Turkey Now 33rd in the World Bank´s Business Index


Posted On: 8 November, 2019 In Blog

Turkey continues to gain significant improvements with its own economy and these positive changes have been recognised internationally by the World Bank´s business index which now places the country in 33rd place, an improvement of 27 places compared with 2017.

Though it has been tough in recent times with the operations against terrorist organizations in Syria and tight agreements with the US & Russia, reduced charges to transfer property, quicker times to obtain tax assessments, VAT exemptions on some capital Investments and continued growth in property investment have all contributed to its climb up the table.

Continuing to make the reforms and changes Beret Albayrak who is the Treasury and Finance Minister mentioned the plan is that ´by providing productivity in business life and reducing costs more Turkey will move up the investment climate to the top level´

It was interesting to note that New Zealand, Singapore and Hong Kong took first, second and third respectively in the report.

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