The year 2014 is expected to be a year in the Turkish retail
sector in which increasing differentiation in terms of profit
earnings is going to be felt among the various different
industries. Especially crucial to understand the increasing
differentiation among different sub industries with the Turkish
retail sector is the complex interdependence that Turkey's
energy needs have created among traditionally unconnected
sectors.
Turkey's energy bill currently amounts to USD$60 billion
which in turn accounts to the 25% of the total imports of the
country. Given the fact that Turkish high economic growth dictates
an energy dependency which is not likely to go away in the short
term due to the underdevelopment of the renewable energy potential
of the country, the economic policy makers of the country have to
look for some other ways to reign in the current account deficit of
the country which have been crippling the economic prospects for
the long term future of Turkey.
