Costs

Stores eager for new system

The market is eager to see all brick-and-mortar stores reopen as early as possible, even if it is with the shopping by appointment system - dubbed "click inside" - that the government appears to be leaning towards at this stage. This may be the only way for retailers to contain massive turnover losses from the months-long lockdowns.

Red tape hard to cut in house sales

Before the lockdown measures came into force, it would take up to three visits in a week to a Citizens' Service Center (KEP) for the head of a major property group to obtain a document certifying the validity of his signature - one of the dozens of documents even large enterprises have to collect in order to perform a property transaction.

Foreign exchange rate and wage pressure on companies

The huge value losses of the Turkish Lira against the dollar and the euro throughout 2015, as well as the increase in the minimum wage and personnel expenses in general, are raising costs in all sectors. It seems as if this dual pressure, in the face of shrinking domestic and international demand, will make it quite a tough year for company managers.