1-July-2016
English, PDF, 346kb
SMEs are a key part of Turkey’s economy. The value-added created by SMEs increased by around 6% in the post-crisis period and employment in SMEs grew by around 9%. Turkey has enacted reforms to its company registration and insolvency procedures, which were costly and complex compared to other OECD countries. The effectiveness of these measures should be evaluated and further steps taken if necessary to stimulate business development.
1-July-2016
English, PDF, 346kb
The dynamism of Turkey’s business sector played a vital role in the country’s economic growth in the 2000s. However, because of competition-unfriendly product market regulations markets have not reaped the full benefits of this dynamism. Turkish authorities can help unlock growth potential by reviewing regulations and identifying where malfunctions are occurring.