Doing Business In Turkey


Turkey is a contiguous transcontinental parliamentary republic, with its smaller part in Southeastern Europe and its larger part in Western Asia (i.e. the Balkans and Anatolia, respectively). The first part of the report aims to furnish some significant background information of Turkey.

1.1. Geography and Climate Doing Business in Turkey

The territory of Turkey is more than 1,000 miles (1,600 km) long and 500 miles (800 km) wide. It lies between latitudes 35° and 43° N, and longitudes 25° and 45° E. The country is encircled by seas on three sides: the Black Sea to the north, the Mediterranean to the south, and the Aegean Sea to the west. Turkey also contains the Sea of Marmara, which identifies the European- Asian separation, in the northwest.

Turkey is a transcontinental Eurasian (European-Asian) country. Asian Turkey (which is popularly known as Anatolia), that comprises 97% of the country, and is separated from European Turkey by two narrow straits; the Bosporus (that connects the Black Sea to the Sea of Marmara); and the Dardanelles (which connects the Aegean Sea to the Sea of Marmara), and the Sea of Marmara. European Turkey, which is also known as Eastern Thrace includes 3% of the country. While, the European section of Turkey forms the borders with Greece and Bulgaria, the Asian part of the country is bordered by Georgia to the northeast; Armenia, Iran and the Azerbaijani exclave of Nakhichevan to the east; and Iraq and Syria to the southeast. Turkey’s location at the crossroads of Europe and Asia makes it a country with a geostrategic importance.

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