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Country data

Population:
75.6 million
Area:
783,600 sq km
Capital:
Ankara
Currency:
New Turkish Lira

Key developments and challenges

  • Economic activity picked up in early 2013. This followed a sharp slow-down in 2012. A continued surge in public consumption and public fixed investment also helped to stimulate demand, but export conditions for Turkey deteriorated. Meanwhile, inflation has risen in 2013, and inflationary pressures have remained high, on the back of a weakening currency.
  • Large macroeconomic imbalances remain. Capital outflows have increased the risks faced by the economy, especially given its large external financing requirements, heavy reliance on short-term foreign borrowing and volatile portfolio inflows.
  • Some measures have been undertaken to liberalise the energy sector. A new Electricity Market Law was passed in March 2013, which aims to increase competitiveness and transparency in the electricity market.

Turkey in the 2013 Transition Report

Bridge in Turkey

Our work in Turkey

In Turkey we focus on sustainable energy, small business in remote regions, and public utilities.

Turkey

Key facts about the EBRD's work in Turkey

No. of projects

122

Net EBRD investment

€3.7 billion

Cumulative disbursements

€3.2 billion

Portfolio in private sector

94%

  

Last update 30 June 2014

View factsheet

Sectors we focus on in Turkey

  • Liberalisation and privatisation
  • Business environment and competition
  • Power and energy
  • Municipal sector infrastructure
  • Telecommunications
  • Financial sector

Learn more


Our strategy in Turkey

The Bank aims to increase availability of risk capital and long-term funding to the micro, small and medium sized (MSMEs) enterprises.

Investments elsewhere in the enterprise sector will focus on agribusiness: priority will be on strengthening linkages and standards along the food chain and stimulating a food supply that meets European quality standards.

The Bank also aims to promote favourable market conditions for the development of energy efficiency and renewable energy through its investments. And it will support the government’s privatisation programme in the enterprise and financial institutions sectors.

Read strategy

CONTACTS

Istanbul RO

Büyükdere Caddesi, 185
Kanyon Ofis Binası, Kat: 2
Levent
34394 Istanbul
Turkey

Tel: +90 212 386 1100
Fax: +90 212 386 1199

Ankara RO

Eskişehir Yolu,
Armada Iş Merkezi, No:6 Kat:4
Söğütözü, 
06520 Ankara
Turkey

Tel: +90 312 205 5960
Fax: +90 312 205 5970