The Turkish economy has been very successful during the last decade. It entered has the group of the 20 largest markets in the world. Turkish GDP grew at the average level by 5.4% year on year. Thus the country continues to rise in the global rankings of the most attractive destination for investors. The recent success of the Turkey has its roots in the 1980s. During the past three decades, the country has transformed from a closed, agricultural country to a land powered by services and a privatised manufacturing sector. Turkey is now a strategic economic partner of Poland in the Middle East and Asia. Bilateral trade between the two countries in 2004-2011 grew nearly three-fold from $2 billion to $5.6billion.
Among the Polish companies present on the Turkish market there are: Selena, Polpharma, Herbapol, Solaris, and Maspex.
Turkey still has much to offer. By the time of the 100th anniversary celebrations in 2023, the republic’s government plans to invest $350-400 billion in infrastructure development – new airports, ports, bridges, railways and hospitals. According to the Investment & Promotion Section of the Polish embassy in Ankara, the greatest potential for Polish companies are the following sectors – energy and renewable energy, agri-food, automotive components, construction, medical equipment, ICT, defence industries, chemical, pharmaceutical, design and design.
Source: Polish Information and Foreign Investment Agency
Photo © Anna Karahan