Invest News DetailBloomberg - Turkey is having its best year for takeovers since 2008, recording better growth than any of the largest emerging markets as Europe’s fastest-expanding economy lures buyers from the UK, the US, and Russia. The value of transactions involving Turkish targets has increased by 59 percent annually to reach USD 8.8 billion, the highest level since Lehman Brothers Holdings Inc. failed in September 2008, according to data compiled by Bloomberg. Deals dropped this year in Brazil, India, and China, while mergers and acquisitions grew by 50 percent in Russia, the data show. Turkey’s USD 735 billion economy grew by 8.8 percent in the second quarter; this is faster than India’s growth rate and more than four times the Euro Zone’s rate of expansion. Turkish companies were targets in 83 transactions this year, compared with 79 transactions worth USD 13.1 billion for all of last year, data compiled by Bloomberg show. The average disclosed deal amounts to some USD 198 million, with 93 percent of buyers coming from abroad. The biggest foreign buyers are from the UK, the US, and Russia. Turkish mergers and acquisitions are being driven by transactions in the power, infrastructure, services, private equity-driven food and consumer retail, and healthcare sectors.