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Interview

OBG talks to Mehmet Büyükekfli, Chairman, Turkish Exporters’ Assembly
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Interview: Mehmet Büyükekfli How was the government’s 2023 export strategy formulated, and what would you say to those who argue that its targets are unrealistic? MEHMET BÜYÜKEKfiI: The global financial crisis of 2008 motivated Turkish policymakers to develop a long-term national strategy that could ensure sustainable export growth. In particular, we wanted to craft a plan that could continue…
Viewpoint

Mark Lewis, Senior Resident Representative in Turkey, IMF, on the challenges and opportunities confronting the economy
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The year 2013 is an important one for the Turkish economy, with many challenges and opportunities on the horizon. First, the sluggish global economy will likely remain a drag on Turkey’s growth this year, notably because of weak activity in the EU, a result of fiscal tightening in some countries and the uncertain outlook. Furthermore, several emerging markets have come down from the very high growth…
Viewpoint

Norbert Klein, CEO for Turkey, Central Asia, Middle East and North Africa, Bosch Siemens Home Appliances, on Turkey’s status as a regional base for multinationals
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Turkey recently became the biggest producer of white goods in Europe. When we take a broader view and look beyond just this sector, we can see that the country is now sea of opportunity for investors outside of the European continent. Crucially, it possesses a large and growing domestic market, making it an attractive destination for multinational corporations engaged in everything from white goods…
Viewpoint

Mehmet Ali Neyzi, CEO, STFA, on the history of the sector
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When the Republic of Turkey emerged from the ashes of the Ottoman Empire 90 years ago, the fledgling nation had little indigenous industrial capacity. This was especially clear in the construction sector, which was dominated by foreign firms. Things began to change during the Cold War climate of the 1950s, when Turkey began receiving more development assistance from the US and the international community.…
Viewpoint

Özgür Güneri, CEO, Finansinvest, on the markets’ inflection point
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Previous examples show that the development of capital markets goes hand-in-hand with economic prosperity. Although wealth accumulation is a prerequisite for capital markets growth, alone it is insufficient. A stable macro environment and well-functioning market structure are also needed. We believe Turkey’s capital markets are at an inflection point, and expect them to be driven by tailwinds in…
Economic News

Turkey: More derivatives on the way

With the launch of a new stock exchange, Borsa Istanbul, Turkey has taken one more step towards achieving its goal of becoming a regional financial centre. The market will eventually combine three former exchanges: the Istanbul Stock Exchange, the Istanbul Gold Exchange and the Derivatives Exchange of Turkey, known internationally as TurkDex. The merger with TurkDex is not yet complete but according…
Chapter

The Report: Turkey 2013: The Guide
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This chapter includes helpful information for visitors to Turkey, including information on society and etiquette, language, transport and visas. It also features a list of suggested hotels and contact information for various institutions, including government ministries, foreign consulates and embassies.…
Chapter

The Report: Turkey 2013: Legal Framework
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This chapter features an overview of Turkey’s legal framework. Subjects include structural reforms, corporate governance, inter-governmental agreements, bankruptcy protection, and reforms in finance. OBG partner, Ümıt Hergüner, Senior Partner of Hergüner Bılgen Özeke, also offers a viewpoint on creating an investment environment to meet Turkey’s centennial goals.…
Chapter

The Report: Turkey 2013: Tax
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Featuring the viewpoint of Emre Burçkin, Chairman of the Board of OBG partner, Consulta, this chapter contains information about Turkey’s tax system, designed to aid those interested in doing business in the republic.…