INVESTMENTS IN TURKEY: THE CASE OF ARDAHAN

Gülsüm ELİK

Mumtozbek MUZAFFAROV

INTRODUCTION TO INTERNATIONAL MONETARY FUND

• IMF was established in 1945

• Turkey’s accession has been 2 years later to

IMF in 1947

INTERNATIONAL MONETARY FUND

policy advice to governments and central banks based on analysis of economic trends and cross-country experiences;

research, statistics, forecasts, and analysis based on tracking of global, regional, and individual economies and markets;

loans to help countries overcome economic difficulties;

concessional loans to help fight poverty in developing countries; and

technical assistance and training to help countries improve the management of their economies

Key IM

F

activ

ities

INTRODUCTION

Establishment in 1944

Turkey is one of the largest middle-income

partners

Turkey’s GDP exceeds 10000

16 spots to number 43 in the World Economic

Forum’s Global Competitiveness Index

Turkey between 2002-2010 years

Turkey between 2002-2010 years

MIGRATION TO ISTANBUL

800.000 population in 1927

1 million population in 1945

3 million population in 1970

7 million population in 1990

10 million population in 2000

13 million population in 2010

More than 15 million now

Courses of actions of Turkish Government for Improving Eastern Regions

Broad Arrangements

Investment Concerned Arrangements

Industry Administrative Arrangements

Regional Arrangements

THE LARGE SCALE INVESTMENT PROMOTION

Port and Port Services Investments (Investments totaling a minimum of TRY 250 million)

Manufacture of Refined Petroleum Products (Investments totaling a minimum of TRY 1 billion)

Mining Investments (Investments totaling a minimum of TRY 50 million)

Ardahan Vilayat

Inhabited Over 2700 years

Urartu, Med, Persian, Roma, Sasanids, Selcuks, Ilhanli, Karakoyunlu, Akkoyunlu, Safavi and Ottoman civilizations

Uniqnueness obtaining border with two states: Armenia and Georgia

Bakü – Tiflis – Kars railway construction

Variety tourism places: Çıldır lake, Yalnızçam wold, Ardahan Castle ….

The advantages of investing to the Ardahan: Cheap Labor Force Appropriate estates for industrial facility Partnership of local institutions Promotion of the government for investments Donation of EU for development of the territory Appropriate agricultural product for industry Research of the Ardahan University for prospering the

region Huge market in international arena with its customs to

the Caucasus

OUR SUGGESTIONS Baku – Tiflis – Kars railway Flexible Import & Export Pipeline & Airport Restrictions on Investments

WE LOVE ARDAHAN