Turkey-based Calik Holding, keen to finance its overseas purchases in areas ranging from construction and telecoms to banking and energy, has burst on to the international stage with a $200m debt issue. Edward Russell-Walling reports.

Turkey’s economy grew 5.7% in the first nine months of 2006. But economists warn that the bloated current account deficit, mounting foreign debts and rising political risks could stifle future growth, Metin Demirsar reports from Istanbul.

Turkish prime minister Recep Tayyip Erdogan is determined to get his country into the EU despite nay-sayers on all sides. He talks to Karina Robinson.

There is a strong resurgence of EU banks investing in Turkey. At a time when clashes of religions and secular systems are a concern worldwide, Turkey is an important example of what can be achieved.

Turkish banks withstood the financial market turbulence earlier this year with much greater ease than many observers expected. This suggests that the reforms put in place after the 2001 debacle have gone a long way towards preventing a recurrence.

Turkey’s young population is driving the skyrocketing demand for housing. Metin Demirsar reports on the projects that offer opportunities for investors.

An economic slowdown has dampened Turkey’s housing boom. But construction in the commercial sector remains brisk and there is still wide scope for the development of real estate finance. Metin Demirsar reports.

With its neighbours in various states of strife, safeguarding Turkey’s obvious progress should be an EU priority.

Privatisation is sucking in unprecedented levels of foreign direct investment to Turkey. Metin Demirsar reports.

With interest rates falling, Turkey’s banks have moved away from financing of government debt to providing loans and mortgages. Metin Demirsar reports.
Turkey’s banking system is growing rapidly due to cross-border transactions and a buoyant economy. Banks are shifting funds from government securities to loans, as interest rates fall, and competition is intensifying in consumer banking and housing finance.