The truth about Asian investment banking

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February 2000

Turkey - When energy lacks the willpower


In theory Turkey should be a paradise for engineers, construction companies and banks involved in the electricity sector. Consumption is far outstripping supply and in theory state monopolies are being opened up to privatization and foreign investment. In practice these developments are entangled in the bureaucratic, constitutional and financing red tape that afflicts almost all enterprise in Turkey. Then there's the tangled geopolitics of gas supply from neighbours. Metin Munir reports


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