On November 5, 2012, Turkey’s financial industry finally received the news that it had been waiting for all year. Fitch, the international ratings agency, had upgraded Turkey’s sovereign credit rating to BBB-, the lowest level within the coveted category known as investment grade.
IST30 is the first exchange-traded fund (ETF) based on the BIST 30 National Index (BIST 30) in Turkey. An ETF is an investment vehicle that combines key features of traditional mutual funds and individual stocks. ETFs represent a variety of...
Garanti Bank operates in every segment of the banking sector, including corporate, commercial, small and medium-sized entity (SME), retail, and private and investment banking. The company provides a wide range of financial services to its more...
Continued economic progress in Turkey will require greater private investment in logistics services, which would help local firms enhance their competitiveness in the global marketplace through cost savings and faster order fulfilment. The government also has a key role to play by facilitating the development of transport infrastructure,...
The sixth-largest vehicle manufacturer in the EU and the 17th-largest in the world, Turkey is now a major player on the global automotives map. Indeed, within the EU, it is first in light commercial vehicle (LCV) production and second in buses, turning out a total of 1.073m units of all kinds in 2012.
A landmark reform of Turkey’s private pensions sector is the centrepiece of the government’s plan to boost the country’s declining national savings rate. To draw more people into the pensions system, the government began matching 25% of personal contributions to private pensions, subject to certain limits, in early 2013. Early results indicate...
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