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Large conglomerates, often with ties to politics, dominate the media sector. Still, offerings have expanded in recent years to feed a population hungry for content, and Indonesians now have 10 free-to-air channels as well as a wide variety of pay-TV options. In 2010, advertising expenditure grew by 23% year-on-year to nearly $7.2bn, the sharpest rise since 2006. TV garnered most of this spending – 61.8% d – while newspapers took home 34.7% and magazines and tabloids accounted for a more 3.6%. Telecoms continue to be the main advertisers, along with politicians and local government, and consumer goods like tobacco. Looking down the road, Indonesia should see growth in the media and advertising sector when its pay-TV penetration – currently 3% – eventually expands.

New and upcoming legal changes are making it easier to conduct business in Turkey, and OBG’s legal partner, Herguner Bilgen Ozeke, provides an in-depth overview of the recent reforms to corporate law. The chapter also contains an interview with Ümit Hergüner, the managing partner of Hergüner Bilgen Özeke.

An overview of the new Turkish Commercial Code, as well as important considerations on the tax environment and its ramifications for foreign firms. The accountancy chapter is written by OBG’s partner in Turkey, Deloitte, and contains an interview with Anthony Wilson, the partner in charge for Deloitte Turkey.

Turkey’s young, tech-saavy population is driving a dramatic change in Turkish media, as content platforms and e-commerce have rapidly expanded. The sector is expected to see annual growth rates of over 13% in the 2011-15 period, and the move online is supported by vast expanses to internet infrastructure. This has seen major convergence in media outlets, as television, film and print producers are all working to grow their online offering. With new regulations also improving user access, the outlook for the sector is extremely positive and advertisers are focused on securing the multi-platform coverage necessary to secure their revenue streams. As digital marketing sweeps the sector, new players have also made a space for themselves and created a very competitive new industry. This chapter contains an interview with Hanzade Dogan Boyner, the Chairwoman of Dogan Online.

New visa regulations have provided for greater access to Turkey by new market segments, and the recent turmoil in the MENA region has also improved the nation’s profile as a safer destination for tourists. Regional visitors, in particular, have constituted an increased share of the numbers. These factors, combined with a vast increase in the MICE segment, saw a nearly 10% increase in visitor figures in 2011. A government initiative to support efforts in the health tourism segment is creating a pipeline for new projects, and the high number of over-booked hotels in Istanbul has likewise driven rapid development of new venues. The chapter contains an interview with Kadir Topbas, the Mayor of Istanbul.