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Overview

A growing dynamism: Increasing state investment and an expanding private sector role are set to boost quality and accessibility
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In the 89 years since its founding, modern Turkey has made significant progress in developing a national education system. The state continues to play a central role in that development, and currently provides over 90% of funding for formal education activities in the country. The national budget for education has been increasing over the last decade. Between 2001 and 2011, the budget grew eight-fold,…

Overview

Comprehensive growth: A rising economy is creating opportunities for expansion
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With Law No. 3 passed on May 3, 1920, Turkey established its Ministry of Health (MoH). From that time onwards, the health care sector, under the direction of the government, expanded to offer comprehensive coverage for Turkish citizens. During the early years of the republic, the scope of services on offer and the number of personnel saw major gains, especially between 1950 and 1960, when the number…

Overview

CONTENTS TURKEY 2012:
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COUNTRY PROFILE Growing influence: The country is a political and economic link between the West and the Middle East POLITICS New realities: Recent years have brought a remarkable political transformation Setting an example: Regional peace is high on the agenda as the country seeks to strengthen its role model status Viewpoint: Prime Minister Recep Tayyip Erdoğan Interview: Ahmet Davutoğlu, Minister…
Interview

OBG talks to Hanzade Doğan Boyner, Chairwoman, Doğan Online
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Interview: Hanzade Doğan Boyner How is the rise of online media affecting spending and competition in the sector? HANZADE DOGAN BOYNER: When you look at the Turkey’s online population, a few key dynamics jump out. We are the fifth-biggest country on Facebook and number 10 on Twitter. Turkey has somewhere from 35m to 40m internet users, representing around 40% of the population. Smartphone penetration…
Interview

OBG talks to Ahmet Davutoğlu, Minister of Foreign Affairs
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Interview: Ahmet Davutoğlu How does Turkey hope to influence and be influenced by its foreign partnerships? AHMET DAVUTOĞLU: Thanks to the economic, political and social progress that Turkey achieved in the past decade, we were entrusted with more responsibility and have concurrently acquired more tools for engaging the region and beyond. We began pursuing a more proactive foreign policy fashioned…
Interview

OBG talks to Kadir Topba ş, Mayor of Istanbul
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Interview: Kadir Topba ş What changes to the city’s infrastructure could improve accessibility for tourists? KADIR TOPBAŞ Ş: Despite the global economic crisis, the number of tourists visiting Istanbul has risen by 300% since 2004. By the end of 2011, 10m tourists visited Istanbul, while approximately 30m came to Turkey in total. Istanbul is one of the fastest growing tourist destinations in…
Interview

OBG talks to Rifat Hisarcıklıoğlu, President, Foreign Economic Relations Board (DE K)
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Interview: Rifat Hisarcıklıoğlu How did MENA political unrest and EU/US economic stagnation effect Turkish firms? Have Turkish exporters been able to diversify to other markets? RIFAT HİSARCIKLIOĞLU: Historically, European countries have been the major trading partners of Turkish firms. The share of Turkey’s total exports to Europe was 66% in 2007. After global financial crisis started,…
Interview

OBG talks to İbrahim Turhan, Chairman & CEO, İMKB Borsa Istanbul (İMKB)
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Interview: İbrahim Turhan The İMKB lost 40% of its value in 2011, while the economy grew 8%. How will changes in the market diminish the risks of future losses on this scale? IBRAHIM TURHAN: The İMKB 100 index went down for primarily two reasons. First, due to the depreciation of the lira against the dollar by 22-25%, and second, because of the European debt crisis. The European fiscal crisis…
Interview

OBG talks to Hüsnü Özyeğin, Chairman, FIBA Holding
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Interview: Hüsnü Özyeğin As e-commerce grows, how can small and medium-sized enterprises (SMEs) use technology to their advantage and what is its overall economic impact? HUSNU ÖZYEĞİN: Turkish companies and consumers have adapted to increased use of the internet and social media networks. Turkish “.com” companies such as yemeksepeti.com, a food delivery website, are now trying to enter…
Interview

OBG talks to Mustafa Koç, Chairman, Koç Holding
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Interview: Mustafa Koç Which sectors of the economy have attracted the most attention from the country’s holding companies and investors more generally? MUSTAFA KOÇ: The country’s growth prospects, demographic dynamics and low penetration and consumption rates (compared to developed countries) make many sectors in Turkey very attractive to local and international players alike. The energy sector…