Edition:
United Kingdom

Can Sezer

Turkey says it faces up to $3 billion in trade losses with Britain under no-deal Brexit

04 Sep 2019

ISTANBUL Turkey may lose trade with Britain worth up to $3 billion in the event of a no-deal Brexit, Trade Minister Ruhsar Pekcan said on Wednesday, adding that many Turkish companies lacked information on the consequences of such a scenario.

Volkswagen discussing Turkish car tax as it seeks deal on plant: sources

29 Aug 2019

ANKARA/ISTANBUL German carmaker Volkswagen is holding talks with officials in Ankara over Turkey's vehicle tax regime as it seeks to conclude a 1-billion euro investment to build a production plant in Turkey, two sources said on Thursday.

RPT-EXCLUSIVE-Turkey's restructuring stalls as banks, government wrestle with bad debt

18 Jul 2019

By Can Sezer, Ebru Tuncay, Ceyda Caglayan and Jonathan Spicer

Exclusive: Turkey's restructuring stalls as banks, government wrestle with bad debt

17 Jul 2019

By Can Sezer, Ebru Tuncay, Ceyda Caglayan and Jonathan Spicer

Despite rhetoric, Turkey complies with U.S. oil sanctions on Iran

21 May 2019

ISTANBUL Turkey has closed its ports to Iranian oil, fully complying with U.S. sanctions against its main supplier, despite Ankara publicly criticising the United States' move to end import waivers and warning of a struggle to tap alternative producers.

Family-owned Turkish car parts maker Teklas up for sale: sources

15 May 2019

FRANKFURT/ISTANBUL Turkey's Teklas Kaucuk, which supplies parts to carmakers such as General Motors and BMW, has put itself up for sale in a deal that could value the company at as much as 700 million euros ($782.9 million), two people familiar with the matter said.

Family-owned Turkish car parts maker Teklas up for sale - sources

15 May 2019

FRANKFURT/ISTANBUL, May 15 Turkey's Teklas Kaucuk, which supplies parts to carmakers such as General Motors and BMW, has put itself up for sale in a deal that could value the company at as much as 700 million euros ($782.9 million), two people familiar with the matter said.

UPDATE 2-Turkey raises forex sales tax in another lifeline for lira

15 May 2019

* Tax seen boosting government revenues by 1 bln to 4 bln lira

Exclusive: Turkey presses banks to agree high-stakes bailout of bad energy loans

13 May 2019

ISTANBUL Turkey's plan to clean up some $13 billion in bad energy loans, one of the worst hangovers from last year's currency crisis, is taking shape even as some banks hold out for the government to agree to safeguards and higher electricity prices.

UPDATE 1-Turkish banks in no rush to sell problem loans, focused on restructurings -sources

10 May 2019

ISTANBUL, May 10 Turkish banks told foreign investors they were in no rush to sell problem loans on their books, and were focused on restructuring them, three people present at a meeting discussing bad debt on Thursday in Istanbul told Reuters.

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