More Filters
There were 814 results found for:

All Regions and All Sectors

Interview

OBG talks to Y ücel Altunbaşak, President, Scientific and Technological Research Council of Turkey ( TÜBİTAK)
OBG
plus

Interview: Y ücel Altunbaşak How can Turkey leverage research and development (R&D) to create a more innovative economy? Y UCEL ALTUNBAŞAK: Turkey has made great progress in the R&D field. In the last decade Turkey had the second-highest rate of increase in R&D spending globally, after China. Since 2002, the number of full-time equivalent researchers has jumped three-fold, business…
Interview

OBG talks to Nuri Çolakoğlu, President, Doğan Media International
OBG
plus

Interview: Nuri Çolakoğlu How has Turkey’s media sector helped to strengthen trade ties with new markets? NURI ÇOLAKOĞLU: The soft power created by Turkish drama series is a natural development of the evolution of the country’s media sector. The first breakthrough came in 1992, when private channels were launched and more dynamic programming emerged. The real turning point came in 1997-98,…
Viewpoint

Emre Burçkin, Chairman of the Board, Consulta, on the challenges of regulating the informal economy
OBG
plus

Although the size of Turkey’s unregistered economy has diminished in recent years, it remains a major challenge for the country’s policymakers. To address this issue, the Revenue Administration (RA) has developed a five-point action plan that aims to boost volunteer contributions, improve government auditing capabilities, strengthen the deterrent effect of sanctions, enhance database sharing and…
Viewpoint

Ümit Hergüner, Senior Partner, Hergüner Bilgen Özeke, on creating an investment environment to meet centennial goals
OBG
plus

Since the turn of the century, Turkey’s focus has been on its upcoming centennial. Now that we are a decade away from 2023, we can reasonably forecast where we might find ourselves in that year. Moreover, we can lay out our desired ends and consider the best course to achieve them. Having regained its economic and political stability, Turkey now aims to become a major global player, especially in…
Economic News

Turkey: Weathering the storm
OBG
plus

Turkey's deputy prime minister Ali Babacan recently spoke with OBG on the country's economic performance and 2023 development objectives.Turkey’s transformation over the past decade has been considered as an economic and democratic success story. What is also remarkable is that this transformation has continued despite the global financial crisis.When we entered the 2008-09 crisis Turkey already…

Analysis

An unorthodox approach: Understanding the central bank’s corridor interest rate policy
OBG
plus

Monetary policy is not as simple or predictable as it used to be anywhere, but Turkey’s central bank governor, Erdem Başç›, is breaking new ground in making things more complicated and keeping people guessing. Since being promoted from deputy governor in 2011, Başç› has been alternately criticised and applauded for the innovative and often unexpected moves he has taken in trying to steer…

Analysis

A new era: Resolving the conflict in the south-east may bring economic benefits
OBG
plus

For decades, when Turks spoke of their relationship with Kurds in the south-east of Turkey, the topic was usually terrorist bombings, or youthful years spent manning a military outpost on a remote mountainside in sub-zero temperatures. In 2013, the topics are the potential for resolution talks to bring about an investment upgrade, the big oil deals in Iraq’s Kurdish region that are being linked to…

Analysis

Enough to go around: Lending is on the rise in a number of segments
OBG
plus

Restrained by a cautious central bank governor and chastened by rising non-performing loans (NPLs) in the consumer segment, Turkish banks are maintaining a relatively moderate pace of lending growth in 2013. Although global financial conditions loosened dramatically in late 2012 and early 2013, Turkish banks were expected to increase loans by 15-20% in 2013, around the same pace or a little faster…

Analysis

Reality check: Analysing the government’s targets for 2023
OBG
plus

Looking forward to the 100th anniversary in 2023 of the founding of the Republic of Turkey, Prime Minister Recep Tayyip Erdoğan and his government have set a number of goals for the country, some of them highly ambitious. These targets are to some extent an effort by Erdoğan to promote his bid to become president with executive powers, but they are also seen as positive catalysts to promote reforms. Tough,…

Analysis

On the international stage: Local players retain a large share, but global players remain interested
OBG
plus

It was once thought inevitable that Western multinational banking groups would come to dominate the banking sector in Turkey, as they have in many peer emerging European countries. But five years after the global financial crisis, those groups’ demands for larger acquisitions have hardly recovered, and Turkey’s banking sector is moving on. As the banking sector grows into a regional powerhouse,…