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Size of Turkish e-business market expected to reach EUR 16bn this year.

January 31, 2014

12mn people will do shopping on the Internet in Turkey and the size of local e-business market is expected to reach TRY 50bn (EUR 1bn) this year, according to the head of the trade group ETID, Hakan Orhun.

The market grew around 30% last year, according to Orhun who noted that this grow rate is well above the expansion in the US and the European e-business markets. There are currently more than 36mn internet users in Turkey, Orhun also said.

Turkey's e-business market has grown around 40% each year, the head of the telecoms regulator BTK, Tayfun Acarer said in September last year.

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Source: IntelliNews - Weekly Reports

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