Turkey’s energy and automotive sectors are suffering
from exorbitant debt and low demand, respectively, in the face of a continuing
recession.
Turkey’s energy sector has $12-13 billion...
Turkey’s banking association is in talks with the chairmen of the country’s top football clubs to restructure their mounting debts, Reuters reported, citing state...
Commerce Minister Ruhsar Pekcan has announced that applications from 846 Turkish companies for konkordato, a legal process for restructuring debt, have been accepted so...
Turkey’s sole remaining wooden shoe last manufacturer, Sabo Shoes, on Sept. 25 applied to an İstanbul commercial court of first instance for “konkordato.” On...
Turkish banks have proposed rules to speed up the restructuring of company debt and allow lenders to avoid booking problematic credit as non-performing loans,...
İYİ (Good) Party leader and presidential candidate Meral Akşener on Monday introduced her party’s economic program, including a project called the “Turkey Solidarity Fund,”...
