Turkey’s industrial sector includes a wide variety of manufacturers, primary producers and traders, responsible between them for a sizeable share of the country’s GDP. Steel, chemicals, pharmaceuticals, electrical and electronic equipment, building materials, cars, jewellery and clothing are all major export earners and magnets for international investors. All have benefitted from – and, indeed,…
While the global insurance industry saw growth slow over the course of 2013 and 2014, Turkey’s insurance sector displayed resilience, making the country an attractive market for investment and expansion. Despite fluctuations in other sectors and a depreciation of the local currency, in real terms Turkey’s insurance sector experienced significant growth in both the life and non-life segments. Overall,…
Turkey’s stock exchange, Borsa Istanbul (BIST), had a bumper year in 2014. It was the fifth-best-performing exchange globally, with the BIST 100 index rising by 26% and closing at a record year-end high. While the early months of 2015 were more muted, the appeal of the exchange and many of its listed stocks to investors is still strong. Turkey’s equity and bond markets felt the impact of cooling…
Turkey’s banking sector has proved resilient in the face of both the global economic crisis and more recent fluctuations in the economy. Loan growth remains fairly high by developed-market standards but has fallen in recent years, reflecting the market’s increasing maturity as well as regulatory moves to contain credit expansion with an eye on risk profiles. In the medium to long term, the market…
Throughout 2014 Turkey had to shoulder its fair share of international financial turbulence, especially in terms of currency volatility. However, despite investor concerns, the country has largely retained its appeal and long-term growth potential, provided appropriate structural reforms are enacted. The past decade has seen the economy thrive. A young and growing population and a strategically important…
Turkey has spent the last decade trying to maximise the potential of its geographical position to fuel export-led growth. While this has been hampered by a heavy dependence on imports, especially hydrocarbons, and a bulging current account deficit, the country has made great strides in increasing trade volumes and diversifying markets. With strong domestic growth and a sense of economic stability following…
Many have hailed Turkey’s growth over the past decade, and for good reason. The country averaged expansion of 5.4% between 2003 and 2013, one of the highest rates in the world. This was accompanied by drops in unemployment and poverty, as well as gains in school enrolment, home ownership and life expectancy. Since 2013, however, there has been a sharpening of disagreement over the direction of Turkey’s…
This forum will feature an interactive session focusing on Turkey's renewable energy market overview, enhancing the financial attractiveness for wind & solar projects and driving solar energy forward in Turkey. Confirmed Speakers include: Kimon Palinginis, Principal, The Boston Consulting Group, Greece John Fitzpatrick, Senior Partner, CMS, United Kingdom Erhan Cakar, Chairman,…
Türkçe Proposed changes to European Commission (EC) regulations governing the scrapping of ships look set to give Turkey’s ship-breaking and metal-processing industries a significant boost by shutting out rivals in Asia from part of this lucrative trade. Turkey is a major producer and exporter of processed metal products and holds the number one spot globally for the supply of reinforcement…
Leading Discussions include: Is political scene & upcoming elections putting PE funds under pressure? What are the strategies to deal with these changes? BIST Private Market as a new funding and exit alternative The importance of successful integration for M&A's Impact of the regulative and legislative changes on the PE market Acquisition financing and project finance transactions in…
