Legal Framework
From The Report: Turkey 2013
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This chapter features an overview of Turkey’s legal framework. Subjects include structural reforms, corporate governance, inter-governmental agreements, bankruptcy protection, and reforms in finance. OBG partner, Ümıt Hergüner, Senior Partner of Hergüner Bılgen Özeke, also offers a viewpoint on creating an investment environment to meet Turkey’s centennial goals.

Articles from this Chapter

Overview

Setting the foundation: Legislative reforms in support of the 2023 development goals
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Turkey has set ambitious goals to be reached by 2023, which represents the first centennial of the formation of the republic. Key 2023 targets include: becoming one of the top 10 economies in the world; achieving a GDP of $2trn and a per capita income of $25,000; and increasing exports to $500bn and foreign trade volume to $1trn. In addition to these goals, the Turkish government has announced targets for key industries, namely energy, infrastructure, communications and finance. In the next decade,…

Viewpoint

Ümit Hergüner, Senior Partner, Hergüner Bilgen Özeke, on creating an investment environment to meet centennial goals
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Since the turn of the century, Turkey’s focus has been on its upcoming centennial. Now that we are a decade away from 2023, we can reasonably forecast where we might find ourselves in that year. Moreover, we can lay out our desired ends and consider the best course to achieve them. Having regained its economic and political stability, Turkey now aims to become a major global player, especially in the MENA region. En route to such a position lie two critical intermediate goals: attracting financing…