Turkish ministry to visit around half a million businesses

ANKARA

Minister of Science, Industry and Technology, Nihat Ergün is seen. AA photo

The Ministry of Science, Industry and Technology has decided to visit over 400,000 businesses in 81 provinces of Turkey and to update their business, operational and inventory data. The ministry officials say that they would do this to be able to analyze the industrial and service capacity of the country as well as to compile more accurate economic and business data, daily Hürriyet reported yesterday.

One of the biggest automotive production facilities of Turkey was registered as an auto gallery and one of the most prominent telecommunication companies as a construction firm. The ministry has reportedly decided to examine the formal data of the businesses across the country to collect much healthier and accurate data.

“We have seen that the [economic and business] data in Turkey are conflicting with each other. I mean one company could be seen as an industrial manufacturer in the records of one ministry and the accompanying institutions, although it was in other records. If there is no accurate data, how can we develop good economic policies,” asked the Minister of Science, Industry and Technology, Nihat Ergün.