Turkey

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Turkey's position on the edge of the eurozone is paying dividends for the country's tourism industry.
The successful tenders of two Turkish power grids is an important step towards the liberalisation of the country's energy supply.
The acquisition of a majority stake in local retailer Migros Turk by a British-led private equity consortium was a conspicuous event given the global slowdown in merger and acquisition (M&A) activity since the credit crunch took root in August 2007.
The Turkish Republic Central Bank (TCMB) has decided to raise interest rates and revise its inflation targets for the coming three years.
The proposed expansion of the European Bank of Reconstruction and Development's (EBRD) operations to Turkey marks a significant turning point for the Bank and could provide the country with an additional source of international credit.
While a number of IPOs have been postponed in the wake of the Istanbul Stock Exchange's steady slide this year, the record-breaking sale of a 15% stake in Turk Telekom will act as a boon for the bourse despite reservations surrounding the low pricing of the shares.

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