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Turkey

  • 12% CAGR in pax traffic between 2002-16 
  • Penetration is still quite low with passport ownership at low teens
  • Demographics support further market growth in the long term 2nd most populous country in Europe with a population of 78 mn
  • Fastest growing and youngest population in Europe
  • 68% of the population is between ages 15-64, while %25 are between 0-14 and only 7% are above 65 years.
  • Ministry of Transport projects 350 mn pax by 2023, implying to a CAGR of 9%
  • Turkish carriers’ ambitious fleet expansion plans
  • 3.9 mn Turkish immigrants living in Europe offers a resilient traffic flow
  • Single-party government offers political stability
  • EU candidate, committed to structural reforms

Georgia

  • Located on the east of Black Sea, Georgia controls most of the trade routes through Caucasus Mountains.
  • Constructions of several oil and gas pipelines such as Baku-Tbilisi-Ceyhan have proved the strategic location of Georgia.
  • Georgian Economy had been one of the fastest growing economies among Former Soviet Union until the dispute with Russia on Abkhazia and South Ossetia.

Macedonia

  • Is an important crossroads of trade in Balkan Region
  • Adoption of visa liberalization for Macedonia in Dec 2009 has freed the traffic between Macedonia and EU member states of 500 mn population.
  • Joining the European Common Aviation Area (ECAA) has boosted traffic

Tunisia

  • The privatization policies of the Government have pushed the economy forward over the past decade
  • Tunisia had been getting increasingly popular as a holiday destination before the tragic Bardo and Sousse attacks.
  • Has 10.5 mn young population, 23% of which is between ages 0-14 and 70% of which is between 15-65.

Saudi Arabia

  • The holy cities of pilgrimage in Islam, Mecca and Medinah, are located in Saudi Arabia.
  • The cities are attracting an increasing number of Muslim pilgrims each and every year.
  • Saudi King is very supportive of increasing the hosting capacity of the cities.

Latvia

  • Latvia joined the euro zone on January 1st 2014.
  • Latvia is ranked the 21st in the world by the Ease of Doing Business Index prepared by the World Bank Group,
  • Transport and logistics are among Latvia’s priority sectors

Croatia

  • Croatia is ranked among the top 20 most popular tourist destinations in the world, and was voted world's top tourism destination in 2005 by Lonely Planet

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