– Turkey is a transcontinental Eurasian country. Asian Turkey (made up largely of Anatolia), which includes 97% of the country, is separated from European Turkey by the Bosphorus, the Sea of Marmara, and the Dardanelles (which together form a water link between the Black Sea and the Mediterranean). European Turkey (eastern Thrace or Rumelia in the Balkan peninsula) comprises 3% of the country. [Wikipedia]
– Turkey is a secular state with no official state religion; the Turkish Constitution provides for freedom of religion and conscience. Islam is the dominant religion of Turkey, it exceeds 99% if secular people of Muslim background are included.Research firms suggest the actual Muslim figure is around 98% or 97%. [Wikipedia]
a city of 15m that lies at the heart of one of the world’s fastest-growing economies.
More worrying still is that much of the foreign capital that finances Turkey’s current-account deficit is of the flighty sort (flows into banks or purchases of stocks or bonds), which can leave again quickly.
Turkey’s location is another selling-point. Its role as a trading post between east and west has been a lure for businessfolk since before the Genoese built the Galata Tower. Today Germany is Turkey’s main trading partner but Iraq, Iran, Egypt, Saudi Arabia and the United Arab Emirates are as important as a block.
[…] has included Turkey in MIST, a second tier of biggish rising stars, alongside Mexico, Indonesia and South Korea.
Its big domestic market will become bigger: its 75m population is young and is forecast by the United Nations to reach 92m by 2050