The Insurance chapter examines Turkey’s relatively small insurance market, which has seen steady growth with the expansion of the nation’s GDP. The sector is dominated by banks, which provide the most accessible outlets for customers. The sector is extremely crowded and very competitive, which has made it difficult for insurers to grow their business. Despite the challenges, however, gross written…
Late 2011 and early 2012 saw dramatic changes in Turkey’s capital markets, with a rebranding campaign for the Istanbul Stock Exchange – to the Istanbul Bourse (IMKB) – as well as the appointment of new leadership. The IMKB was greatly affected by economic instability elsewhere around the world, because many of the markets key investors are foreigners. Under its new leadership, the bourse is focusing…
The Turkish banking sector learned hard lessons from the country’s financial crisis in 2001-02, and as a result, it was among the most stable and secure through the global financial crisis of 2008, remaining a safe harbour for foreign and domestic investors alike. The sector is very competitive, and profits declined during 2011 on the back of reduced margins from loans, however the stability of the…
The Turkish economy rebounded from the global crisis to become an island of economic stability between Europe and the MENA region. The 15th-largest economy globally and the 6th-largest in Europe has experienced an unprecedented transformation in the past decade, as per capita GDP has risen more than three times. While the economy is plagued by a structural current account deficit, due to dependence…
The nation’s efforts over the past decade have seen slow progress on its bid to join the EU, however, Turkey has become vastly more prominent on an international scale. While still hamstrung by the Kurdish issue, the country’s “Good Neighbour” policy has made it a key partner in engagement with Western powers. Internally, the AKP is credited with providing the stability that has ushered in…
The Country Profile contains a brief introduction to contemporary Turkey, with information about the geography, language, culture and history.…
Long-regarded as an affordable getaway for European tourists seeking the sun in the coastal resorts of Antalya, Bodrum or Marmaris, Turkey is starting to draw rising numbers of visitors from the Middle East region.The Arab Spring has led to an upswing in tourists from the Middle East choosing perceived safer destinations on the region’s periphery, and Turkey is proving to be one of the beneficiaries.…
THE MAIN TOPICS OF THE CONGRESS Finance and Financial Economics Market Integration and Interest Rates Accounting, Auditing & Taxation Working Capital Treasury Management Corporate Governance Dividend Policy Risk, Return & Portfolio Management…
Oxford Business Group is pleased to announce our media partnership with the 31st Annual Conference on U.S-Turkish Relations which will be held on 10-13 June, in Washington, DC. In this respect we send you the following message from the conference organisers: Dear Oxford Business Group Subscribers, American Turkish Council (ATC) & DEIK/Turkish-American Business Council (TAIK) will hold the 31st…
Narrowing the current account gap and correcting the underdevelopment of the Anatolian provinces are just two of the goals of the Turkish government’s latest investment incentive scheme, announced in early April. The plan, which specifically aims at replacing intermediate goods imports with locally manufactured products, has won accolades from the private sector and business organisations, even as…
