Foreign companies in Turkey face squeeze


  • World
  • Wednesday, 26 Feb 2014

LONDON/VIENNA (Reuters) - Foreign companies in Turkey are beginning to feel the effects of a sagging currency, rising inflation and a growing political power struggle, adding to fears the country may not be the source of future growth that some companies had hoped.

As Western companies unveiled their 2013 results in recent weeks, most of those with operations in Turkey said they were committed to continuing to invest in the country. However, many acknowledged bumps in their performance there.

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