Turkey

In-depth country-focused analysis on Turkey's economic, political and operational risk environment, complemented by detailed sector insight

Our comprehensive assessment of Turkey's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Turkey, as well as the latest industry developments that could impact Turkey's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Turkey before your competitors.

Turkey Country Risk

Turkey Industry Coverage (25)

Agribusiness

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BMI View: We favour the sugar sector in Turkey because of the strong growth potential of the country's confectione ry industry. We see little growth potential for the grain, dairy, livestock...

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Autos

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Turkish vehicle production increased 12% year-on-year (y-o-y) in November, to 113,678 units, as export volumes and the domestic market picked-up during the month following a brief period of weakness...

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Commercial Banking

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Commercial Banking Sector Indicators Date Total assets Client loans Bond portfolio Other Liabilities and capital Capital Client deposits Other...

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Consumer Electronics

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BMI View: There is short- term downside to our otherwise positive outlook for the Turkish consumer electronics market. Economic instability, including domestic access to credit, and the...

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Defence & Security

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BMI believes that the Turkish defence budget will increase to US$19.4bn in 2014, before rising once again to US$21.7 in 2015. We expect Turkey's defence budget to continue increasingly in the final...

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Food & Drink

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BMI View: Featuring a large, youthful population armed with rising spending power, Turkey continues to offer a dynamic consumer base for growth in food and drink sales over the medium term....

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Freight Transport

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Following a year in which BMI believes saw steadily increasing freight volumes, 2014 will signal further growth across the whole of Turkey's freight transport sector in line with our microeconomic...

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Information Technology

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BMI View: W e have a positive medium - term outlook for growth of the IT market in Turkey , based on a solid foundation of economic growth and modernisation. However, in the Q2 14 update we...

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Infrastructure

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BMI View : We forecast 5.3% real growth in the construction sector over 2014 and growth should remain buoyant over the short-term thanks to projects already under construction fuelling industry...

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Insurance

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BMI View: As of late 2013, almost all trends in Turkey's insurance sector are positive. In essence, a market that is large in absolute terms, but underdeveloped by many metrics, has the capacity...

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Medical Devices

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Espicom Industry View: The Turkish medical device market is expected to grow by a CAGR of 8.5% over the 2013-2018 period, driven by strong import growth, the expansion of healthcare facilities...

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Metals

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BMI View: Despite relatively weak growth to be expected in the near-term, the medium-term outlook for Turkey's metals sector remains promising due to strong demand from the domestic construction...

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Mining

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BMI View: Turkey's mining sector is set to be on the radar of foreign investors in the years to come as the government undertakes serious efforts to reform the mining bill, paving the way for...

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Mining

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We expect to see strong growth in the mining sector of the Middle East and North Africa over the coming years. With low base effects, governmental will to increase non-oil revenues and significant...

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Oil & Gas

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BMI View: Turkey will remain heavily dependent upon oil and gas imports for the foreseeable future. However, its role as a critical energy transit hub between Europe, the Eastern Mediterranean...

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Petrochemicals

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Low growth in the Turkish polymers market persisted into Q114 as a result of the depreciation of the lira, but BMI's latest Turkey Petrochemicals Report anticipates strengthening growth over the rest...

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Pharmaceuticals & Healthcare

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BMI View: Turkey's pharmaceutical market has faced stifling regulatory control over the last five years, which drugmakers have largely borne in return for access to a growing market. With market...

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Power

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BMI View: Despite sizeable economic and political headwinds that have the potential to sap some of Turkey's impressive economic momentum, the power sector continues to attract interest from a...

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Real Estate

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BMI View: Turkey's real estate market is, on the whole, following a positive growth trajectory, with retail the outperformer. Industrial is the Achilles he e l of the sector, lagging behind both...

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Renewables

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BMI View: Despite the political unrest and challenging economic picture, Turkey's renewable energy industry has emerged seemingly unscathed. High levels of investment, continued support from...

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Retail

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BMI View: The last few years have been challenging for the Turkish retail sector. Growth evaporated as the global financial crisis deepened, export markets shrank and consumer confidence fell....

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Shipping

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Growth To Drop Down A Notch In 2014 BMI is becoming more cautious about Turkish economic growth. We have reduced our GDP growth forecast for 2014 to 2.6% (down from 3.1% previously) as global...

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Telecommunications

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BMI View: The Turkish telecommunications market is a relative outperformer compared with its regional peers. There was strong growth in fixed and mobile broadband subscriptions, as well as pay-...

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Tourism

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In BMI's Turkey tourism report, we examine a range of key market indicators in this well established and popular market, including inbound and outbound travel, industry value and tourism related...

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Water

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BMI View: Although little has occurred over the past quarter with regards to new developments in the water sector, we are taking a moderately less positive view with regards to future...

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