Economic Updates: Turkey

Ankara Urged to Pick Up Pace of Reforms

Turkey | 5 Jun 2002

Turkey has inched closer to fulfilling reforms required by the European Union before membership talks with the bloc can begin, with the country’s top advisory council recommending an end to emergency rule in the southeast of the country.

FDI in Turkey Still a Hard Sell

Turkey | 28 May 2002

As Turkey pursues a strict regiment of fiscal belt-tightening and structural reforms, Foreign Direct Investment (FDI) languishes in the malaise of existing political and economic uncertainty and bureaucratic strictures.

Ecevit's Health Problems Affect Turkish Markets

Turkey | 22 May 2002

Turkey has had a roller-coaster couple of weeks, with strong industrial output data on May 8th raising hopes that reform targets can be met, only to be followed by uncertainties over Prime Minister Bulent Ecevit's health problems, which pushed markets down.

Steps Towards Privatisation in Turkey

Turkey | 14 May 2002

Ankara’s need to accelerate the rate of privatisation was reinforced on May 7th as the IMF presented a substantial list to the government outlining needed reforms, including increased privatisation, audit of private banks, restructuring of corporate debt, tax reform, government staff cuts, and increased foreign investment.