Economic Updates: Turkey

Turkey: More derivatives on the way

South Eastern Europe | 3 Jun 2013
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.

Turkey: Potential peace dividend for industry

South Eastern Europe | 22 May 2013
Turkey: Potential peace dividend for industry

The Turkish government is hoping talks aimed at ending the long-running conflict with Kurdish separatists will bring not only peace to the east and south-east of the country but also a wave of investments, with the industrial sector tipped to be one of the main beneficiaries.

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.