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Uğur Gürses

Turkey begins transferring central bank legal reserves to treasury, economist says

Turkish economist Uğur Gürses has claimed that TL 21 billion ($3.77 billion) in the central bank’s legal reserves were transferred last Thursday to the treasury. The sum represents...

$1.8 billion transfer from Turkey’s Unemployment Fund to state banks

Presidential spokesperson İbrahim Kalın on Wednesday confirmed that TL 11 billion (approximately $1.8 billion) was transferred from the Unemployment Fund to three state-run banks,...

Pro-Erdogan media boss gets special treatment, makes $44 mln windfall profit

Turkey’s Capital Markets Board (SPK) exempted the pro-government Demirören Group from the legal obligation to solicit takeover bids from public shareholders in its purchase...

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