Latest articles from Western Europe

A work in progress

May 2, 2005

Turkey’s economy is surging ahead of tough membership negotiations with the EU, but debt problems persist. The Erdogan government has much work to do, reports Metin Demirsar from Istanbul.

Banking sector appeal spreads

May 2, 2005

EU convergence and a strong economy are attracting foreign banks, reports Michael Kuser in Istanbul.

On the FDI trail

May 2, 2005

Turkey is seeking to draw more foreign investment with EU membership talks on the horizon and improved economic fundamentals.

Back to basics

May 2, 2005

Turkey’s banking system recorded strong growth in 2004 but systematic weaknesses continue. The country’s 48 banks are having to learn to cope with a low inflation environment.

The great sell-off

May 2, 2005

Turkey is pushing ahead with privatisation of its overstaffed, money-losing state enterprises in the run up to EU membership.

Open for trade

May 2, 2005

A decade in the making, Turkey’s derivatives exchange aims to reduce risk in foreign currency, commodities and share trading. 

Planning for profits

May 2, 2005

OYAK’s chief executive Coskun Ulusoy explains the secret of the pension fund’s success to Michael Kuser in Istanbul.

Markets lift off

May 2, 2005

Michael Kuser reports on the latest developments on the Istanbul Stock Exchange and capital markets.

Islamic banking arrives in the UK

May 2, 2005

The authorisation of the first fully Shariah-compliant bank in the West has created considerable interest. Michael Ainley looks at the FSA’s approach and what lies ahead.

Ukraine’s Aval starts negotiations on sale to RZB

April 4, 2005

Austria’s Raiffeisen International (RZB) is in exclusive takeover talks with Ukraine’s second-largest commercial bank, Aval. “We are in talks that we have agreed will be mutual until May,” said the chief executive of Raiffeisen International, Herbert Stepic. “We want to take over the bank entirely.”

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