Where
we work

Hungary

Hungary has a diversified economy that is well-integrated into the European markets and supply chain. Its robust manufacturing sector, developed infrastructure, and strategic location allow businesses operating from Hungary to capitalize on its European Union (EU) membership and the free movement of goods among EU Member States. The Hungarian economy is projected to experience accelerated growth in the medium term as its primary trading partners within the EU begin to recover more vigorously, which will significantly benefit key industries such as automotive, electronics, and machinery.

Türkiye

Türkiye’s strategic location at the crossroads of Europe, Asia, and the Middle East makes it a gateway for trade and investment, with easy access to major export markets. The country boasts a diversified manufacturing and strong production expertise across various sectors, from automotive and textiles to electronics and machinery. Its large consumer market supports domestic demand and long-term growth. With a dynamic private sector and booming tourism, Türkiye is well-positioned for continued economic success, offering significant opportunities for businesses and investors in the years ahead.

Azerbaijan

Azerbaijan is rich in mineral resources, mainly oil and natural gas, whose production has experienced a remarkable increase in recent years, leading to high economic growth. Azerbaijan is actively working to diversify its economy. The country’s real GDP growth is projected to accelerate gradually in the medium term, driven by increased gas production to meet supply commitments to the EU. Furthermore, growth in the non-oil and gas sectors and enhanced trade along the Trans-Caspian International Transport Route are expected to boost further Azerbaijan’s economic development.

Kazakhstan

With its vast oil, gas, and mining reserves, Kazakhstan is the largest economy in Central Asia. The country actively focuses on diversifying its economy, particularly on developing its industrial and IT sectors. Stability and continuity in economic policies and Kazakhstan’s crucial role in key transport corridors connecting Asia and Europe position the country for substantial infrastructure and trade growth. Over the medium term, Kazakhstan’s robust annual growth is expected to be driven by a combination of energy production, industrial expansion, construction activity, and agricultural productivity.

Uzbekistan

Uzbekistan, rich in natural resources and hydroelectric potential, is set for robust economic growth. Economic reforms, significant public investments, and favorable foreign investment conditions are driving the country’s sustainable development. As Central Asia’s most populous nation, it offers a large consumer market. The economy is expected to grow robustly in the coming years, supported by private consumption, investment, and a growing population. Key sectors such as retail trade, construction, and mining will sustain this growth, positioning Uzbekistan as a crucial player in the region’s economic landscape.

Kyrgyzstan

The Kyrgyz Republic is rich in metal deposits and has significant hydropower potential, offering strong growth opportunities. Recent structural reforms have bolstered private sector development, making the country attractive to investors across multiple sectors. The country also holds prospects for developing the tourism and hospitality industry. Furthermore, the development of railway links connecting China, Uzbekistan, and Kyrgyzstan will boost the construction sector and open new trade and investment opportunities. These initiatives position the Kyrgyz Republic for long-term economic growth and greater integration into regional markets.

icon Azerbaijan

Azerbaijan is rich in mineral resources, mainly oil and natural gas, whose production has experienced a remarkable increase in recent years, leading to high economic growth. Azerbaijan is actively working to diversify its economy. Furthermore, growth in the non-oil and gas sectors and enhanced trade along the Trans-Caspian International Transport Route are expected to boost further Azerbaijan’s economic development.

Population (in mn)
10.2
GDP (in USD bn)
~72.4
GDP growth (%)
1.1%
GDP per capita (PPP, current, in USD K)
23.6
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icon Hungary

Hungary has a diversified economy that is well-integrated into the European markets and supply chain. Its robust manufacturing sector, developed infrastructure, and strategic location allow businesses operating from Hungary to capitalize on its European Union (EU) membership and the free movement of goods among EU Member States.

Population (in mn)
9.6
GDP (in USD bn)
~212
GDP growth (%)
-0.9%
GDP per capita (PPP, current, in USD K)
45
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icon Kazakhstan

With its vast oil, gas, and mining reserves, Kazakhstan is the largest economy in Central Asia. The country actively focuses on diversifying its economy, particularly on developing its industrial and IT sectors. Stability and continuity in economic policies and Kazakhstan’s crucial role in key transport corridors connecting Asia and Europe position the country for substantial infrastructure and trade growth.

Population (in mn)
20.3
GDP (in USD bn)
~263
GDP growth (%)
5.1%
GDP per capita (PPP, current, in USD K)
38.5
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icon Kyrgyz Republic

The Kyrgyz Republic is rich in metal deposits and has significant hydropower potential, offering strong growth opportunities. Recent structural reforms have bolstered private sector development, making the country attractive to investors across multiple sectors. The country also holds prospects for developing the tourism and hospitality industry.

Population (in mn)
7.1
GDP (in USD bn)
~14
GDP growth (%)
6.2%
GDP per capita (PPP, current, in USD K)
7.1
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icon TÜRKİYE

Türkiye’s strategic location at the crossroads of Europe, Asia, and the Middle East makes it a gateway for trade and investment, with easy access to major export markets. TWith a dynamic private sector and booming tourism, Türkiye is well-positioned for continued economic success, offering significant opportunities for businesses and investors in the years ahead.

Population (in mn)
85.3
GDP (in USD bn)
~1,130
GDP growth (%)
5.1%
GDP per capita (PPP, current, in USD K)
42.3
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icon Uzbekistan

Uzbekistan, rich in natural resources and hydroelectric potential, is set for robust economic growth. Economic reforms, significant public investments, and favorable foreign investment conditions are driving the country’s sustainable development. Key sectors such as retail trade, construction, and mining will sustain this growth, positioning Uzbekistan as a crucial player in the region’s economic landscape.

Population (in mn)
35.7
GDP (in USD bn)
101.6
GDP growth (%)
6.3%
GDP per capita (PPP, current, in USD K)
11.1
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The Turkic Investment Fund is here to support innovative ideas that drive economic growth across
Turkic states. Submit your application to explore partnership and investment possibilities.

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