Privatisation has been on the agenda for years, with sales of major state-owned industries in the late 1990s and early 2000s defining the country’s commitment to free markets. The trend hit a high-water mark in 2005-06, when the government accrued a total of $16.3bn in revenues from the sale of Türk Telekom, the refinery company Tüpraş and steel...
Long-time aspirations to become an energy corridor are now within Turkey’s grasp. A raft of pipeline projects and a grand canal have been proposed, with hopes these projects will be under way soon. Turkey’s location between the hydrocarbons-rich Middle East and Eurasian regions and energy-hungry Western markets makes it a key player in energy trade...
Are Turkish carriers facing increased competition in the domestic market from international players?
From Ottoman textiles to high-tech weapons systems, Turkey has a long history of industrial activity. The challenge now is reducing the trade imbalance while maintaining impressive growth. Booming domestic demand and record exports increased industrial production in Turkey by almost 9% in 2011, powering economic growth that was second only to China...
Turkey is the 16th-largest economy in the world and sixth-largest in Europe, and has made impressive progress over the past decade – a fact well demonstrated by the figures. While European countries have struggled with a number of economic problems and the sovereign debt crisis, Turkey has reached a per capita GDP of $10,444, up from $5764 in...
Interest rates in Turkey have dropped in recent years. How has this affected demand for housing loans? Do you expect growth in mortgages?
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