Straddling Europe, Asia and the Middle East, Turkey is a Muslim country with ancient Christian roots but founded as a modern nation in 1923 by a militant secularist, Mustafa Kemal Ataturk. It’s now the fastest-growing economy in Europe.
Investing abroad always poses risk but if you’re careful, though, you can profit nicely in overseas markets, some with double-digit year-over-year growth.
Research has shown that there will continue to be a battle for top talent in Turkey, as it competes with the West to attract and retain the best employees, says Mark Hamill, CEO of global search firm SpenglerFox
Turkey's information and communications technology sector is probably the foremost candidate for growth.
Dominated by a highly-regarded banking sector and flourishing consumer goods industry, Turkey’s stock market is easy for foreign investors to access.
For years, the prospect of Turkey joining the EU wasn't taken seriously. But Turkey has embarked on a series of economic and political reforms, making it more palatable to EU members.
Population: 73,639,596 Currency: Lira Natural resources: coal, iron ore, copper, chromium, antimony, mercury, gold, barite, borate, celestite (strontium), emery, feldspar, limestone, magnesite, marble, perlite, pumice, pyrites, clay, arable land, hydropower Industries: textiles, food processing, autos, electronics, mining (coal, chromate, copper, boron), steel, petroleum, construction, lumber, paper
From carpets to calligraphy to ceramics, there is a lot of history and variety to the fine art of Turkey and the Ottoman Empire that preceded it.
Worries over the European debt crisis, a slow recovery in the U.S. and fears over a "hard landing" for China’s economy have left global investors searching for new markets to put their money in. What are the countries with the best prospects for growth?
So far this year, the Bombay Sensex is up nearly 15 percent and is outperforming the S&P 500. Geoffrey Dennis, global emerging markets strategist at Citi, offers insight.
There has always been risk when investing abroad, but as geopolitical tensions flare around the world the question is if the risk is worth the reward? CNBC's Jackie DeAngelis reports.
Anthony Skinner, director at Maplecroft, told CNBC, that Turkey was seeing a soft landing but a current account deficit was still an inevitability of the economy as almost all of Turkey's oil and gas is imported from abroad.
Turkey is diversifying away from Europe in terms of trade, with European Union leaders still unable to come up with a solution to stop the debt crisis from spreading, Turkish Finance Minister Mehmet Simsek said.
Which emerging markets are most exposed to the euro zone crisis? David Riedel, Riedel Research Group, provides the best global plays.