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The new investment assistance law from the year 2003 places in and foreign investors and shows already first successes. However in the first nine months 2005 in Turkey foreign direct investments were transacted of 3,7 billion $. By these investments over 35.000 were created directly and indirectly. In contrast to this the sum of the foreign investments was appropriate for 4 billion from Germany until 2002 with comparatively small 5.5 billion $, of it alone.
Septembers 2005 were 11,707 foreign finance companies (inclusive enterprises with foreign participation) in Turkey actively of it 2,013 enterprises from Germany. Alone in the last 18 months 600 new German enterprises came into the country.
Thus the enterprises MAN ONES and DaimlerChrysler penalty in Turkey let build. The BSH (bosch Siemens domestic appliances) manufactures refrigerators and kitchen devices at the edge of Istanbul. The hard coal power station built in Iskenderun is the largest German investment project, with which the companies Steag and RWE invested approx. 1.5 billion US Dollar.
2004 was obtained by privatisation of the state enterprises only 1.2 billion dollar. 2005 advanced the privatisation of state enterprises. In the entire year 2005 16 billion dollar of privatisation earningses were obtained. If one includes the fees for the of private rights to use for the airport Havalimani", obtained the state of proceeds of 20 billion dollar.
The state obtained the highest incomes by the sales of 55% of Telekom. A Firmenkonsotium (Oger Telecom Ortak Girisim Grubu) offered 6.55 billion $ for the majority. The consortium of firms is a union of a Lebanese exempt private company (Saudi Oger) and the Telecom Italia. On 13 September 2005 the group as well as the SHELL group acquired the Petroindustrie enterprise For 51% the consortium 4.14 billion $ paid shares.
In October OYAK for 2,77 received billion $ 46.12% of the shares from earth me. Erdemier belongs to the 13 largest steel producers of the world. Oyak is the holding company of the "relief fund for the army" (Ordu Yardimlasma Kurumu). For 755 million $ the port went from Mersin to the PSA Akfen group out of Singapore.
Next are to be denationalized national energy, cement and the national lotterie enterprises.
At the beginning of of 2006 is lowered the corporation tax of 30% on 20%. At the same time the maximum rate is to be lowered with the income tax of 40% to 35%, the entry-level tax rate lies at 15%. Likewise a capital profits tax is to be introduced from 15% starting from 1 January 2006.
Above all lowering the corporation tax serves the stabilization of the competitive power of the Turkish economy opposite the Eastern European countries.
The tax evasion ratio was, after a report of the Treasury, 2005 about 26,22%. In absolute numbers the state loses so annually approx. 9 to 11 billion $ tax receipts.
Between 1992 and 2000 lay the portion of the public expenditures for
The official data to the BNE are to be enjoyed in particular in case of Turkey with caution. Since a substantial part of the restaurant achievement in the shadow economy (moonlighting, black market etc.) runs off, this cannot be seized by the authorities. Therefore "protects "economical achievement of Turkey might to be much higher than the official data. Official Turkish estimations proceed for the year 2005 from a portion of the shadow economy of the gross national income of 26%. While the European Union representative in Ankara this on 50% estimates.
The Turkish economy grew in the first six months of the yearly 2004 with a surprisingly high growth rate of 13,5% and overhauled thereby the front runner China even clearly.
In the year 2005 the Turkish economy in the comparison grew to the previous year somewhat more moderately. In the 1. Quarter could add the BNE around 5,3%, increased however to year end. After the state in the Vorquartalen had failed as growth engine (under household consolidation), acknowledged the public sector again. The public investments rose over over 36% in relation to the previous year quarter.
Data sheet:
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | |
| BNE growth in % | +6,3 % | −9,5 % | +7,9 % | +5,9 % | +9,9 % | +7,6 % |
| BNE | 201.44 billion $ | 148.22 billion $ | 180.89 billion $ | 239.24 billion $ | 299.48 billion $ | 374.76 billion $ |
| GROS DOMESTIC PRODUCT in | k.a. | k.a. | k.a. | k.a. | 508.7 billion $ | 575.7 billion $ |
| BNE per head | 2.965 $ | 2.123 $ | 2.598 $ | 3.383 $ | 4.172 $ | 5.008 $ |
| BNE per head in | 6.668 $ | 6.220 $ | 6.713 $ | 7.050 $ | 7.400 $ | 7.854 $ |
| Inflation in % | 50,9 % | 55,3 % | 44,4 % | 22,5 % | 9,5 % | 7,7 % |
| Export | 27.77 billion $ | 31.33 billion $ | 36.06 billion $ | 47.25 billion $ | 63.12 billion $ | 72.10 billion $ |
| Import | 54.50 billion $ | 41.40 billion $ | 51.55 billion $ | 69.34 billion $ | 97.54 billion $ | 115.70 billion $ |
| State deficit in % of the BNE | -11,45 % | -19,60 % | -14,53 % | -10,40 % | -7,0 % | -2,0 % |
| Unemployment | 6,60 % | 8,53 % | 10,35 % | 10,65 % | 10,3 % | 10,0 % |
| Debt conditions | 103.1 billion $ | 148.0 billion $ | 134.4 billion $ | 191.9 billion $ | 235.8 billion $ | 161.8 billion $ |
| Debt ratio at the BNE | 51,19 % | 99,88 % | 86,33 % | 74,40 % | 78 % | 67,5 % |
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