A landmark reform of Turkey’s private pensions sector is the centrepiece of the government’s plan to boost the country’s declining national savings rate. To draw more people into the pensions system, the government began matching 25% of personal contributions to private pensions, subject to certain limits, in early 2013. Early results indicate...
When Trabzonspor, a premier-league football club on Turkey’s Black Sea coast, needed to raise revenue, it did not sign on more corporate sponsorship or look to boost merchandising sales. Instead, it decided to build a hydroelectric plant. The six-time champion in August 2012 won a licence to build a 28-MW power station in the mountains above the...
The real estate sector has been highly dynamic in recent years, with investor sentiment impacted both positively and negatively by a flurry of regulations, new megaprojects and the quarterly health of the economy. At the same time, the country – especially its largest city – has cemented itself as the darling of investors looking for strong...
The FTSE Istanbul Bond (FBIST) exchange-traded fund (ETF) is the first ETF to track the FTSE Turkish lira government bond index. It provides investors with exposure to a basket of Turkish fixed-income securities with a single transaction.
Taken in its broadest sense to include sub-sectors such as petrochemicals, fertilisers, soaps and detergents, pharmaceuticals, paints and colouring agents, as well as raw chemical production, Turkey’s chemical business ranks second among domestic export industries, after automotives. Indeed, the sector has been steadily climbing its way to a...
A sun-kissed, wind-swept land criss-crossed by hundreds of rivers, Turkey is one of Europe’s most attractive sites for renewable power development. To date, red tape and underdevelopment of resources have clouded the investment landscape, but the government’s ambitious renewable energy targets may help jumpstart investor interest. Turkey is...
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