Republic of Türkiye

— The Hearth of the World

The Republic of Türkiye is a founding member of the United Nations (UN), Council of Europe, the European Bank for Reconstruction and Development and the Organization for Security and Cooperation in Europe (OSCE) as well as the World Bank, the IMF, the European Resettlement Fund, the Asian Development Bank, the Black Sea Economic Cooperation Organization, the Multilateral Investment Guaranty Agency (MIGA), the Bank for International Settlements (BIS) and the OECD. Moreover, Türkiye is also a party to the General Agreement on Tariffs and Trade (GATT) and a member of the World Trade Organization (WTO).

Since Türkiye was officially declared a candidate to the EU in the 1999 Helsinki European Council, it has been undergoing a historic period of reform and transformation. Ever since that time, necessary regulations have been completed in order to meet the Copenhagen Political Criteria. Numerous economic reform measures have also been adopted in accordance with the National Program and in response to Türkiye’s serious economic crises in 2001. Türkiye has restructured its financial sector, ensured transparency in public finance and enhanced competitiveness and efficiency in the economy. The European Council of 17 December 2004 announced that Türkiye has sufficiently fulfilled the Copenhagen political criteria and decided to open negotiations with Türkiye on October 3, 2005. The screening process was completed on October 13, 2006, within only one year. As of March, 2019, negotiations were opened for 16 chapters, among them in 1 chapter negotiations were provisionally closed.

Strategic Location

Napoleon once said, “If the world were only one country, İstanbul would be its capital”

Trading Hub

While the total exports is USD254.2 billion, the total imports is USD363.7 billion.

Strong Economy

Türkiye is the 19th largest economy in the world, as a member of G20.

Reliable Partner

Türkiye has aligned itself with the West and is a member of numerous int.’l organizations.

“The supreme guide in life is science.”

— Mustafa Kemal Atatürk

Facts in Number

The most crucial point of every story has been to be able to dream; the realities of tomorrow are hidden in today’s dreams. This is precisely why, as CRAS Solutions, we are never afraid to dream.

We proudly state that we dream of being among the top ten local companies with the highest EBITDA in the Turkish chemical distribution market.

We know how impossible it seems to reach our dream and how hard we must work. We believe in the power of being one, being a family. Our dreams will be possible if we succeed in being a real family with our suppliers and customers.

At CRAS Solutions, we believe!

Population

According to the results of the last 2016 Address Based Census, the population of Turkey is 82,003,882.

GDP, b USD

Türkiye is the 19th largest economy in the world with a GDP of USD905 billion.

Target Inflation, %

The year-end inflation forecasts are maintained at 36% for 2024, 14% for 2025, and 9% for 2026.

Policy Rate, %

The Monetary Policy Committee has decided to keep the policy rate constant at 45%.

Central Bank of the Republic of Türkiye

Meetings & Reports Calendar '24

MPC Decision Summary of the MPC Meeting Inflation Report Financial Stability Report
21.03.2024 28.03.2024
25.04.2024 03.05.2024 09.05.2024
23.05.2024 30.05.2024 31.05.2024
27.06.2024 03.06.2024
25.07.2024 01.08.2024 08.08.2024
22.08.2024 29.08.2024
19.09.2024 26.09.2024
17.10.2024 24.10.2024 31.10.2024
21.11.2024 28.11.2024 29.11.2024
26.12.2024 03.01.2025
23.01.2025 30.01.2025 06.02.2025
20.02.2025 27.02.2025
20.03.2025 27.03.2025

Have a Question?

CRAS Solutions is more than a traditional distributor.

Not only do we offer best-in-class products in the chemical industry, but we also work hand-in-hand with our suppliers and customers to streamline their manufacturing processes & maximize profitability.

If you have any questions regarding our products & services, please get in touch with us today or fill out the form. Our customer technical service team will get back to you soon.

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