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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 brokerageಞ, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Turkey is agriculturally self-su𓃲fficient 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 industry. Food and beverage spending is the ...
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Agriculture traditionally plays an important role in Turkey’s economy generating slightly over 6% of the country’s gross domestic product (GDP) and providing employment for nearly a quart🧜er of the total workforce. Agriculture is the ...
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Since Turkey does not have abundant oil and gas reserves, the💟 country is importing the bulk of fue𝓀ls needed to support its rapidly expanding economy. The government is trying to gain maximum advantage from the country’s strategic geographic ...
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The Turkish transportation and warehousing sector has beཧen rapidly expanding in recent years in line with the country’s overallꦿ economic and population growth. The industry benefits from the country’s advantageous geographical position, ...
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The Turkish construction market is highly fragmented, despite the presence of a high number ಞof big contracting and construction companies wit𒐪h vast international experience. Most of the construction companies 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 amounts ...
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