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Article: Turkey starts to look upAROUND THE MARKETSMARKETPLACE by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- July 20, 2007
- Author:
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Seda Sezer
International Herald Tribune
07-20-2007
Turkish stocks, cheaper than equities in European Union markets, are attracting investors who say a rally this year is just the beginning.Prime Minister Recep Tayyip Erdogan, who has sold state-controlled companies and reduced the budget deficit, will retain power in elections this weekend, according to six opinion polls.The nation of 72 million people has had 21 consecutive quarters of economic growth, and inflation is near a five-year low. The ISE National 100 index of Turkish stocks has jumped 31 percent this year and set a record last week as companies including Turkiye Garanti Bankasi and Eregli Demir & Celik Fabrikalari reported ...