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Sunday, 5 August 2007
Turkey’s changing corporate culture attracting foreigners
(Gulf-times) Guler Sabanci is riding the wave of foreign interest in Turkey. In the past year, the 52-year old chief executive of one of Turkey’s largest conglomerates has struck one deal after another with investors eager to cash in on Turkey’s fast growing economy.
In the past 12 months, Sabanci has inked agreements with the likes of Citigroup, Austria’s Verbund and the UK’s Aviva, raising more than $3.5bn for her company.
But those deals don’t just signal a new willingness by foreigners to invest in Turkey. They also reflect a transformation in the way Turkish companies do business, gradually becoming more professional, better managed and more transparent. Read more...
In the past 12 months, Sabanci has inked agreements with the likes of Citigroup, Austria’s Verbund and the UK’s Aviva, raising more than $3.5bn for her company.
But those deals don’t just signal a new willingness by foreigners to invest in Turkey. They also reflect a transformation in the way Turkish companies do business, gradually becoming more professional, better managed and more transparent. Read more...
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