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Search resuls for: "Jonathan Spicer Nevzat Devranoglu"


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ISTANBUL, March 24 (Reuters) - Scores of foreign investors are returning to Istanbul and Ankara after years in the cold for a flurry of meetings to understand whether Turkish elections could bring a tidal change for its economy and financial markets. President Tayyip Erdogan's unorthodox policy approach, including aggressive rate cuts in the face of soaring inflation, left the economy and markets heavily state-managed and spurred an exodus of foreign investors over the last five years. Investors seek to understand "who will win, who will hold key positions and what the programme will be." Wall Street bank Citi said it held two days of meetings in Istanbul earlier this month for its bond and equity investors. "It may be a good opportunity to rethink Turkey's currently significant 'underweight' positioning among peer markets," the investor said.
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