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Turkey Sees Foes at Work in Gold Mines, Cafes and ‘Smurf Village’

Stroz Friedberg is a specialized risk management firm built to help clients solve the complex challenges prevalent in today’s digital, connected, and regulated business world

The Turkish lira is crumbling and foreign investment has dropped by half compared with last year. All three of the major rating agencies have downgraded the government’s debt to junk status, citing among other factors the bludgeoning approach to companies suspected of having ties to the Gulen movement.

“We’ve seen this new narrative about Turkey as it has taken an authoritarian turn,” said Jonathan Friedman of Stroz Friedberg, a global risk consultancy. “In boardrooms, the country is now a very hard sell.”

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