Economy: Turkey fails to appeal to investors, WB says 2012-10-31

Economy: Turkey fails to appeal to investors, WB says

Turkey ranks 71st out of 185 nations in the World Bank's 'Doing Business 2013 Smarter Regulation for Small and Medium-Size Enterprises' statement, the same position it was in last year. "Turkey managed to maintain its ranking from the year before given that amount the other nations in the sampling were able to make as a lot of economic reforms as Turkey."

major area in which Turkey has made significant reforms is the field of construction permits, where the government has made dealing with construction permits easier by eliminating requirements to build shelters in amount nonresidential buildings with a total area of less than 1,500 square meters. The government has as well made it cheaper to receive construction permits, and the statement estimates it is now times easier to receive such a permit. "In addition, Turkey made enforcing contracts easier by introducing a new civil procedure law," read the statement, as daily Hurriyet writes.