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Investing in Turkey

Sculptures of a bull and a bear outside the Istanbul Stock Exchange

Inside this issue

• As the country’s financial situation changes, so may investor attitudes towards risk

• Political attitudes make for a challenging investment climate in the wine industry - -

Content

Chance to assert economic independence

But without the IMF ‘walking stick’, the recovery will be more sluggish, says Delphine Strauss

Corporate tax: State vigilance is a rising investor concern

Delphine Strauss asks whether recent demands mark a new strategy

Sabiha Gökçen: New terminal lands on time and budget

Istanbul’s second airport aims for growth, writes Delphine Strauss

Pharmaceuticals: Change in drug prices prompts heartache

Pelin Turgut examines the effects of electorally popular healthcare changes

Banking: Low interest rates call for new strategy

Delphine Strauss says that this year’s windfall profits are unlikely to be matched over the next few years

Energy: Success of oil pipeline depends on whims of Moscow

Government wants to ease traffic on the Bosphorus, says David O’Byrne

Iraq: Links growing beyond aid and smuggling

Alex Barker says the country’s long-term relationship with its war-torn neighbour is an opportunity

Migros: BC deal tests water for private equity

Martin Arnold says debt-funded acquisitions are becoming attractive

Wine: Government wary of temptations of Bacchus

Political attitudes make for a challenging investment climate, says Pelin Turgut

Tourism: Volumes rise, spending falls

Delphine Strauss asks if all-inclusive hotels are good for the health of the industry