A strong performance from Turkey’s banks last year produced a significant rise in total assets and an increase in equity capital, generating impressive growth across the industry. Turkish banks also continued to strengthen their position on the international stage by further diversifying their services, with a number of financial institutions extending their reach into the growing Islamic financial…
Click Here to Register Oxford Business Group is pleased to announce its media partnership with the 2nd Annual Port Expansion Summit which will be held on 14 – 15 March 2013, in Turkey. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, Click Here to Register 2nd Annual Port Expansion Summit: Developing the Port Sector in Turkey,…
A drive to restructure Turkey’s agricultural sector that includes ambitious plans to expand fruit and vegetable production is set to open the door for foreign investors looking to meet growing demand back home. Plans to drill new geothermal wells this year to help boost greenhouse production should further increase exports. However, the expansion is also prompting concerns that the introduction of…
Next year, 2014, marks the beginning of a cycle of anniversaries set to last until the end of 2018, as countries across Europe, North America and beyond commemorate the centenary of the First World War. Turkey is looking to combine the expected spike in interest in historic events with a concerted drive to boost tourism revenue.For Turkey, this cycle will kick into top gear in 2015, with the focus…
Peter Grimsditch, OBG Regional Editor for Latin America, was invited to give a lecture at the London School of Economics on November 29, 2012. The lecture pulled focus on the role of emerging markets and the current trend in the global economy. The Emerging Markets lecture is part of Oxford Business Group’s initiative to get involved with academic communities and immerse students in content that…
After watching growth top 8% in 2010 and 2011, Turkey is now seeing its economic expansion ease amid a slowdown in growth both globally and in the eurozone, the impact of civil war in Syria and the doubling of interest rates throughout 2012. Increased focus on domestic demand and exports could see growth rebound in 2013, however.Growth in the third-quarter of 2012 reached 1.6%, down on the 2.6% expected…
As the Turkish government drums up support for investment in renewable energy, international firms continue to face significant challenges in conducting environmental impact studies, securing funding and acquiring licences.Turkish officials have undertaken a number of efforts to encourage support for investments in renewables, such as sending representatives abroad to meet with prospective international…
A landmark return by Turkey to investment grade territory following an 18-year hiatus has brought fresh confidence to the country and could pave the way for a new era of investment.In early November, London-based Fitch Ratings upgraded Turkey’s long-term foreign currency issuer default rating (IDR) to BBB- from BB+, and its long-term local currency IDR to BBB from BB+. Fitch set the outlooks on both…
As the pension sector in Turkey prepares for upcoming regulatory changes, moves are under way in the private sector to transfer the pension departments of banks into more independent segments. Both of these developments are promising, given that they may lead to an increase in the domestic savings rate, which is currently low.The upcoming pension reforms, which will take effect at the beginning of…
Reforms to property laws, years of solid economic growth and political stability have combined to produce a real estate boom in Turkey. Buoyed by growing investor interest, which is particularly high in top-end developments, property prices in Turkey are rising rapidly, with luxury flats in Istanbul estimated to have more than doubled in value during the past eight years, surpassing $4500 per sq metre.According…
