Inci Ozbek

The Turkish banking index rose after a regulatory boost that removed the short-selling ban on biggest stocks and skipped inflation accounting for financial firms.

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.

Turkish telecommunications company Turkcell Iletisim Hizmetleri AS signed an agreement to sell its Ukraine units to NJJ Capital.

Turkish Airlines is in talks with Airbus SE for what would be the biggest order in the carrier’s history if finalized.

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.

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 Taps Forex From Services to Bolster Currency Reserves  Bloomberg

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 Airlines will be putting foreign national pilots on unpaid leave to mitigate the impact of the coronavirus pandemic on its finances, according to company emails seen by Bloomberg.

Turkish State Banks Move to Lift Lira as Market Rout Deepens