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Turkey

Turkish factoring company sells majority stake

Strategic Internet Investments, the Canadian investment company, is to purchase a 51 per cent controlling interest in Turkish factoring company, Bayindir Faktoring Hizmetleri. Bayindir is one of the leading factoring companies operating within the Turkish financial markets. Bayindir closed 2003...

Slovenia sign deal to boost trade cooperation

Following the Joint Economic Commission (KEK) meeting in Ankara, Deputy Prime Minister Abdullatif Sener and Slovenian Economy Minister Tea Tapetrin…

#Boost#economy#investments


Eximbank cuts export loan rates

State Minister Kursad Tuzmen has announced that Eximbank has cut its short-term lira export loan rates by two per cent…

#bank#exporters#interest


Official export-credit programmes

Teximbank operates programmes designed to insure exports against commercial and political risks. The majority of the companies accessing the service…

#exports#political risks#risk


World Bank and Turkey sign export finance loan deal

The World Bank and Turkey have signed a US$303m Export Finance Intermediation Loan (EFIL) Agreement. The agreement was signed by…


Banks' long-term credit rating improving

Things are looking up in Turkey. The Fitch Agency, which issues international credit ratings, has upgraded both Turkey's credit rating…

#bank#banks#international


Exports rise 37% in January

Turkey's exports rose 36.9 per cent year-on-year to US$4.73bn in January, the Turkish Exporters Assembly (TIM) said. Exports were US$3.45bn…


Toprak Factoring joins Altэnbaю group

Toprak Factoring A.Ю., which was taken over by the Banking Regulation and Supervisory Agency (BRSA) in 2001, has announced that…

#bank#banks#investment


Trade deficit up 44.4% in 9 months

The year-on-year foreign trade deficit increased 44.4 per cent to $15.4bn in the first nine months, the State Institute of…

#exports#trade


Vakifbank mandates US$150m loan for exports

Vakifbank said on Friday (17 October) it had mandated a consortium of foreign banks for a US$150m syndicated loan to…

#banks#exports#international


State Minister expects end-2003 exports at $45bn

Kursad Tuzmen, the State minister responsible for foreign trade, expects exports to reach $45bn and imports to stand at $64bn-$65bn…


Central Bank decreases interest rates again; positive trend in...

The positive atmosphere in the economy continued with another fall in interest rates. With a 3-point drop on Thursday (18…

#bank#economic outlook#IMF

Exports rose in August with 29.1 per cent, reaching...

Turkey's exports in August rose 29.1 per cent on last year to reach $3.89 billion despite the appreciating lira, according…

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