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Turkey

US$7.5bn subsidiary for exporters

State Minister Kursad Tuzmen announced that exporters will be subsidized in 2005 with a US$7.5bn fund from Eximbank. Tuzmen pointed out yesterday that short-term export credits granted by Turkish Eximbank between January 1st and October 31st 2004 exceeded US$2.8bn. 40...

Interest rates falling

Turkey's ability to maintain an atmosphere of stability and trust prompted the Central Bank to drop the overnight inter-bank rate,…


SMEs losing hope of economic recovery

According to a survey by the research company Konsensus, small- and medium-sized enterprises (SMEs) are losing hope over the economic…

#crisis#economic recovery#economy


BNP Paribas plans entry into Turkish banking market through...

BNP Paribas announced that it has agreed to explore a strategic partnership in the Turkish banking sector with the Зolakoрlu…


Factor seeks partnership with bank giant

Turkey Economy Bank (TEB) Financial Investments Inc., the private banking, factoring, leasing and investment group, announced yesterday that it is…

#bank#economy#insurance


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,…


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

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