Turkey quickly summoned Massimo Gaiani, Italy’s ambassador in Ankara, to its foreign ministry after Italian Prime Minister Mario Draghi labeled Turkish President Recep Tayyip Erdogan a dictator.
Turkish engineering company Hidropar Hareket has raised 132 million liras ($7.4
million) in an initial public offering, according to a filing from
Istanbul-based brokerage firm A1 Capital.
Turkey’s Central Bank, under new Governor Hafize Gaye Erkan, is easing its security maintenance rule as its first step to simplifying policies designed to boost Turkish lira savings.
Turkey’s Peninsula Investments and Denon Partners have merged to create Peninsula Corporate Finance AS and plan to establish an investment bank within the next two years.