Turkey’s banking authority BDDK said total banking assets had increased 7.3% since the end of 2016, reaching a total of $826 billion.
Not long ago, Romania was synonymous with sluggish growth, underperformance and corruption. Analysts acknowledged its huge potential but said it wasn’t being realized.
During complex times for Turkey, banks, at least, can rest assured that their system is running smoothly, is well capitalized and well regulated.
Asian Development Bank Section: ADB Annual Meeting
Last year’s historic Asian Development Bank (ADB) annual meeting in Baku, Azerbaijan saw the bank and member countries commit to a wide range of goals and reforms.
When the Justice and Development Party (AKP) swept elections in November, financial markets were focused neither on prime minister Ahmet Davutoğlu, nor on president Recep Tayyip Erdoğan. All eyes were on new deputy prime minister Mehmet Şimşek, the former Finance minister, who may be the only reformer within the largely statist AKP.
Short-term risks have not dimmed the country’s economic prospects. That may explain why FDI from Asia and Gulf nations is surging.
Mergers & Acquisitions | Slowing growth and severe stock market falls have raised fears that China is nearing some sort of crossroads. Some economists believe that, owing to tight central controls, Chinese corporations won’t hit their expected growth targets.
CEE Regional Report
The unorthodox policies of prime minister Viktor Orbán may be controversial, but they’ve helped kick-start the country’s economy. Most of the other CEE nations are also mounting turnarounds..