Cost of Doing Business in Turkey
|
USD |
|
Net Minimum Wage |
374 |
| + Gross Minimum Wage |
475 |
- Social security premium payment (14%)
|
67 |
- Payment into unemployment insurance fund (1%)
|
5 |
|
|
61 |
- Minimum living allowance*
|
-34 |
|
|
3 | | |
|
|
|
Total Deduction |
101 |
|
Cost for Employer |
|
|
|
|
475 |
- Employer’s share of social security premium (19.5%)**
|
93 |
- Employer's payment into unemployment insurance fund (2%)
|
10 | | |
|
Total Cost for Employer |
578 |
|
* For single individuals without children and may vary according to marital status and number of children.
**Upon certain conditions, as an incentive, a five-point reduction in this rate is possible (down from 19.5% to 14.5%). Therefore, the total cost for the employer may be reduced to USD 554.
Source: Ministry of Labor and Social Security of the Republic of Turkey
Valid for the second half of 2010
USD 1 = TRY 1.6 as of June 2010 |
|
Cost of Electricity USD/kWh |
|
|
Active Energy |
|
|
Day |
Night |
|
|
USD/kWh |
USD/kWh |
|
Double Term Tariff |
|
Industry Mid Voltage |
0.100 |
0.050 |
|
Direct connection to the local power grid with private line (industry) |
0.087 |
0.037 |
|
Single Term Tariff |
|
Industry Mid Voltage |
0.115 |
0.065 |
|
Direct connection to the local power grid with private line (industry) |
0.103 |
0.053 |
|
Source: Turkish Electricity Distribution Company (TEDAS), as of January 1, 2010
USD 1 = TRY 1.6 as of June 2010 |
|
Type of Customer |
USD/m3 |
|
|
Water |
Waste Water |
Total |
VAT (%) |
|
ISKI (Istanbul Water and Sewerage Administration) - Reference price |
|
Industry |
3.39 |
0.24 |
3.93 |
8 |
|
Organized Industrial Zones (OIZs) - Reference price |
|
Bursa Demirtas OIZ |
0.3 |
0.11 |
0.79 |
8 |
|
Eskisehir OIZ |
0.31 |
0.29 |
0.65 |
8 |
|
Source: Istanbul Water and Sewerage Administration (ISKI), as of June 1, 2010
Bursa Demirtas OIZ and Eskisehir OIZ, as of May 2010
USD 1 = TRY 1.6 as of June 2010 |
|
Price per kWh (USD) |
|
Non-Free Consumer |
Free Consumer |
|
0.037 USD/kWh |
0.030 USD/kWh |
|
Non-Free Consumer: Those that have to purchase gas from local suppliers
Free Consumer: Those that consume more than 1 million m3 annually and are eligible to purchase gas from other suppliers |
|
Source: Istanbul Gas Distribution Company (IGDAS), as of June 1, 2010
USD 1 = TRY 1.6 as of June 2010 |
|
Business Tariffs |
Package Fee
USD/month* |
Free Calls/minute
(local and national) |
|
TT İs Avantaj 100 |
12.50 |
100 |
|
TT İs Avantaj 200 |
15.56 |
200 |
|
TT İs Avantaj 300 |
18.69 |
300 |
|
TT İs Avantaj 600 |
27.44 |
600 |
|
TT İs Avantaj 1,000 |
37.44 |
1,000 |
|
TT İs Avantaj 1,500 |
49.94 |
1,500 |
|
TT İs Avantaj 2,000 |
61.44 |
2,000 |
|
For All Business Tariffs:
-
All calls to GSM lines are charged at USD 0.23 per minute, all taxes included.
-
International calls are charged at USD 0.08. (First stage PSTN)
-
After using all free minutes, all local and national calls are charged at USD 0.09 per minute. |
| G.SHDSL |
USD/month* |
| Download and upload speed (Kbps) |
|
| 256 |
49.13 |
| 512 |
80.34 |
| 1024 |
131.21 |
| 2048 |
218 |
| Metro Ethernet |
Requirement specific |
| ADSL |
Various packages |
* All taxes included
Source: Turk Telekom, as of June 11, 2010
USD 1 = TRY 1.6 as of June 2010 |
|
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