Guardian Unlimited | Special reports
"Europe's answer to China?
Turkey has its sights set on becoming a bigger player in the global economy, says David Gow
David Gow, Istanbul
Friday May 5, 2006
Turkey is a rising star of the global economy, says Cansen Basaran-Symes, territorial senior partner at accountants PriceWaterhouseCoopers, and you only need to look at three recent events that symbolise the predominantly Muslim country's ascent from the ashes of the crash of 2001 - and its studiedly secular openness to reform and change.
A US private equity firm, Texas Pacific, bought into the former state-owned alcohol monopoly, Mey, makers of the national spirit raki, and Alpha, Greece's second-largest bank, said it was in talks to acquire Tekfenbank - the second bank from Turkey's historic adversary to invest in its booming financial sector after National Bank of Greece this month paid €2.3bn to take a 46% stake in Finansbank."
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