Investment - Cost of Doing Business in Turkey
One of the most important aspects of Turkey's business environment is that 35.6% of the labor force earn the minimum wage - the highest rate in the EU.
| Minimum Monthly Wage (gross and net) | |
| USD | |
| Net minimum wage | 287.85 |
| [+]Gross Minimum Wage | 401.75 |
| Total deduction | 113.89 |
| Cost for Employer | |
| [+] Total Cost for Employer | 625.82 |
| Source:Ministry of Labor and Social Security of the Republic of Turkey. Valid until 2009. USD 1 = TRY 1.5898 as of Nov. 11, 2008. |
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| Cost of Electricity | ||
| Cost of Electricity USD/kWh | ||
| Active Energy | ||
| Day | Night | |
| USD/kWh | USD/kWh | |
| Double Term Tariff | ||
| Industry mid voltage | 0.09374 | 0.04637 |
| Direct connection to the local power grid with private line (industry) | 0.08323 | 0.03612 |
| Single Term Tariff | ||
| Mid Voltage | 0.10771 | 0.06022 |
| Direct connection to the local power grid with private line (industry) | 0.09825 | 0.05118 |
| Source: TEDAS, as of Oct. 1, 2008. USD 1 =TRY 1.5898 as of Nov.11, 2008. |
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| Cost of Water for Industrial Use | ||||
| Type of Customer | USD/m3 | |||
| Water | Industrial Waste Water |
Total | VAT (%) | |
| ISKI (Istanbul Water and Sewage Administration) – Reference price | ||||
| Industry | 3.10 | 0.22 | 3.59 | 8 |
| Organized industrial zones - Reference price | ||||
| Gebze Org. Ind. Zone | 1.87 | n/a | 2.03 | 8 |
| Manisa Org. Ind. Zone | 0.31 | n/a | 0.34 | 8 |
| Source: ISKI, Gebze OIZ and Manisa OIZ, as of Nov. 11, 2008. USD 1 =TRY 1.5898 as of Nov.11, 2008. |
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| Cost of Natural Gas for Industrial Purposes1 | |
| Price per kWh (USD) | |
| Non-Free Consumer | Free Consumer |
| 0.054202 USD/kWh | 0.048442 USD/kWh |
| Non-Free Consumer: The group of consumers that has to purchase gas from the local supplier company. Free Consumer:The group of consumers that consumes more than 1 million m3 annually and that is eligible to purchase gas from other suppliers. |
|
| Source:IGDAS, as of Nov. 1, 2008. USD 1 =TRY 1.5898 as of Nov.11, 2008. |
|
| Domestic and Business Phone Calls (VAT & SCT* included) | |
| [+]Business Line | |
| [+] Phone calls based on call direction | |
| [+] International | |
| [+] Internet | |
| *SCT: Special Communication Tax Source: Türk Telekom, as of Nov. 11, 2008. USD 1 =TRY 1.5898 as of Nov.11, 2008. |
