Economic Updates: Turkey

Turkey: Political successes temper economic slowdown

South Eastern Europe | 1 May 2013
Turkey: Political successes temper economic slowdown

Despite slowing growth and expectations of a widening current account deficit this year, investors do not appear to be shying away from the Turkish economy, particularly as the easing of political tensions is likely to yield an upgrade in the country’s investment ratings.

Turkey: Energy pipe dreams

South Eastern Europe | 15 Apr 2013
Turkey: Energy pipe dreams

Plans to consolidate Turkey’s position as an energy transit bridge appear to have suffered a setback, with a major project to connect the Black Sea and the Eastern Mediterranean put on hold by both the Turkish government and one of the scheme’s key investors, though for different reasons.

Turkey: Steps toward 4G

South Eastern Europe | 8 Apr 2013
Turkey: Steps toward 4G

A new deal between local telecommunications firms and the Turkish government is expected to see the introduction of a new 4G network in Turkey by 2016. This move has been hotly anticipated by telecoms operators, as they will be able to expand their services and offer new products that take advantage of the improved network speeds.

Turkey: Building construction momentum

South Eastern Europe | 20 Mar 2013
Turkey: Building construction momentum

Sentiment in the Turkish construction sector is rising, with contractors seeming confident that some of the momentum lost over the past 12 months will be regained as the government moves to open up several large-scale developments for tender.

Turkey: Sukuks set to diversify bank funding

South Eastern Europe | 12 Mar 2013
Turkey: Sukuks set to diversify bank funding

A strong performance from Turkey’s banks last year produced a significant rise in total assets and an increase in equity capital, generating impressive growth across the industry. Turkish banks also continued to strengthen their position on the international stage by further diversifying their services, with a number of financial institutions extending their reach into the growing Islamic financial services segment.

Turkey: Greenhouse expansion to boost agricultural investment

South Eastern Europe | 19 Feb 2013
Turkey: Greenhouse expansion to boost agricultural investment

A drive to restructure Turkey’s agricultural sector that includes ambitious plans to expand fruit and vegetable production is set to open the door for foreign investors looking to meet growing demand back home. Plans to drill new geothermal wells this year to help boost greenhouse production should further increase exports. However, the expansion is also prompting concerns that the introduction of new technology could lead to job losses.

Turkey: Gallipoli tourism boost

South Eastern Europe | 8 Feb 2013
Turkey: Gallipoli tourism boost

Next year, 2014, marks the beginning of a cycle of anniversaries set to last until the end of 2018, as countries across Europe, North America and beyond commemorate the centenary of the First World War. Turkey is looking to combine the expected spike in interest in historic events with a concerted drive to boost tourism revenue.