Since the last International Energy Agency (IEA) review of Turkey’s energy policies, the country’s reliance on natural gas use has grown along with rising oil and gas imports, leaving the Turkish economy increasingly exposed to the volatility in oil and gas prices. Turkey aims to promote sustainable economic growth - the IEA urges the government to set a longer term energy policy agenda for 2030. However, owing to declining global liquefied natural gas prices, Turkey now has an opportunity to reduce its single supplier dependence, build a competitive gas market, and move ahead with its plans to create a regional gas hub.
Turkey’s power sector reforms have attracted private investment and fostered economic growth and energy access. Integration into a regional gas and electricity trade framework is moving along as a result of the first interconnection of Turkey with the European electricity grid and the construction of the Trans-Anatolian Natural Gas Pipeline that will deliver gas from the Caspian to Turkey and the European Union.
In that context, the IEA urges Turkey to complete the liberalisation of its electricity and gas markets in order to attract critically needed investment. The review also notes that Turkey should set up independent transmission system operators, competitive wholesale markets, and foster resilient and modern gas and electricity infrastructure.
This review analyses the energy policy challenges facing Turkey and provides recommendations for further policy improvements. It is intended to help guide the country towards a more secure, sustainable and affordable energy future.
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The number of young people not in employment, education or training (NEETs) remains elevated in many countries since the crisis. This country note examines the characteristics of those at risk of being NEET in Turkey along with policies to help meet the challenge. It also includes many new youth-specific indicators on family formation, self-sufficiency, income and poverty, health and social cohesion.
Productivity growth in the Turkish agricultural sector is supported today by better technologies, crop varieties and animal breeds. Yet improvements have slowed since the late 2000s, and the productivity gap between agriculture and the rest of the economy remains large. To overcome these challenges, Turkey will need to reduce the substantial technological and human resource disparities between small-holder and commercial segments in agriculture, and ensure more equal regional development. Considerable structural adjustment is also required, both within agriculture and in the overall economy, supported by broad policy actions in the areas of labour, education, social security systems, and land reform. Important efforts have been made to boost national innovation systems, but there remains considerable catch up in terms of the quality and impact of R&D.
La croissance économique a fait preuve d’une vigueur remarquable compte tenu des circonstances très défavorables des deux dernières années, au nombre desquelles on peut citer quatre élections nationales, des guerres à la frontière sud du pays, des tensions intérieures graves dans les régions orientales, des restrictions commerciales avec la Russie et l’afflux de millions de réfugiés.
The Secretary-General presented the 2016 OECD Economic Survey of Turkey and visited the refugee camp of Nizip. Mr. Gurría also held meetings with Turkish high officials and representatives of local businesses.
GDP growth has been resilient in Turkey in recent years despite many global and regional headwinds. Annual growth averaged 4.4% in the last four years. Compared to before the global crisis (to 2007) real GDP is 33% higher and 6.4 million net new jobs have been created. This comfortably puts Turkey near the top of the class in terms of post-crisis performance amongst OECD countries.
L’économie de la Turquie fait preuve d’une capacité de résistance remarquable face à un contexte économique mondial difficile. Toutefois, d’autres mesures pourraient être prises pour gagner en productivité et accélérer la transition vers une trajectoire de croissance plus équilibrée, plus durable et plus solide, qui permettra de relever les niveaux de vie dans l’ensemble de la population.
This database provides information on environmentally related taxes, fees and charges, tradable permit systems, deposit refund systems, environmentally motivated subsidies and voluntary approaches used in environmental policy in OECD member countries and a number of other countries. Developed in co-operation between the OECD and the European Environment Agency.
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SMEs are a key part of Turkey’s economy. The value-added created by SMEs increased by around 6% in the post-crisis period and employment in SMEs grew by around 9%. Turkey has enacted reforms to its company registration and insolvency procedures, which were costly and complex compared to other OECD countries. The effectiveness of these measures should be evaluated and further steps taken if necessary to stimulate business development.
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The dynamism of Turkey’s business sector played a vital role in the country’s economic growth in the 2000s. However, because of competition-unfriendly product market regulations markets have not reaped the full benefits of this dynamism. Turkish authorities can help unlock growth potential by reviewing regulations and identifying where malfunctions are occurring.