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Country data
- Population:
- 75 million
- Area:
- 783,600 sq km
- Capital:
- Ankara
- Currency:
- New Turkish Lira
Key developments and challenges
Some state entities in the energy and transport sectors were privatised in 2009-10. The challenge is now to accelerate the pace of reform and undertake further privatisation projects in the municipal and environmental infrastructure sectors.
A return to sustainable growth will require the authorities to amend rigid labour market regulations, which continue to discourage formal labour market participation and employment.
Fiscal and monetary policy has been suitably accommodative during the crisis. Fiscal prudence, entrenched in a fiscal responsibility law, could reassure investors about the authorities’ commitment to fiscal sustainability and limit the growth of public debt.
More developments and challenges
Turkey
Key facts about the EBRD's work in Turkey
|
No. of projects |
46 |
|---|---|
|
Net business volume |
€1.5 billion |
|
Total project value |
€4.9 billion |
|
Gross disbursements |
€1.4 billion |
|
Portfolio in private sector |
95% |
Sectors we focus on in Turkey
- Liberalisation and privatisation
- Business environment and competition
- Power and energy
- Municipal sector infrastructure
- Telecommunications
- Financial sector
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.
NEWS
CONTACTS
Büyükdere Caddesi, 185
Kanyon Ofis Binası, Kat: 2
Levent
34394 Istanbul
Turkey
Tel: +90 212 386 1100
Fax: +90 212 386 1199