There was good news for Turkey in 2012 in the pages of the World Bank/International Finance Corporation’s “Doing Business 2012” report. In 2011 the country rose two places in the global rankings, to 71st out of 183 economies. This placed it ahead of the Eastern Europe and Central Asia average of 77th and well ahead of some regional competitors, such...
THE COMPANY: Domestic demand for white goods correlates with GDP. In times of economic expansion, white goods demand growth outpaces GDP growth, whereas the decline in sales exceeds the decline in GDP at times of economic contraction. From 2003-10 the average multiplier of domestic white goods demand...
The İMKB lost 40% of its value in 2011, while the economy grew 8%. How will changes in the market diminish the risks of future losses on this scale?
One major success story in recent years has been the rapid rise in bilateral trade between Turkey and the countries of the Gulf Cooperation Council (GCC). Indeed, Turkey enjoys trade surpluses with all the GCC states except Saudi Arabia and Qatar, with energy imports accounting for the deficits there. With the UAE, Kuwait, Bahrain and Oman, Turkish...
The downside to the growth in retail lending in Turkey in 2010 and 2011 was a rapid increase in the current account deficit as consumers took advantage of greater access to credit to purchase imported products that were previously out of reach financially. At the same time, the lira, buoyed by strong capital inflows, strengthened, making imports...
In the last decade, Turkey’s lenders invested heavily in developing alternative banking practices, starting with ATMs and recently expanding to internet and mobile platforms. Moving transactions out of the branches actually increased contact between banks and their customers, who now have nearly constant access to their accounts. This has helped...
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