Istanbul (A Broader View)

Having left behind two decades of fast but unstable growth, Turkey established itself as an emerging economy attached and neighbouring to mature European economies. Its European identity still being heavily debated, the country has taken great leaps towards a market economy and an open democratic society. In only a few years, all major industries have been privatized and liberalised, foreign investment has soared hand-in-hand with ever-growing foreign trade, industrial production and tourism.

A lesser known fact about the recent Turkish development is the country's new role as an industrial production base of Europe. From automotive to home electronics, more and more European and multinational companies are carrying their production facilities to Turkey to take advantage of splendid and qualified human resources that this country can offer at very good rates.

While shifting of industrial production from mature and high-cost European locations to Turkey continues, a new phase of business integration between Europe and Turkey is about to take off: Shifting of professional services and intellectual production such as R&D, software development and IT services. Modern metropolitan areas in Western Turkey, in particular Istanbul, provide an abundant supply of well-educated, young, hard-working and agile IT professionals that a global business solutions provider can tap into.

IT labor costs in Turkey are clearly not as low as what Asian locations such as India can offer, however, Turkish IT workforce comes ready with a full command of modern business practices, and an inherent understanding of cross-border issues.

As a matter of fact, Istanbul, a bustling metropolis with a population nearing 10 million and a cosmopolitan social structure, is destined to emerge as one of major European business capitals in the coming decade.

At a few hours flight distance from other European markets, Istanbul is an ideal location for a highly-competitive, rapid and capable business solutions provider to start and to grow. Indeed, there is already a multitude of software development companies in Istanbul, mostly catering to the local businesses. Some of these providers already seek ways of offering their products and services globally..

Achieving international success, however, requires a sound business plan made with vision, foresight and experience in international operations. Solice Technologies is a proud Istanbul enterprise heralding a splendid future.

Özcan Özbilge
General Manager