Republic Day of Turkey
Republic Day of Turkey is anniversary of the declaration of the Turkish Republic, Turkey's public holiday marking the proclamation of the republic on October 29, 1923.
Many people in Turkey celebrate Republic Day on October 29 by attending performances and participating in traditional processions with flags and musical bands. The Turkish Republic's founder Mustafa Kemal Ataturk proclaimed Republic Day as Turkey's most important holiday.
Background of the Feast
After Turkey's victory in the War of Independence, the Turkish parliament proclaimed the new Turkish state as a republic. A new constitution, which the parliament adopted on October 29, 1923, replaced the constitution of the Ottoman Empire.
The leader in the Turkish War of Independence, Mustafa Kemal Ataturk, became Turkey's first president on the same day.
The symbols of the 29 October Republic Day in Turkey;
Turkish flags
Pictures of Mustafa Kemal Ataturk
Government ceremony in Ankara's Cankaya Palace
Art events and fireworks in Istanbul
Concerts and a torchlight procession in Izmir
Reference: GOTURKEYTOURISM.COM
Thanks to the reforms implemented, achievements in the macroeconomic field, improvements in the investment environment, rising productivity in business life, and the reduction of costs and processing times, Turkey has jumped up 10 places to 33rd in the World Bank's Doing Business 2020 report.
Commenting on the report, Turkish Vice President Fuat Oktay said that Turkey's primary target is to rank in the top-20 of the index.
Referring to the Ease of Doing Business Reform Workgroup led by the Ministry of Treasury and Finance, Minister Berat Albayrak also said that Turkey will proceed with the continuous reform process and will pursue its activities to improve the investment environment in the fields of company establishment, tax payments, and foreign trade. “In particular, by further reducing costs and increasing productivity in business life, we will raise the investment climate in Turkey to the highest level," said Albayrak.
Investment Office President Arda Ermut said, “Turkey has jumped up 10 places and ranked 33rd in the World Bank's Doing Business 2020 report. This remarkable increase serves as a reference for Turkey's investment potential. Turkey attaches great importance to FDI for its economic development. We believe that four of the main reasons to invest in Turkey include the ongoing successful economic reforms to support the inward investment proposition, having unique and strong market fundamentals, being an international hub for key sectors, and benefiting from a modern economy supported by a young and educated population."
Turkey ranked 69th in 2017, 60th in 2018, and 43rd in the 2019 editions of the report.
Reference: Presidency of The Republic of Turkey Investment Office
The Republic of Turkey will be hosting the First OIC High Level Public and Private Investment Conference under the theme “Unleashing Intra-OIC Investment Opportunities: Investment for Solidarity and Development" on December 8-9 2019, in Istanbul.
The Organization of Islamic Cooperation, in conjunction with the Islamic Development Bank Group and the Presidency of the Republic of Turkey Investment Office will be organizing this event. The main objective of the conference is to provide a unique global platform to engage private and public stakeholders through thematic sessions and B2B and B2G meetings from the 57 OIC member countries and to network among them and with the rest of world so to identify investment and cross-border opportunities that will lead to a boost in the intra-OIC investment flows and speed up regional integration toward a prosperous and stable region in the world.
Reference: Presidency of The Republic of Turkey Investment Office
