In Turkey, the automotive production has started with assembly line productions of Renault and Fiat groups with local partners in 1970s. Bursa-Kocaeli-Sakarya triangle has become the automotive cluster of Turkey with an increased capacity.
The Belt and Road Initiative also provides Turkey the opportunity to pursue long-term political and economic benefits in Eurasia. This will centre Turkey as the leading economic power in Eurasia.
Changes in energy prices affect the Turkish economy in two ways. First, it affects supply. Secondly, it affects the demand side. In terms of supply, increases in prices cause a negative impact on production costs. On the demand side, these are the uncerta