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Turkish Justice Ministry expands operations to cope with skyrocketing debt collection, bankruptcy cases

An overwhelming number of debt collection and bankruptcy cases has prompted Turkey's Justice Ministry to lease two multi-story buildings in İstanbul , the Sözcü...

Turkish airline Atlasglobal suspending operations: report

Turkish airline Atlasglobal has decided to suspend operations and told its staff not to come to work on Thursday, Reuters reported, citing the aviation sector news website...

Leading Turkish fuel distributor StarPet goes bankrupt: report

An İstanbul court has ruled for bankruptcy for StarPet, one of Turkey’s leading fuel distribution chains, with some 320 gas stations across the country, the Diken news...

Controversial villa project in UNESCO-listed town to proceed: report

The construction and sale of controversial château-style villas in a Turkish UNESCO-listed town will resume after the reversal by a court of a bankruptcy decision against...

Finance minister says man detained for claiming Turkish Airlines is going bankrupt

Turkish Finance and Treasury Minister Berat Albayrak, who is also the son-in-law of President Recep Tayyip Erdoğan, said on Tuesday that a man who...

Pamukkale, one of Turkey’s oldest bus companies, goes bankrupt

Pamukkale Turizm, a 56-year-old Turkish coach company, has been declared bankrupt by a court, the Diken news website reported on Thursday. In October Pamukkale had...

Famous economist says Turkey’s bankruptcy has already begun

Economist and financial historian Russell Napier argued that Turkey’s bankruptcy has already begun, in a recently published interview with Swiss newspaper Neue Zürcher Zeitung. He...

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