New stock market for SMEs to be launched

The Gelisen Isletmeler Piyasasi, the new emerging enterprise stock market, will be launched in Turkey in 2008.
Halkbank, one of the largest public banks in Turkey, has prepared a package of easy loans for small and medium-sized enterprises (SMEs). The special bank credit plans within this package will be based not on the conventional banking principles, like high turnover and a strong balance sheet, but instead on trust.