Turkey

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Foreign banks are continuing to show strong interest in Turkey's banking sector, as demonstrated by the upcoming sale of state owned HalkBank and privately-held Oyak Bank.
The opening of the World Economic Forum (WEF) in Istanbul on the November 23-24 was particularly timely, with a critical juncture in Turkey's EU accession bid over Cyprus looming in December and elections on the horizon in 2007.
The number of real estate advertisements that spring out of Turkey's weekend press testifies to the large supply of quality housing available in Istanbul these days.
With the release of the International Monetary Fund's (IMF)'s report on the fourth and fifth review for Turkey's standby agreement, the state of the country's finances has come under fresh scrutiny by market observers, with ongoing concern over the size of the current account (CA) deficit.
Earlier this week, the European Commission released its progress report on Turkey, which refrained from hatching any unpleasant surprises.
Speaking at the opening of the ninth annual Foreign Trade Week in the Ankara Sheraton on Monday, October 30, Turkish Prime Minister Recep Tayyip Erdogan announced bold plans to boost the country's foreign trade.

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