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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare f𒊎unds, monetar༒y authorities, stock exchanges, and collection and credit agencies.
Turkey is agriculturally self-sufficient with a climate suitable for farming and an export-oriented economy which represents a stable base for the development of the food processing and beverage ind📖ustry. Food and beverage spending is the ...
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Agriculture traditionally plays an important role in Turkey’s economy generating slig🐼htly over 6% of the country’s gross d𝕴omestic product (GDP) and providing employment for nearly a quarter of the total workforce. Agriculture is the ...
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Since Turkey does not have abundan꧅t oil and gas reserves, the country is importing the bulk of fuels needed to support its rapidly expanding economy. The gꦆovernment is trying to gain maximum advantage from the country’s strategic geographic ...
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The Turkish transportation and warehousing sector has been rapidly expanding in recent years in line with✱ the country’s overall economic and population growth. The industry benefits from the country’s advantageous geographical p♕osition, ...
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The Turkish construction market is highly fragmented, despite the p🍒resence of a high number of big contracting and construction companies with vast international experience. Most of the construction co♒mpanies are family-owned businesses, which have ...
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Turkey ranks 28th in global mining production and is 10th in the world in terms of variety of underground resources. The country possesses 2.5% of global industrial mineral reserves and 0.4% of world's metallic mineral reserves. It has large amount♉s ...
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