THE COMPANY: TAV Airports Holding was established in 1997 for the purpose of building and operating Istanbul Atatürk Airport (IAA) from 2000-05. With a market share of 41%, it is Turkey’s leading airport operator, managing three of the country’s largest four. In addition to IAA, which is one of the...
Private equity investors are increasingly being drawn to Turkey by its fast-growing economy, macroeconomic and political stability, strong demographics and abundance of family-owned businesses. Many large buyout deals have been struck in recent years, but more opportunities for growth may exist for private equity funds that are willing to invest in...
What effect will recent changes to the Turkish Commercial Code have on foreign investment?
While some peers have struggled following the global economic crisis, Turkey’s banks have grown rapidly in recent years. Moreover, they remain healthy, liquid and well capitalised. Profits declined in 2011, particularly at the larger banks, as interest margins fell due to competition for loans and increased funding costs. However, there is still...
The expansionary monetary policies which were adopted by central banks of developed countries to contain the impact of the global financial crisis had significant reverberations on developing economies. The Turkish economy was no exception in this regard. During this period, the availability of ample low-cost and short-term foreign financing led...
How did the government perform in fiscal terms during 2011, and what steps have been taken to reduce the trade deficit? ŞİMŞEK: On the fiscal front, our core achievements since 2002 have been a significant reduction in debt and the deficit. We lowered the general government deficit from 10.8% of GDP in 2002 to 0.6% in 2011. Similarly...
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