As a relatively small market in a rapidly growing economy, the insurance sector in Turkey has significant room for expansion. Indeed, the large number of foreign players that have entered the market over the past decade signals opportunities for growth. While low pricing has been a challenge – particularly in the non-life segment – underwriting...
THE COMPANY: Agriculture is a major contributor to Turkey’s GDP, despite sluggish growth in recent years. The sector’s share of GDP dropped from 10.1% in 2000 to 8.3% in 2009, and its share of total employment has also declined, falling from 35% in 2001 to 30% in 2007. Though Turkey is one of the few...
THE COMPANY: Turkey plays a key role connecting oil-producing countries in the Middle East and the Caspian region with consumers in Europe. Not a major oil producer itself, most of Turkey’s crude oil consumption is fed by imports, especially from Iran, Russia, Saudi Arabia and Kazakhstan. Refining is...
THE COMPANY: With 34.5m subscribers in Turkey at the end of the first quarter of 2012, Turkcell is the leading mobile operator in Turkey with around 53% market share. The company covers 87% of the Turkish population through its 3G and 99% through its 2G technology supported network. According to Ericsson’...
The Central Bank of the Republic of Turkey (CBRT) implemented unconventional policies in 2011, lowering the interest rate but raising reserve and capital requirements. How did this affect banks?
While the growing global Islamic bond ( sukuk) market represents an increasingly important source of financing for businesses across the world, to date interest has been fairly limited in Turkey. However, the market is expected to grow rapidly, partly thanks to legal changes that make sukuk issuance more attractive, as well as the...
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