Finance

Press release… Yağcı: “The decrease in exchange rates causes our products to be exported cheaply” Cahit Doğan Yağcı, Chairman of the Aegean Furniture Paper and Forestry Products Exporters’ Association, said that the dollar exchange rate, which entered 2021 at the level of 7.43 TL, declined to 7.05 on February 5, …

ANKARA The World Bank on Monday announced that under a new project it will provide a finance of $300 million to help avert the closure of viable micro- and small-enterprises (MSEs) in Turkey amid the coronavirus pandemic. The new financing will support people and firms by providing reimbursable support financing …

Yemeksepeti, an online food delivery app in Turkey, has announced a TL 20 million ($2.55 million) support package for restaurants feeling the pinch of the coronavirus pandemic. Turkey on Monday announced it will impose a weekday curfew and a full lockdown on weekends to combat the spread of the outbreak. …

Press release… E-commerce market will reach 6.5 trillion dollars in 2022… Aegean Exporters’ Associations (EİB) Koordinator Jak Eskinazi said the e-commerce sector can grow rapidly with SMEs (Small and medium enterprises), which are the backbone of the economy and that e-export will develop with the transition of SMEs to e-commerce. …

While the Goverment continued its works in many headings from income insurance to land banking in agriculture, agricultural assets worth 281.1 billion liras have been insured so far. Minister of Agriculture and Forestry Bekir Pakdemirli stated that 14 million 440 thousand agricultural insurance has been arranged since 2006. Pointing out …

The European Bank for Reconstruction and Development (EBRD) and the Industrial Development Bank of Turkey (TSKB) on Wednesday jointly extended a loan of 11 million euros (nearly $13 million) to Turkish chocolate maker Altınmarka to finance growing demand for its products. The loan will finance the company’s increased working capital …

Ziraat Bank CEO and Member of the Board Hüseyin Aydın said that the agricultural loans balance, which was 18 billion TL at the end of 2012, reached 76 billion TL as of September 30, 2020 and that the share of agricultural loans in the sector increased to 65 percent. Aydın …

In the last 5 years, the number of companies that have developed products and services on financial technologies has increased rapidly. The common purpose of these companies is to design new technologies that aim to improve and automate of financial services and bring them together with the peoples. Hundreds of …

The banking sector continues its strong support to agriculture, one of Turkey’s strategic economic spheres. Offering special opportunities and credit facilities to farmers, especially with their agricultural banking concept, banks continue to stand by the farmers with different products, taking into account the needs of the agricultural sector and seasonal …

Burak Koçak, Deputy General Manager of DenizBank Agricultural Banking Group, said that with the acquisition of Tarişbank in 2003, they have reached a high market share of 48 percent among private banks in 17 years in agricultural banking. Emphasizing that each product group in the agricultural sector or even each …