ITO Istanbul Economic Research
The Istanbul Chamber of Commerce (ITO) analyzed Istanbul’s share of the Turkish economy in 2022 in percentages in its “Istanbul Economy 100” research.
According to the ITO statement, Istanbul’s economy, which produces more national income than the total of 68 cities alone, produced 48.2 percent of tax revenue and 48.7 percent of total foreign trade in 2022, with the data available to date.
While almost 40 percent of home sales to foreigners took place in Istanbul, the address of 62 percent of foreign-funded companies was in Istanbul.
35 OUT OF 100 TOURISTS CAME TO ISTANBUL
The data for 2022 in the “Istanbul Economy 100” survey conducted by ITO is listed below:
* If Turkey had 100 people, 19 people would live in Istanbul.
* 35 out of 100 foreign tourists who come to Turkey prefer Istanbul.
* 30 lira out of 100 lira of national income produced in Turkey was created in Istanbul (2021).
* Istanbul companies earned 49 dollars for every 100 dollars of foreign trade.
* 48 lira of the 100 lira paid by the business world was raised in Istanbul.
24 OUT OF 100 INSURANCES ARE IN ISTANBUL
* 38 out of 100 corporate taxpayers in Turkey are located in Istanbul.
* 24 out of 100 insured employees were employed in Istanbul.
* 18 out of 100 homes were sold in Istanbul. 38 out of 100 foreigners preferred Istanbul.
LOAN OF 40 OF 100 TL USED IN ISTANBUL
* 40 of the 100 lira bank loan was used in Istanbul.
* Again, 41 lira of every 100 lira deposit is held at the banks’ branches in Istanbul.
* 41 out of 100 companies were established in Istanbul. Of 100 companies with foreign capital, 62 preferred Istanbul.
* 19 out of 100 motor land vehicles carry Istanbul registration plates.
* 50 out of 100 passengers traveled from Istanbul airports.
CITY SPECIAL INCENTIVE PACKAGE PROPOSAL
ITO President Şekib Avdagic, whose views were included in the statement, made 3 suggestions to encourage Istanbul.
Stating that a special incentive package should be prepared for the city, Avdagiç said, “A special incentive is provided for Istanbul in order to intensively support technological development, value-added increase, capacity expansion, compliance of the green deal, environment and sustainability. -themed investments of existing industrial facilities in Istanbul “The package would be very appropriate,” he said.
‘WE NEED TO PROTECT PURCHASING POWER’
Stating that his second proposal is the “regional minimum wage,” Avdagic said:
“We believe that the minimum wage should be determined regionally, just like Turkey is divided into regions in terms of investment incentives.
The minimum wage in Istanbul should not be the same as the minimum wage in the 5-6 incentive region. Because in a city where the demand is so high together with the density of national and foreign population, it is necessary to protect the purchasing power of employees and the competitiveness of our companies. In particular, issues such as accommodation and transportation provided by two or three vehicles increase the burden of the minimum wage.
APPLICATION FOR A LOAN SUPPORTED BY KGF
Third, Avdagiç applied for KGF-backed loans to companies in Istanbul, saying, “It would be beneficial to carry out a KGF-backed Istanbul region-specific loan study under different headings such as rental support package, staff support, commercial support package. . Furthermore, considering the high rental prices in Istanbul, it would be beneficial to introduce a regional rental tax withholding rate and apply a discount to this rate in Istanbul. (AA)