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restructuring debt

Turkey’s energy, automotive sectors suffering from debt, low demand

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...

Banking association in talks to restructure debts of Turkish football clubs: report

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...

846 Turkish firms have applied for debt restructuring to date: minister

Commerce Minister Ruhsar Pekcan has announced that applications from 846 Turkish companies for konkordato, a legal process for restructuring debt, have been accepted so...

[ANALYSIS] Increasing number of Turkish firms apply for ‘konkordato’ due to currency crisis

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...

Banks propose rule to speed up restructuring of company debt in Turkey

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,...

Akşener pledges to restructure debts of 4.5 million Turkish citizens

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,”...

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