Additional Information
Why State Agencies are included as 'buyers'
For many EECAN counties, the state agencies are some of the largest buyers of goods and services and they are the ones with the strongest purchasing power.
As governments in our countries are stimulating economic growth through implementing large scale infrastructure projects, the state agencies are the ones which spend money on purchasing on services and equipment.
As an example from Georgia, a UK Company Blandford Associates, has Tbilisi Municipality (a government agency) as a client. Blandford provides urban development consulting services to the city hall. The consulting service in this case means that Blandford would provide a design plan for the development of botanical gardens in Tbilisi, plan the execution of the design and then oversea the how the plan is executed.
Similarly, in the future, Tbililisi city hall will want to buy services for public transport optimization, energy efficiency, urban planning, smart cities, etc. So the governmental agencies are very good candidates to target for the UK products and services. The same logic applies to other sectors (ie. energy and/or technology) across EECAN countries.
Turkish Economy
Despite recent economic turbulence, Turkey’s 2019-21 ‘New Economic Programme’ provides a framework for reigning in inflation and reducing the current account deficit. A period of stability could see Turkey rebound from its current position; the IMF forecasts Turkey to recover to its 2018 GDP by 2020 and grow by 3% annualised over 2020-21.
In addition to this, the latest IMF forecast gives growth between 3 and 3.5% p.a. over the next five years.
