KPMG
COUNTRY PROFILE
TURKEY
Join KPMG Turkey to experience working in a booming economy with a unique harmony of the modern and the historical.
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Overview “Working in Turkey is your chance to experience a unique country with a rich heritage that dates back to antiquity.”
• Turkey has been home to several civilizations: Hittites, Phrygians, Greeks, Romans, Byzantines, Crusaders, Seljuks, Mongols, Ottomans. • Turkey is a democratic, secular, unitary, constitutional republic with an ancient cultural heritage. • Turkey lies like a natural bridge between Asia and Europe, with Istanbul being the only city in the world to straddle two continents. • Turkey enjoys a variety of climates, ranging from the temperate climate of the Black Sea region, to the continental climate of the interior, then to the Mediterranean climate of the Aegean and Mediterranean coastal regions. • Turkey is a dynamic economy, with an annual GDP growth of %5.2 in the last 9 years. Despite the gloomy economic conditions in the majority of developed nations, Turkey remains a popular destination for foreign direct investment. > 17th largest economy, 5th largest economy when compared with the EU countries, according to GDP figures > GDP reached USD 772 Billions, more than tripled since 2002 (TurkStat), > Expected to become the fastest growing economy among the OECD members during 2011-2017 with an annual average real GDP growth rate of 6.7 percent (OECD Economic Outlook No. 86) > Institutionalized economy fueled by USD 110 billion of FDI in the last 9 years and ranked as the 13th most attractive FDI destination in 2012 (A.T. Kearney FDI Confidence Index) > A dynamic and mature private sector with USD 135 billion worth of exports and an increase of 275 percent between 2002 and 2011 (TurkStat)
• Turkey offers several opportunities for investors with its young, dynamic, welleducated and multi-cultural population. Turkey’s medium and long terms strategies, its developing economy and competitive business environment contributes to the economic boom. Growing economic activities and development promises a considerable growth in the audit, tax and advisory services. > Population: 75.627.384 - 77.3% of the population live in rural areas > Largest youth population compared with the EU > Over 26 million young, well-educated and motivated professionals > Strong banking system > Strong public and private healthcare • Turkey is a member of the UN and the NATO as well as an associate member of the EU.
“Turkish people revel in good food, good friends, good times and good nightlife.”
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What Turkey offers to you Tourist attractions • Istanbul: the Grand Bazaar, Topkapı Palace, the Bosphorus, Hagia Sophia, the Blue Mosque, Golden Horn, Beyoglu/Taksim, Prince Islands • Cappadocia • Ephesus, Pergamon • Holiday destinations with turquoise waters and white-sand beaches in Bodrum, Çeşme, Marmaris, Fethiye, Kaş etc. • Aspendos Theatre • The Temple of Artemis • The Mausoleum of Halicarnassus • Nine UNESCO World Heritage sites
Sports •Istanbul is a host city candidate for 2020 Olympics •Nearly 8400 km (5200 mi) of coastline: water sports and yachting •Hiking, white-water rafting, mountain-climbing, bicycling, skiing, hot-air ballooning • Erzurum Winter Olympics • Hosted 2010 World Basketball Championship • Eurasia Marathon • Competitive football, basketball and volleyball leagues
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What Turkey offers to you Events • Istanbul Film Festival •Tulip Festival • International Yachting Festival in Marmaris • Aspendos Opera and Ballet Festival
• International Wine Competition in Urgup • International Istanbul Jazz Festival • International Istanbul Music Festival
Food • Turkish cuisine is considered to be one of the 3 main cuisines of the world because of the variety of its recipes, its use of natural ingredients, its flavours and tastes which appeal to all palates and its influence throughout Europe, Asia, the Middle East and Africa. • It is in a sense a bridge between far-Eastern and Mediterranean cuisines. • Kebap, Döner, Meze, Baklava • Turkish coffee, Turkish tea, Ayran, Boza, Şerbet, Turkish delight, Raki, Turkish wine grapes
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Special Focus: ISTANBUL
“Professionals moving to Istanbul will find a vibrant and modern multicultural city, separated by the Bosphorus Strait, where East and West intermingle and come together to form a whole that is hardly recognised by the pieces.”
Istanbul combines its natural beauties with its historical and cultural accumulation and modern infrastructure, and is becoming a new favorite city for business and international organizations. • A wonderful combination of modern and historical • City of the Nobel prize-winning novelist Orhan Pamuk • The only city in the world to straddle two continents • Istanbul is a candidate for hosting 2020 Olympics. • 2013 Best European Destination • 2010 Capital of Culture • A 24 hours living city, a true metropolis • A major shopping destination • 3-5 hours to main skiing destinations • 2-3 hours to Europe and Middle East • 1 hour to southern beaches • Fabolous places to live near the Bosphorus • Great restaurants, bars and clubs
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KPMG Turkey • 3 offices in İstanbul (Headquarters), İzmir, Ankara • 700 employees including 32 partners, almost all speaking English (Office language is English) • 4 global desks: German, Japanese, Russian and Chinese • Special practices for US and UK clients • Sectors in focus: Financial Services, Energy & Natural Resources, Automotive, Property and Infrastructure
> KPMG Turkey has joined ELLP in 2010, and is in a transformation process since then.
> In 2012, KPMG Turkey has acheived highest growth rate in KPMG EMA Region: 24% growth in revenue, 15% growth in Audit, 30% growth in Tax, 36% in Advisory. > New services lines launched: > Legal Services & NCC Compliance > IT Advisory & Risk Consulting > Diversified T&R Services; Valuation, Strategy
Awards • Finance Monthly 2012 Global Awards “M&A Advisory Firm of the Year” in Turkey • Finance Monthly 2013 Global Awards “M&A Advisory Firm of the Year” in Turkey • M&A International Global 2013 Awards “Firm of the Year - M&A” in Turkey • Acquisition International Tax Awards 2013 “Turkish M&A Tax Team of the Year” “ Turkish Private Clients Tax Advisory Firm of the Year”
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KPMG Turkey Expatriate Community Currently 9 expatriates from many different countries work at KPMG Turkey Headquarters in Istanbul. Let them tell you what they think of working and living in Istanbul. “KPMG’s Turkey business is growing fast; 24% revenue growth last year, Advisory was 35%. The phone never stops ringing and the market opportunities are enormous.” Keith Durward, Head of Advisory, Partner “Turkey has been an amazing experience. Although I thought I knew the country it offered many great surprises to me, particularly Istanbul is exciting. At KPMG Turkey you feel like taking part in the development of something new at the crossroads of the West and the East.” Ergün Kış, Audit, Partner, German Desk Leader, Head of Automotive “In the last 4.5 years I have had the chance to work with great people, dedicated and friendly. Their readiness to help and exchange ideas either on professional or lighter topics made my adaptation to this new work environment and style easy to handle. And I am pleased to call some of them friends rather than colleagues now.” Frederic Raepers, Tax, Senior Manager “Before coming to Turkey, I had very limited knowledge about the country even though Turkey and Japan have very friendly, strong relations from the past. When I came here, I could feel this sympathy from the beginning, which made living/working here quite comfortable for me. I can feel the energetic atmosphere here in Turkey, which Japan has lost in the last 20 years. So come and join to Turkey!” Yuji Komiya, Japanese Desk, Senior Manager
Our Offices KPMG İstanbul Kavacık Rüzgarlı Bahçe Mah. Kavak Sok. No:29 Beykoz 34805 İSTANBUL T: +90 216 681 90 00 F: +90 216 681 90 90 KPMG Ankara Turan Güneş Bulvarı, Galip Erdem Cad. No: 41 Yıldızevler Çankaya 06650 Ankara T: + 90 312 491 72 31 F: + 90 312 491 71 31 KPMG İzmir Heris Tower, Akdeniz Mah. Şehit Fethi Bey Cad. No:55 Kat: 21 Alsancak 35210 İZMİR T: + 90 232 464 20 45 F: + 90 232 464 21 45
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© 2013 Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., a Turkish corporation and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved. Printed in Turkey.