Latest articles from Turkey

Robust and ready

May 5, 2009

The global recession is nothing new to Turkey's bankers, who have learnt the lessons of the country's economic crisis of 2001 and are showing great resilience as their global peers falter. Writer Metin Demirsar

Who's afraid of the IMF?

May 5, 2009

The full force of the global recession has hit Turkey with falls in exports leading to job cuts. Bankers say an IMF deal would help but the government is reluctant. Writer Metin Demirsar
Recep Tayyip Erdogan, prime minister of Turkey

Turkey shines a light in the dark

October 6, 2008

Turkey is defying the onset of recession across Europe by reporting hefty profits and robust growth – although foreign investment is getting harder to come by. Writer Metin Demirsar.

Political issues cloud prospects

June 2, 2008

Despite an optimistic outlook on the banking sector in Turkey, political dilemmas and the global economic environment weigh heavy on the country. Stephen Timewell reports from Istanbul.

Politics mars new stability

May 5, 2008

Turkey’s banks prepare to navigate the storm of a pending global economic downturn, buttressed by a surge in foreign investment and a strong currency. Yet political uncertainties cloud the future, writes Metin Demirsar in Istanbul.

Can Unakitan keep his cool in yet more turmoil?

April 7, 2008

Kemal Unakitan preserved Turkey’s public finances in 2007, despite turbulence in domestic politics and international markets. He wants to maintain momentum in 2008, he tells Philip Alexander.

Co-operative assistance for a neglected region

September 3, 2007

Metin Demirsar in Istanbul reports on the Turkey-based Eurasian zone trade and development bank – Ecobank – due to go live in December with $650m in capital.

Full steam ahead for consumer loan sector

July 4, 2007

Foreign investment continues flowing into Turkey’s financial system, and consumer banking and financing of small and medium-sized enterprises are becoming major business lines for the country’s commercial banks. Metin Demirsar reports from Istanbul.

Fears of bubble economy grow

July 4, 2007

Early general elections are planned to calm a political crisis and the economy is beginning to cool off, adding to concerns that progress made in recent years could unravel. Metin Demirsar reports from Istanbul.

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