Although Turkey is often considered an emerging market, and indeed has many positive attributes that make it an attractive place to invest and do business, it is not a hotbed of entrepreneurship; and until it receives more governmental and societal support, it will not be for quite some time. In this country, population 75,705,147, there is a tremendous amount of capital and market potential, but there are many obstacles to attracting investment and opportunities for entrepreneurship. That said, there are also enormous possibilities for entrepreneurs in Turkey, provided that some of the country’s issues improve.
Turkey has a combination of economic growth and political stability that makes it an attractive place to do business. In 2010, mergers and acquisitions involving Turkish assets reached $25.6 billion, up from $1.1 billion a decade ago. Additionally, Turkey has begun pushing to privatize formerly state-owned industries, especially energy and telecommunications. Other state enterprises, such as … Read the rest