VIENNA (Reuters) - Turkey offers good opportunities, particularly in the energy sector, as it enters a period of relative political stability, Willi Hemetsberger, the head of global markets at UniCredit (CRDI.MI: Quote, Profile, Research, Stock Buzz), said on Tuesday.
This is despite Turkey having a relatively high current account deficit and perpetual concerns about its geo-political situation, Hemetsberger told the Reuters Central European Investment Summit.
"Overall I'm pretty relaxed about Turkey," he said, adding that consolidation of production and distribution in the energy sector would provide opportunities for capital market deals and for strategic investors.
Turkey's sell-off of its power grid would start at the latest in 2008 and represented a huge market, Hemetsberger said.
Turkey had postponed the sale of the 20 electricity grids under an IMF-backed privatization program until after the general election in July.
Hemetsberger said Turkey was entering a "smooth era" and the political environment was now very benign.
(For summit blog: summitnotebook.reuters.com/)
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