The Turkish Union of Chambers and Commodities Exchanges (TOBB) has announced it will lend YTL 100m (Ђ55m) to small- and medium-sized enterprises (SMEs) through Halk Bank.
State Minister Kursad Tuzmen announced that exporters will be subsidized in 2005 with a US$7.5bn fund from Eximbank.
Turkey's ability to maintain an atmosphere of stability and trust prompted the Central Bank to drop the overnight inter-bank rate, which was 44 per cent two years ago, to 20 per cent on Thursday.
According to a survey by the research company Konsensus, small- and medium-sized enterprises (SMEs) are losing hope over the economic situation in the country.
BNP Paribas announced that it has agreed to explore a strategic partnership in the Turkish banking sector with the Зolakoрlu Group.
Turkey Economy Bank (TEB) Financial Investments Inc., the private banking, factoring, leasing and investment group, announced yesterday that it is starting discussions with the French finance group, BNP Paribas, regarding a possible joint venture.
Strategic Internet Investments, the Canadian investment company, is to purchase a 51 per cent controlling interest in Turkish factoring company, Bayindir Faktoring Hizmetleri.
Following the Joint Economic Commission (KEK) meeting in Ankara, Deputy Prime Minister Abdullatif Sener and Slovenian Economy Minister Tea Tapetrin signed the KEK Protocol, an agreement to boost economic cooperation.
State Minister Kursad Tuzmen has announced that Eximbank has cut its short-term lira export loan rates by two per cent and its forex export loan rates by 0.25 per cent.