Best companies in CEE: Turkey rises up the ranks

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Best companies in CEE: Turkey rises up the ranks

Turkish companies are the rising stars of corporate governance in emerging Europe. But CEZ remains the one to beat.

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Companies have continued to improve corporate governance as part of the EU convergence process. But Czech energy company CEZ retains its position as top company in the region. Chloe Hayward reports.


Turkcell is helping to ring the changes in Turkish governance

Turkcell is helping to ring the changes in Turkish governance

TURKEY HAS EMERGED as the rising star of corporate governance in the 2008 Euromoney CEE companies poll. Garanti Bank has shot up the poll from ninth position to second, and mobile phone operator Turkcell has entered the top 10 for the first time in third place. In contrast, in the 2007 poll no Turkish institutions made the top five. "Foreign direct investment has driven this change in Turkey," says Bulent Akgul, director at Fitch Ratings in Istanbul.




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