Banking regulator BDDK revokes Bank Mellat's Istanbul

Yapı-Yol Sen’den özelleştirmelere tepki: ‘Kamu kaynağı üç kuruş bedelle sermayeye peşkeş çekiliyor’ — Photo: Cumhuriyet

Economy 2 sources 19 Sept, 04:10

Union objects to privatization of bridges and highways; Bodrum properties included in scope

Yapı-Yol Sen announced that it calculated the 30-year revenue of the 2 Bosphorus bridges and 8 highways brought into the privatization scope by a decision published in the Official Gazette on September 5 at $25.2 billion. A separate Presidential Decree also brought 4 Treasury properties in Bodrum and Sarıyer into the scope.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

For now only the opposition press is reporting this

Yapı-Yol Sen Official Gazette Bodrum Sarıyer Treasury

Üretici yerine şirketler kazandı: Hasat sezonu hüsranla kapandı — Photo: BirGün

Economy 1 source 2 updates 19 Sept, 05:48

BirGün: Harvest season ended in losses for farmers, support payments below inflation

According to BirGün's report, producers suffered losses on many products from sunflower to hazelnut due to purchase prices and input costs; the newspaper reported that the state debt arising from the gap between the support envisaged in the Agriculture Law and the support actually paid amounted to approximately 2 trillion lira.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

For now only the opposition press is reporting this

BirGün Official Gazette Türkiye

SPK 131 fonun tasfiye yöntemini açıkladı: Tera fonları İş Bankası’na, diğer altı şirketin fonları Ziraat’e - Serbestiyet — Photo: Serbestiyet

Economy World press 41 sources 19 Sept, 05:05

Capital Markets Board (SPK) assigns İş Bankası and Ziraat Bankası for liquidation of 130 funds

Assets of 130 funds belonging to seven portfolio management companies will be converted to cash, with the process to be completed within three months at most. Treasury and Finance Minister Mehmet Şimşek said, "There is no structural problem in the stock market or the fund market."

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

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Where reports differ

State media According to a statement reported by TRT Haber, Şimşek said the problem was limited to a small number of free funds stemming from credit and liquidity issues, that 131 out of 2,038 funds were affected, and that there was no systemic risk.

Opposition press Artı Gerçek wrote that the funds subject to the liquidation decision belong to approximately 550,000 investors and have a total size calculated at around $17 billion (826 billion lira).

Capital Markets Board (SPK) Mehmet Şimşek İş Bankası Ziraat Bankası Tera Portföy Yönetimi TEFAS

Akın Gürlek açıkladı: Borsa manipülasyonu opaerasyonunda 20 tutuklama — Photo: Oda TV

Economy World press 31 sources 18 Sept, 23:18

Gürlek: 20 arrests in capital markets; 40 arrested in fruit-and-vegetable investigation

Justice Minister Akın Gürlek announced that 20 people had been arrested in manipulative trading investigations and that 51 people had been banned from leaving the country. In Istanbul's fresh fruit and vegetable pricing investigation, all 40 suspects referred to court were arrested.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

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Akın Gürlek Justice Ministry Istanbul Chief Public Prosecutor's Office Capital Markets Board (SPK)

Month	y/y	m/m
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Banking regulator BDDK revokes Bank Mellat's Istanbul branch operating license

News sources 10 sources

Who is in this story

Then and now 1 USD in lira

Banking regulator BDDK revokes Bank Mellat's Istanbul branch operating license

News sources 10 sources

Who is in this story

Related

Union objects to privatization of bridges and highways; Bodrum properties included in scope

BirGün: Harvest season ended in losses for farmers, support payments below inflation

Capital Markets Board (SPK) assigns İş Bankası and Ziraat Bankası for liquidation of 130 funds

Gürlek: 20 arrests in capital markets; 40 arrested in fruit-and-vegetable investigation

Erdoğan opens İstanbul Airport's 4th main runway running east-west

Inspectors begin audit of hazelnut exchanges, growers protest with tractors in Sakarya

Then and now 1 USD in lira