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Istanbul Chamber of Industry Says Latest Regulations Have Hurt Companies

TURKEY
  • Reuters cites the head of the Istanbul Chamber of Industry as saying that exporters are facing serious problems in accessing financing, adding that the latest banking watchdog regulations have worsened the situation.
  • Recall this morning's piece in Dunya - they wrote that a key financing tap for exporters has been closed off for almost two months, with exporting firms not able to access financing facilitated by the CBRT lending to the real sector. Instead, the piece writes that firms are forced to opt for more expensive instruments, particularly if they can’t access re-discount credits.

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