NEWS

Opportunities are Plenty in Istanbul
July, 2015


Istanbul is expected to continue outperforming the rest of the country in the years to come. Its economy is forecast to rise by a Compound Annual Growth Rate (CAGR) of 6.6 per cent compared to a CAGR of 3.6 per cent in the rest of the country, according to Euromonitor International. These figures prove that Istanbul’s economy has grown resilient to regional challenges and positioned itself as an economic powerhouse.

The growing Istanbul economy has produced a growing middle class. International retailers are quickly moving in to take up this newly opened gap in the market. In the past year Apple opened the doors to its first store in the country. While the famous French department store Galeries Lafayette is set greet Istanbul shores in 2016.

Istanbul continues to strengthen its position in the global economy, reaping the benefits of its prime geographical position and strong economic ties with the neighbouring regions. If you are interested in seeing how you can take advantage of the growing economy in Istanbul, give us a call. We are your trusted legal and business advisors who can work with you to achieve your next goal.