YASED International Investors Association: We are proud that Turkey has climbed 17 ranks in the World Bank's Ease of Doing Business Index...
The World Bank
released the "Ease of Doing Business Report 2019". In the World
Bank's Ease of Doing Business Index, Turkey has risen 17 ranks compared to the
previous year, and ranked 43 among 190 countries.
Ahmet Erdem, the Chairman of
International Investors Association (YASED), indicated that it is a great
success for Turkey to have risen 17 ranks in the 'World Bank's Ease of Doing
Business Index' compared to the previous year .The Doing
Business Index is considered an important
indicator for international investors.
In his written
statement, Ahmet Erdem addressed the
importance of the ground covered by Turkey in terms of ease of doing business
in such a period when countries compete to attract more direct investments on a
global scale, and said:
of 17 ranks compared to the previous year in the World Bank's Ease of Doing
Business Index is an indicator of very significant improvements made by Turkey
in the relevant criteria and it is proof that reforms have been implemented successfully.
This result is very positive and an important
development in terms of both new investments and the efficiency of maintaining current
investments. Also, thanks to the reforms made in the criteria for ease of doing
business, Turkey is one of the top 10 improving countries among 190 countries
this year and has become the only country in this group from Europe.
of Doing Business Report and Index" is a study released by the World Bank
every year and is considered a guide by investors at the stage of making
investment decisions. It grades the applications which provide ease in terms of
companies in many fields such as company establishment, foreign trade
processes, obtaining loans, tax payment, enforcement-bankruptcy and
construction permit processes. The countries, which improve within the
specified criteria in the World Bank's
Ease of Doing Business Index, increase their competitiveness in terms of
business conditions, highly intense work has been performed recently on the
Coordination Council for the Improvement of The Investment Environment (YOIKK)
platform. YOIKK is one of the most
successful examples of the public-private sector collaboration tasked to
improve the business and investment environment in Turkey. Under the auspices
of our Chairman, YOIKK has recently gained an effective and efficient
structure. Its coordination is made by the General Directorate of Incentive
Practices And Foreign Capital within the Ministry of Industry and Technology of
Turkey. This success is a result of focused and well-coordinated activities.
express our gratitude to the Vice Prime Ministers, the Ministers and their
teams for the relevant period who directed YOIKK and enabled it to achieve this
success. As YASED, we have also made significant contributions to these
activities in YOIKK for over 16 years and continue to do so. We thank and
congratulate TOBB (Turkish Union of Chambers and Commodity Exchanges), DEIK
(Foreign Economic Relations Board), TIM (Turkish Exporters Assembly), TUSIAD
(Turkish Industry' and Business Association) and MUSIAD (Independent
Industrialists’ and Businessmen’s Association) with which we have worked in
cooperation and harmony to contribute to the development and improvement of
I would like to
indicate that, as YASED, we will continue to support, with all our strength,
the economic and legal reforms which will carry Turkey even further in all
areas thanks to our members' international knowledge and experience.
Chairman of YASED (International Investors Association)