Turkey

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What effect will recent changes to the Turkish Commercial Code have on foreign investment?

Many years ago, Goldman Sachs studied the growth prospects of a number of economies which we felt had the potential to become as big as the so-called BRICs (Brazil, Russia, India and China) in the future. We examined all those nations that had populations just below their BRIC counterparts – the next-largest countries, in terms of number of...

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...

What steps is Turkey taking to achieve a sustainable level of economic expansion? What factors drive growth in the face of global instability?

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...

Which sectors of the economy have attracted the most attention from the country’s holding companies and investors more generally?

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