Global Business Reports on behalf of bne
Mon, 27th Sep -- The World Bank went on record in June to say that Turkey, alongside Russia, would drive the economic recovery in Europe, upgrading the country from a peripheral wannabe EU member to a central player in the future prosperity of the Continent.

Global Business Reports on behalf of bne
Mon, 27th Sep -- Want proof that Turkey is coming out of the crisis? Then look no further than its capital markets. The Istanbul Stock Exchange (ISE) and Turkish derivatives market, TurkDex, set a series of record highs this year as investors adjust to the new era of low inflation and interest rates.

Global Business Reports on behalf of bne
Mon, 27th Sep -- Turkey is by far the biggest market in its region and a natural financial hub for the fast growing countries of the Balkans and the Caucasus. So the Turkish government has launched a programme to transform Istanbul into an international financial centre.

Global Business Reports on behalf of bne
Mon, 27th Sep -- Mergers and acquisitions in Turkey were booming until the global economic crisis hit. Now the economy is coming out the other side, corporate finance is back on the agenda and investment bankers are rolling up their sleeves.

Global Business Reports on behalf of bne
Mon, 27th Sep -- The financial crash following the collapse of Lehman Brothers in 2008 was the worst anyone could remember since 1929, but for Turkish banks the panic selling was all too familiar after going through a crisis that was almost as bad in 2001.

Global Business Reports on behalf of bne
Mon, 27th Sep -- Today's budding Turkish asset management industry was the happy accident of a private pension law passed in 2001, which enabled the creation of private pension schemes and restricted their operation to fund managers. The fund industry has since grown slowly, but the maturing economy means it should finally reach its full potential.