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Brokers feel the squeeze

October 3, 2004

The good times may be rolling for Turkey’s economy but for some members of the country’s broking community, the situation is bleak.

Domestic bonds look enticing

October 3, 2004

Investors are being tempted into the Turkish government bond market by transparency and accessible information about state borrowing, and by bond sellers confidence in the economy, says Nick Kochan.

Turkish upward trends

October 3, 2004

Turkish borrowers have been enjoying improved conditions this year, as economic growth moves the country beyond the effects of the deep recession and currency crisis that struck in 2000 and prepares it for EU entry, reports Michael Marray.

Turnaround gathers pace

October 3, 2004

Turkey’s economic health is improving faster than many expected and the positive outlook is spreading to the ratings agencies. Nick Kochan reports from Istanbul on the factors that have stimulated this accelerated progress.

Waiting in EU wings

October 3, 2004

Turkey is cautiously optimistic that it will soon accede to full membership of the EU. The government has made it an absolute priority and its hopes for much-needed foreign investment are riding on it.

Single-digit focus

October 3, 2004

Süreyya Serdengeçti, the governor of Turkey’s central bank, talks to The Banker about the country’s bank reforms and his aspirations for the financial sector.


September 1, 2004

Credit Andorra

Italian debt rating downgrade comes not a moment too soon

August 1, 2004

Political infighting among four-member coalition underscores the need for structural reforms and perhaps a new government.
The Standard & Poor’s downgrade of Italian debt to AA- is long overdue. The only wonder is that the other rating agencies have yet to jump on board.

Grand Duchy strikes back

August 1, 2004

Facing competition from other centres, Luxembourg has found ways to innovate, writes Jan F Wagner.
Despite the perceptions of many in western Europe, Luxembourg’s success as a financial centre is not down to its private banking industry alone. In fact, it has more to do with a financial activity that is a lot more mundane: the domiciling and administering of investment funds.

Taxing times ahead for Luxembourg

August 1, 2004

Jan F Wagner examines Luxembourg’s options for maintaining a competitive edge as the end of its tax-free status looms.
In Germany, Luxembourg is known for one thing only: it’s where rich Germans put their savings to shelter them from tax. This may sound overly simplistic, but it’s easy to see why the tiny country has gained that reputation.

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