In the last decade, Turkey’s lenders invested heavily in developing alternative banking practices, starting with ATMs and recently expanding to internet and mobile platforms. Moving transactions out of the branches actually increased contact between banks and their customers, who now have nearly constant access to their accounts. This has helped...
Undergoing a major transformation over the past decade, the Turkish economy is now the world’s 15th largest and the sixth largest in Europe, according to 2011 World Bank figures for GDP at purchasing power parity (PPP). The country has an estimated population of 74.7m, giving it the second-largest internal market in Europe, after Germany. Bordering...
Perhaps nothing has been more symbolic of the transformation in Turkish society over the past few years than the string of indictments the country’s courts have recently been issuing against senior military figures. The country is in the thick of a major, public reassessment and reform of the relationship between its soldiers and civilians – and...
With its thriving economy, democratic system and moderately Islamist leadership, in recent years, Turkey has been frequently put forward as a role model for other nations in the Islamic world. This has been helped by growing soft power, evident in everything from the popularity of Turkish soap operas in Egypt to the ubiquity of Turkish goods in Iraq...
Recent developments in IT infrastructure and the country’s young demographic – the youngest in Europe – are compelling Turkey’s media sector to adapt to a new industry landscape. Traditional methods and platforms for accessing media are declining, replaced by new demands that require creative innovation to keep revenues high and growth sustainable...
Reforms to bring the country more into line with EU standards, driven by a widespread desire to make Turkey a more democratic and free-market-based economy, have gone hand-in-hand with increased government popularity, stability and economic growth. Indeed, there is a great new confidence in Turkish politics and society. This has also led to a...
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