Analysis

A thermal injection: Greenhouse expansion to boost agricultural investment
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A drive to restructure Turkey’s agricultural sector includes ambitious plans to expand fruit and vegetable production and is set to open the door for foreign investors looking to meet demand back home. Buoyed by favourable geographic conditions and abundant rainfall, Turkey’s agricultural sector contributed $62bn to the economy in 2012, after growing steadily over the previous three years on the…

Analysis

Eating well: The domestic market is projecting significant growth
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The expanding population, at about 1.3% per year, and changing demographics have helped Turkey’s food and beverage sector outpace global growth and make it a key market for investment. According to state statistics, a quarter of household spending goes to food, drinks and tobacco. Worldwide, the food and beverage market is estimated to be growing at about 3% a year, but the forecasted rate in Turkey…

Analysis

Healthy numbers: Low-cost and quality-assured health services provide the right formula
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As an increasingly popular destination for health care, Turkish medical tourism has seen impressive growth over the last five years. A combination of rising standards in medical practice, along with higher incomes and government moves to let the private sector find its own feet, have created a good quality medical sector with prices still well below regional and international rivals. The health tourism…

Analysis

Making inroads: The MICE segment is seeking to expand to new corners of the country
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In the effort to increase product diversity and enhance the year-round viability of the tourism sector, the meetings, incentives, conferences and exhibitions (MICE) segment is receiving growing attention – both from the government as well as from industry professionals. As an already well-established MICE destination, the focus is currently on developing the domestic infrastructure to further strengthen…

Analysis

A new type of park: Technoparks are drawing international and local interest
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A commitment to a more research-based economy is embodied in the science and technology districts that have proliferated nationwide. Between 2003 and 2012, the number of local “technoparks” rose from 12 to 49, while the number of companies hosted in these sites grew from 169 to 2174. “Although Turkey has yet to develop the research and innovation capacity of more advanced economies, the country…

Analysis

The cutting edge: New technological advances are helping to produce and harvest crops
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Robot tractors, geothermal greenhouses and cloned trees are part of the farming sector’s push to modernise, but more innovation is needed. The hot trend in the automotive industry may be self-driving cars, but a more practical and productive application has quietly taken place for years: driverless tractors. Turkey’s farmers can already turn to unmanned tractors guided by GPS and sensors while…

Analysis

Need for speed: 4G mobile network technology offers competitive advantages
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As Turkey’s young, technologically engaged population increases its internet usage on a variety of platforms, the mobile internet market is set for substantial growth in 2013. Having traditionally lagged behind other nations in 3G development, Turkey is now in an advantageous position to roll out 4G and 4G long-term evolution (LTE) networks, offering customers the fastest mobile internet speeds in…

Analysis

New rules and regulations: A draft law will restructure media oversight
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The media and advertising industry in Turkey has been undergoing some important regulatory changes in recent times, and this process is likely to continue in the coming year. On the one hand, the state has become more involved in the measurement of media effectiveness, thanks to an expanded role for the radio and TV authority. On the other hand, 2013 will also likely see a new draft consumer law make…