May 26, 2022

Improving Turkey’s investment climate key to growth, says World Bank Report

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Regional Investment Climate Assessment for Turkey Project closes with a series of data and analysis required to develop good policies

ANKARA, June 14, 2017 – The Ministry of Development, the Central Finance and Contracts Unit, the Delegation of the European Union to Turkey, and the World Bank convened today for the closing ceremony of the Regional Investment Climate Assessment Project (RICA).

Co-financed by the European Union and the Republic of Turkey, the RICA project conducted an Enterprise Survey covering 6,006 firms across all regions of Turkey and produced Regional Investment Climate Assessment reports for each of the 26 NUTS-21 regions, as well as a comprehensive report covering all of Turkey.

The project also produced an Investment Support Services Report to serve as a roadmap for improving the promotion of investment and supporting activities throughout Turkey. The report was accompanied by training of central and regional investment support staff to build capacity to implement that roadmap.

The final overall report, entitled Results of the Regional Enterprise Survey in Turkey, was launched today at the project’s closing event. The report presents an overview of the main findings of the Enterprise Survey, conducted between August 2015 and June 2016 with 6,006 managers and business owners in the manufacturing and service sectors across all regions in Turkey. The report provides information about firms and the environments in which they operate; it also identifies the constraints they face and opportunities for promoting sustained private sector growth and job creation.

“Improving the investment climate and encouraging growth in all regions is one of the most important goals of Turkey’s 10th National Development Plan. This project has helped provide the data and analysis required to develop effective policies to achieve this goal,” said Johannes Zutt, World Bank Country Director for Turkey.

“Most importantly it has helped build capacity in the Government of Turkey to conduct such analyses in the future, on a sustainable basis.”

1 The NUTS classification (Nomenclature of territorial units for statistics) is a hierarchical system for dividing up the economic territory of the EU for the purpose of the collection, development and harmonization of European regional statistics and as well as the Socio-economic analyses of the regions.

NUTS 1: major socio-economic regions

NUTS 2: basic regions for the application of regional policies

NUTS 3: small regions for specific diagnoses


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