Restrained by a cautious central bank governor and chastened by rising non-performing loans (NPLs) in the consumer segment, Turkish banks are maintaining a relatively moderate pace of lending growth in 2013. Although global financial conditions loosened dramatically in late 2012 and early 2013, Turkish banks were expected to increase loans by 15...
For decades, when Turks spoke of their relationship with Kurds in the south-east of Turkey, the topic was usually terrorist bombings, or youthful years spent manning a military outpost on a remote mountainside in sub-zero temperatures. In 2013, the topics are the potential for resolution talks to bring about an investment upgrade, the big oil...
Prime Minister Recep Tayyip Erdoğan’s government is undertaking a bold resolution process that could remake domestic politics and enhance its foreign policy clout When the bodies of three ex-members of the outlawed Kurdistan Workers Party (PKK) were found in a Paris office, the real target appeared to be a fledgling resolution process thousands...
Monetary policy is not as simple or predictable as it used to be anywhere, but Turkey’s central bank governor, Erdem Başç›, is breaking new ground in making things more complicated and keeping people guessing. Since being promoted from deputy governor in 2011, Başç› has been alternately criticised and applauded for the innovative and often...
COUNTRY PROFILE Growing influence: The country is a political and economic link between the West and the Middle East POLITICS New realities: Recent years have brought a remarkable political transformation Setting an example: Regional peace is high on the agenda as the country seeks to strengthen its role model status Viewpoint: Prime...
A sizeable influx of foreign investment has been seen in Turkey’s education system in recent years, helping to meet demand from a growing population with rising disposable incomes. Extreme competition for admission to top universities has encouraged many Turkish families to send their children to private schools or a private tutor. This trend has...
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