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Growth Forecasts for Selected Countries /Country Groups

RECENT DEVELOPMENTS IN TURKISH ECONOMY AND BILATERAL ECONOMIC AND COMMERCIAL RELATIONS BETWEEN TURKEY AND CZECH REPUBLIC. Necmi U ğ urlu Chief Commercial Counsellor of Turkish Embassy. Growth Forecasts for Selected Countries /Country Groups. Source: IMF, OECD, WB.

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Growth Forecasts for Selected Countries /Country Groups

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  1. RECENT DEVELOPMENTS IN TURKISH ECONOMY AND BILATERAL ECONOMIC AND COMMERCIAL RELATIONS BETWEEN TURKEY AND CZECH REPUBLIC. Necmi Uğurlu Chief Commercial Counsellor of Turkish Embassy June 2014 Turkish Embassy

  2. GrowthForecastsforSelectedCountries/Country Groups Source: IMF, OECD, WB • In 2013, Turkish economy grew by 4%. • According to figures for the first quarter of 2014 Turkish Economy growth rate is 4.2 % which is the highest in Europe 3 in the world. June 2014 Turkish Embassy

  3. Economic Targets of 2014-2016 Medium Term Program *Actual (Medium Term Program, Ministry of Development – October 8, 2013) • Medium Term Program which covers 2014-2016 period aims to reduce the current account deficit gradually and increase the growth rate by minimizing the effects of global uncertainty. June 2014 Turkish Embassy

  4. Real GDP Growth of SelectedCountries/Country Groups (2013) Euro Area Source: TURKSTAT, IMF • Turkish Economy expanded by 4.2 % in the first quarter of 2014. June 2014 Turkish Embassy

  5. GDP Per Capita Source: Dollar value is from TURKSTAT, PPP GNI value from World Bank, • Since 2002 GDP per capita has tripled from 3,492 USD to 10,782 USD in 2013. According to Purchasing Power Parity (PPP) GNI per capita surpassed 18 thousand USD in 2012. June 2014 Turkish Embassy

  6. Central Government Budget Deficit/ GDP (%)   Source: Eurostat,TUİK • Central government budget deficit/GDP ratio was 1.2% in Turkey in 2013 and Turkey satisfied the Maastricht criteria of 3%. Turkey also outperformed 21 EU Countries. • As for the Czech Republic is one of the best in EU countries with deficit/GDP ratio is 2.1 % June 2014 Turkish Embassy

  7. GovernmentDebt / GDP (%)   Source: Eurostat • Debt/GDP ratio of Turkey was 36.2% in 2012, which was below the level in 25 EU Countries and the Mastricht Criteria (60%). • Debt/GDP ratio of Czech Rep. was 46.0 % in 2012 second after Turkey June 2014 Turkish Embassy

  8. Potential of Population (2012) Source: World Bank and TURKSTAT (Turkey’s data are for 2013) • Turkey has a population of 76.7 million in which half of the population is under the age of 30.4. • Growth rate of population is 1.4% in Turkey, 0.2% in EU Countries and 0.1% in Germany and – 0.13 % in Czech Rep. . June 2014 Turkish Embassy

  9. B- FOREIGN TRADE OUTLOOK June 2014 Turkish Economy

  10. Targets in MerchandiseTrade * Actual (Source: TURKSTAT) **Forecast: Medium Term Programme, Ministry of Development, 2014-2016) June 2014 Turkish Embassy

  11. TOTAL EXPORT AND IMPORT OF TURKEY ($) Turkish foreign trade on the rise...Exports, which were USD 47 billion in 2003, rose to USD 152 billion by at the end of 2013. June 2014 Turkish Embassy

  12. Distribution of ForeignTrade in BroadEconomicCategories EXPORT IMPORT June 2014 Turkish Embassy

  13. Main ExportItems (Annual) Source: TURKSTAT June 2014 Turkish Embassy

  14. Main ImportItems (Annual) Source: TURKSTAT June 2014 Turkish Embassy

  15. Exports by Regions

  16. Imports by Regions

  17. Main Import Partners (Share,%) Main Trade Partners (Jan-Mar 2014) Main Export Partners (Share,%) Source: TURKSTAT June 2014 Turkish Embassy

  18. 2) SERVICES June 2014 Turkish Embassy

  19. Tourism Statistics (Billion $) 2011 2012 2013 ----------- ----------- ---------- Tourism income 28.2 29.4 32.3 Tourism Expenditure 5.5 4.7 5.3 Turkey ranks 6 th place in the world and the 4 th in Europe among the most favoured destinations in 2013

  20. Contracting Services Abroad Contributions to the overall economic performance: Creating foreign exchange inflow, exports, employment, technology transfer; adding to the machinery stock, facilitating internationalization RegionalBreakdown of Projects(%) • 38 out of the world’s top 250 contracting companies are Turkish. • Turkey ranks as the 2nd country (following China) in terms of the number of top contracting companies. June 2014 Turkish Embassy

  21. C- INVESTMENTS, FOREIGN CAPITAL and INCENTIVES June 2014 Turkish Embassy

  22. InvestmentClimate in Turkey June 2014 Turkish Embassy

  23. Time Requiredto Start a Business Source: Invest In Turkey • The required time to start a business is 6 days in Turkey. June 2014 Turkish Embassy

  24. SkilledLabourAvailability Source: Invest In Turkey • Scoring is between 0 and 10. June 2014 Turkish Embassy

  25. Breakdown of ForeignInvestmentsby Country * January-March Source: CBRT June 2014 Turkish Embassy

  26. InvestmentIncentiveSystem The current investment incentive system of Turkey is structured in four sub systems: • General Investment Incentive System • Regional Investment Incentive System • Investment Incentive System for Big Scale Projects • Encouraging the Strategic Investments June 2014 Turkish Embassy

  27. BİLATERAL ECONOMIC AND TRADE RELATIONS WITH CZECH REPUBULIC

  28. BILATERAL TRADE BETWEEN TURKEY AND CZECH REPUBLIC (1.000 US $ ) *The share of Turkey in Czech Rep. total imports is % 0.07 The share of Czech Rep. İn Turkey’s total import is % 0.08 June 2014 Turkish Embassy

  29. The Prominent Czech Companies which are doing business and cooperation with Turkish Companies in Turkey CEZ Pro Energy CKD Vitkovice Zentiva

  30. Turkish Czech Companies Cooperation in Third Countries Ronesans and PSG Cooperation won a tender in North of Iraq constructing power station for 1000 MGW. The total value of the project is 1 Billion US Dollar Secon project of the coopreation is building a business center in Petersburg (Russia) The total value of the project is 100 Million US Dollar.

  31. THANK YOU VERY MUCH FOR YOUR ATTENTION

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