Turkey is the largest and most important market for EDC in the Eastern Mediterranean region, evidenced by the opening of our Istanbul representation in 2010. The country's economy is increasingly driven by its industry and service sectors, although its traditional agriculture and textile sectors remain important employment drivers. Privatization of national assets is a growing trend creating investment opportunities for companies. Despite political turmoil in 2016, GDP growth reached 3%. The fall of the Turkish Lira agaist the US dollar is expected to severly effect the economy. EDC is closely monitoring the situation for further developments.