Turkey’s roaring economy has earned it the nickname “New Tiger” among foreign investors — who are pouring money into a country that spans Europe, Asia and the Middle East in one of the most volatile regions of the world.
Is that a risky investment strategy? Most experts say no. With its security provided by its NATO membership and a secular government in place, Turkey is a stable country, even as it allegedly trains rebels seeking to overthrow Bashar Assad as president of neighboring Syria.
Inflationary woes and its current account deficit are more a worry than political risk, say experts.
“The risk-reward ratio of investing in Turkey at the moment is possibly one of the highest in the world,” said Serkan Gur, executive director at Crossbridge Capital.
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It’s one of the safest houses in a dodgy emerging markets neighborhood. Turkey weathered the global financial crisis better than most, and is rewarding investors with growth spurred by a young and educated workforce, modern infrastructure, a large domestic market, multiple free trade agreements and a liberal and reformist investment climate.Page 1 of 4 | Next Page