines by 2023, the centennial of foundation of the Republic of Turkey.

Many private and foundation schools, in addition to public schools, offer education services. Moreover, international schools, where only pupils holding a foreign passport can attend, are present throughout the country. While schools providing education in European languages such as English, German, French, and Italian are available, there are other institutions where languages such as Russian, Japanese, and Chinese are taught as well.

The healthcare system in Turkey mainly operates with three different types of hospitals: public, university, and private. While social and health securities are governed in essence by the state, it is also possible to have private health insurance. The majority of hospitals in Turkey, both public and private, are either meeting or surpassing international standards in equipment quality and expertise.

Turkey’s rich geography and suitable terrain make the country an ideal place for alternative sports such as mountaineering, golf, scuba diving, rafting, skiing, and yachting. Naturally, well-established and popular sports like football, basketball, and volleyball have a considerable number of players and supporters all over the country.

Located in the Eastern Mediterranean region and surrounded on three sides by temperate seas, Turkey has a climate allowing for extreme variations in weather, often in the same region or province. As such, it is possible to go skiing in a mountain resort after sunbathing on a sandy beach, both in the same day.


Official Name of Country

Republic of Turkey

Capital City

Ankara

Government

Parliamentary Democracy

Population

78.7 million (2015)

Labor Force (Population)

29.7 million (2015)

Median Age

31 (2015)

Official Language

Turkish

President

Recep Tayyip Erdogan

Prime Minister

Binali Yildirim

Area

783,562.38 km²

Coordinates

39° 55′ North, 32° 50′ East

Time Zone

GMT +2

Neighboring Countries

Bulgaria, Greece, Syria, Iraq, Iran, Azerbaijan, Armenia, Georgia

Major Cities (Population)

Istanbul (14.7 million), Ankara (5.3 million), Izmir (4.2 million), Bursa (2.8 million), Antalya (2.3 million) (2015)

Climate

Temperate; hot, dry summers with mild, wet winters

Telephone Code

+90

Country Code Top-Level Domain

.tr

Electricity Voltage

220 V, 50 Hz

Currency

Turkish Lira (TRY)

Financial Center

Istanbul

GDP

USD 720 billion (2015-Current Prices)

GDP Per Capita

USD 9,261 (2015)

Exports Value

USD 144 billion (2015)

Imports Value

USD 207 billion (2015)

Tourism Revenue

USD 31.5 billion (2015)

Tourist Number

41.6 million (2015)

Foreign Direct Investment

USD 16.8 billion (2015)

Number of Companies with Foreign Capital

46,756 (2015)

Inflation Rate

8.81% (CPI-2015)

Major Exports Markets

Germany (9.3%); UK (7.3%); Iraq (5.9%); Italy (4.8%); USA (4.4%); France (4.1%); Switzerland (3.9%); Spain (3.3%); UAE (3.3%); Iran (2.5%) (2015)

Major Imports Sources

China (12%); Germany (10.3%); Russia (9.8%); USA (5.4%); Italy (5.1%); France (3.7%); South Korea (3.4%); Iran (2.9%); India (2.7%); Spain (2.7%) (2015)

Trade Agreements

  • Customs Union Agreement with the EU
  • Free Trade Agreements with Albania, Bosnia Herzegovina, Chile, Croatia, EFTA member countries (Switzerland, Norway, Iceland and Liechtenstein), Egypt, Georgia, Israel, Jordan, South Korea, Macedonia, Malaysia, Mauritius, Montenegro, Morocco, Palestine, Serbia, Tunisia

Traffic Flow

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