Abdurrahman Kaan

Business representatives have expressed their appreciation for Turkey's new economic reform package aimed at boosting investment, production, jobs, and exports.

Members of Turkey's business community hailed the country's economic performance based on its gross domestic product (GDP) growth rate last year according to data released on March 1 by the country's statistical authority. 

Turkey's economy expanded 1.8% year-on-year in 2020 despite the economic fallout from the coronavirus pandemic, said the Turkish Statistical Institute (TÜİK).

Working on an ambitious slate of economic and legal reforms, top Turkish officials on Dec. 4 met with key business leaders. 

Lütfi Elvan, the treasury and finance minister, and Abdulhamit Gül, the justice minister, met with leaders of the Independent Industrialists and Businessmen's Association (MÜSİAD).