Turkey

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The close vote in Germany's recent national elections came as short-term relief for the Turkish government.
The close vote in Germany's recent national elections came as short-term relief for the Turkish government.
Whilst the ruling Justice and Development Party (AKP) enjoys an impressive record in terms of prudential fiscal management, economists still sweat over an old thorn in the economy's side - the mounting current account deficit.
With the submission period closing early September for the long-anticipated privatisation of Turkey's state petroleum refineries, the sell off looks to be on schedule for an exciting conclusion later this month.
These are exciting times in Turkey in terms of foreign investment and privatisation, as developments in the telcoms sector show.
The UAE may seem like the last place on earth to find alternate, "green" energy projects, as its 4m residents contently sit on around 8% of the world's proven oil reserves.

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