Prospects for Turkey's accession to the EU

The European Union is an economic and politician union that currently comprises 28 member states. Turkey's accession to the EU may be a key factor leading to changes in trade system and socio-economic situation of the EU. The purpose of this article is to present the prospects of Turkey's accession to the EU. It explores the genesis and evolution of Turkey's accession negotiations to the EU. Furthermore, it examines the benefits and risks of the potential accession of Turkey to the EU. The research problem formulated in this article has been solved on the basis of the statistical data from Eurostat. The method of analysis used in this work is both descriptive and comparative. We analyzed the basic indicators of the macroeconomic situation of Turkey and the EU before and after the potential accession of Turkey to the EU, such as population, GDP, GDP per capita, inflation, unemployment and trade balance.