In 2011 Peru came top in the Economist’s Global Ranking for Microfinance Business Environment for a third year running. This can be attributed to the sector’s high level of sophistication resulting from 30 years of history in the country. Microfinance institutions also benefit from a strong regulatory framework outlined and enforced by the...
The concept of private pensions is relatively new in Turkey, with the first private scheme having been introduced only in 2003. Since then, the system has grown rapidly, although it is still small relative to the size of the economy. Furthermore, it is expected to expand in the coming years, as the government has introduced legal changes to make...
As a relatively small market in a rapidly growing economy, the insurance sector in Turkey has significant room for expansion. Indeed, the large number of foreign players that have entered the market over the past decade signals opportunities for growth. While low pricing has been a challenge – particularly in the non-life segment – underwriting...
THE COMPANY: Agriculture is a major contributor to Turkey’s GDP, despite sluggish growth in recent years. The sector’s share of GDP dropped from 10.1% in 2000 to 8.3% in 2009, and its share of total employment has also declined, falling from 35% in 2001 to 30% in 2007. Though Turkey is one of the few...
THE COMPANY: Turkey plays a key role connecting oil-producing countries in the Middle East and the Caspian region with consumers in Europe. Not a major oil producer itself, most of Turkey’s crude oil consumption is fed by imports, especially from Iran, Russia, Saudi Arabia and Kazakhstan. Refining is...
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