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Globalturk Capital and EMPEA’s Second Annual Executive Briefing, with Deputy Prime Minister Mehmet Şimşek
For a prime example of the gap between the macro risks of a country, actual or perceived, and the reality on the ground of private capital investment opportunities, look no further than Turkey, a US$861 billion GDP economy with a population of nearly 80 million people and a median age of 31.
Colombia's Congress on 20 November approved a final peace agreement ending a 52-year conflict between the government and the leftist Revolutionary Armed Forces of Colombia (FARC) guerrilla group. Although implementation of the deal is likely to prove challenging over the coming months and years, official end of the conflict, the longest in the Western Hemisphere, nonetheless represents a unique opportunity for the country to turn a page in its bloody history and refocus its efforts on addressing some of its most pressing problems. These include still widespread poverty, high levels of inequality, internal displacement and bridging the urban-rural development gap.
The past decade has seen a turnaround in African economic growth. From 1980 to 1989 Africa’s Gross Domestic Product (GDP) grew by an average 1.8% per year. Between 1990 and 2000 GDP growth increased by 2.6% per year and by 5.3% per year between 2000 and 20101 . This economic growth is producing a growing African middle class that is now estimated at 350 million people2 , creating a strong demand for development in industry and infrastructure.
US airline JetBlue will begin scheduled services to Cuba on August 31st, marking the latest step in the normalization of relations between Cuba and the United States. Since President Barack Obama and his Cuban counterpart Raúl Castro announced in November 2014 the re-establishment of diplomatic relations after 54 years of no official contacts at the highest government levels, the US government has announced the easing a number of restrictions relating to US companies doing business with and in Cuba and for US persons wishing to travel to Cuba. Highlights include:
- Hospitality and tourism, agriculture, telecommunications and financial services are all sectors that have benefited immediately from the explicit lifting of some restrictions on their activities or receiving special authorization from the US authorities to conduct business.
- Exports of US healthcare products permitted under current US legislation increased by 457% in 2015 compared with 2014.
- Over 150,000 US nationals visited Cuba in 2015, an increase of 77% on 2014.
- Nearly 150 US government representatives have visited and held official meetings in Cuba, and over 70 Cuban officials have done the same in the US.
The built environment is subject to a wide and complex range of security-related threats and hazards. This is the result of an increasingly volatile global security landscape generated by the proliferation of terrorism, separatism, civil disorder and organised crime, an increasingly technologically-advanced approach to cybercrime, and the prevalence of attacks on crowded places aimed at creating mass casualties.