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.
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.
Teximbank operates programmes designed to insure exports against commercial and political risks. The majority of the companies accessing the service are small, first-time entrants to what are deemed high-risk export markets.
The World Bank and Turkey have signed a US$303m Export Finance Intermediation Loan (EFIL) Agreement.
Things are looking up in Turkey. The Fitch Agency, which issues international credit ratings, has upgraded both Turkey's credit rating and the credit rating of 18 of its banks in long-term local and foreign currency.
Turkey's exports rose 36.9 per cent year-on-year to US$4.73bn in January, the Turkish Exporters Assembly (TIM) said.
Toprak Factoring A.Ю., which was taken over by the Banking Regulation and Supervisory Agency (BRSA) in 2001, has announced that an 83% stake in the company has been sold to Altэnbaю Holding A.Ю., a group of companies operating in the jewellery, en
The year-on-year foreign trade deficit increased 44.4 per cent to $15.4bn in the first nine months, the State Institute of Statistics (DIE) said on Friday.
Vakifbank said on Friday (17 October) it had mandated a consortium of foreign banks for a US$150m syndicated loan to finance exports, with a one-year maturity.