Turkey ranked 96th of 180 countries around the world in terms of corruption, according to the Corruptions Perceptions Index (CPI), prepared by the Germany-based international NGO Transparency International. The index, which ranks from least to most corrupt, aims to reflect the corruption of countries based on the perception of experts, NGOs, and business world representatives in the public sector. Turkey, with a score of 38, lost 12 points and fell 43 places from 2013, indicating a large increase in corruption. The country was among those with the largest drop in score in 2021. Compared to European Union countries, Turkey received a lower score than 27 member states. The country ranked 37th among 38 members in the Organization for Economic Cooperation and Development (OECD) and took 17th place among the members of the G-20. Turkey, which was at the top of the CPI among Eastern European and Central Asian countries in 2013, fell to 7th place last year.
The natural gas outage continues to affect the manufacturing sector in the country. Now, the malfunction fear has started in the cement industry, which is the second largest energy consumer. The majority of 56 integrated facilities in the sector will halt production due to the natural gas supply cuts and this situation could harm bricks already in cement klins, according to the Cement Industry Employers’ Association (CEIS). CEIS officials also said the supply may only last from six to nine months if facilities don’t have brick stock.
The private pension system offers opportunities since the legislative proposal for the Law on the Personal Pension Savings and Investment System was enacted, according to Atilla Belli, President of the Insurance Association of Turkey (TSB). Benli also said they aim for the total number of participants in the private pension system and automatic enrollment system to reach 17 million and for the total fund size to hit TRY 500bn.
The number of registered vehicles surged by 11.0% to 1.15 million in 2021, compared to the previous year, according to the Turkish Statistical Institute (TurkStat).
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