EME Macro/Strategy: Türkiye – unprecedented CHP victory in local elections
In this report, we provide detailed information on the recent local election results in Türkiye, and assess the potential implications of AKP’s unexpected defeat on Erdogan’s government’s economic policies. We also flag some upcoming developments on the foreign policy front (such as President Erdogan’s official visit to the US on 9 May – the first of its kind during the Biden administration), which could have an impact on the markets in the near term.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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