The European Bank for Reconstruction and Development (EBRD) announced on 23 January that Turkey has become the second largest country for the Bank’s investment loans, in terms of annual business volume in 2012.

The first place continues to be occupied by Russia, where EBRD has invested over €2.5 billion in the course of the last year.

Not only did Turkey’s total portfolio exceed €2.6 billion in 76 projects, but the country has also become the fastest-growin...