Turkey

With Turkish equities outperforming all of the major national exchanges and a strong rise in corporate debt issuances, local capital markets enjoyed a banner year in 2012. The strong performance lent support to a government drive to deepen and broaden capital markets while modernising trading systems and better integrating them internationally...

In 2012 metals and metal products were Turkey’s fourth-largest export industry after automotives, chemicals, and textiles and ready-to-wear. Indeed, by 2011 the sector had already reached an all-time high in crude steel production, of 34.1m metric tonnes (MT), while it has long since regained and surpassed the output levels it had before the...

In its search for new ways to meet the surging demand for energy, Turkey has focused on oil, gas and even nuclear power, overlooking one of its most plentiful resources: coal. In an effort to reconfigure its energy portfolio and become more energy independent, Ankara is restructuring its electricity sector, and coal figures to play an...

Efforts to ensure long-term economic growth in the republic will not succeed without substantial investments in transport infrastructure. This is well understood by the government, which nearly doubled public spending on the sector as a percentage of GDP between 2004 (1.06%) and 2010 (1.92%), according to figures from the World Bank. “Turkey’s...

Amid the growth in incomes and the overall economy, Turkey’s retail sector has acquired modern-scale segmentations with plenty of local and foreign players benefitting from rising consumption. Indeed, the sector has expanded rapidly in recent years, with urban centres like Istanbul seeing an array of new shopping centres constructed. Meanwhile,...

The construction sector is riding high on the strength of major infrastructure projects, particularly in road and bridge development, and an ongoing urban regeneration plan that will see one-third of the country’s houses torn down and rebuilt.