Latest articles from Turkey

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.

Tight window of opportunity

July 4, 2007

A consortium including Goldman Sachs won the mandate for a strategic review and IPO execution for Turkey’s state-owned Halkbank. A tight schedule for US distribution and a political/religious row that spilled volatility into the Istanbul stock market failed to derail the sale. Edward Russell-Walling reports.

Turkey’s Calik full of energy

April 2, 2007

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.

Growth is not a certainty

March 5, 2007

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.

Player still struggles to make the team

January 8, 2007

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.

A reformed and financed Turkey must not slip the EU’s grasp

November 6, 2006

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.

Turkey finds reforms pay off in face of market volatility

October 2, 2006

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.

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