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Taken in its broadest sense to include sub-sectors such as petrochemicals, fertilisers, soaps and detergents, pharmaceuticals, paints and colouring agents, as well as raw chemical production, Turkey’s chemical business ranks second among domestic export industries, after automotives. Indeed, the sector has been steadily climbing its way to a...

A sun-kissed, wind-swept land criss-crossed by hundreds of rivers, Turkey is one of Europe’s most attractive sites for renewable power development. To date, red tape and underdevelopment of resources have clouded the investment landscape, but the government’s ambitious renewable energy targets may help jumpstart investor interest. Turkey is...

The country’s small insurance and pensions industry has long been valued for its potential to achieve sustained, above-par growth, and more than 20 multinational insurers have collectively spent over $3.5bn in Turkey since 2006 on acquisitions in the sector, in order to make sure that they did not miss out. In 2012 and early 2013, the industry...

Articles & Analysis | Aygaz: Energy from The Report: Turkey 2013

The Company 

Aygaz, founded in 1961 and listed on the Istanbul Stock Exchange (now Borsa Istanbul) in 1990, is the market leader in liquefied petroleum gas (LPG) distribution in Turkey, with a sales volume of 1.7m tonnes and $3.2bn in revenues in 2012...

Articles & Analysis | Anadolu Efes: Beverages from The Report: Turkey 2013

The Company

Anadolu Efes is the leading producer of beer in Turkey. Together with its 100%-owned subsidiary, Efes Breweries International (EBI), the company operates in Russia, Kazakhstan, Moldova, Georgia and Ukraine. The company also holds a 50.3% stake...

Articles & Analysis | Alarko: Diversified from The Report: Turkey 2013

The Company

Alarko was founded in the 1950s by the Alaton and Garih families as a manufacturer of heating, cooling and air conditioning systems. The two families currently hold 35% and 34% stakes in the company, respectively, and the free float rate stands at 26%. While the contracting business was the focus of the company for several...

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