Economy 23 sources 18 Sept, 23:18

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

The Trade Ministry assigned inspectors to examine transactions at the Ordu, Giresun, Ünye and Fatsa commodity exchanges. In Kocaali, Sakarya, growers formed a convoy of about 130 tractors to protest the Soil Products Office (TMO)'s purchase prices of 255 lira for Giresun quality and 250 lira for Levant quality.

Fiyatlara isyan ettiler: Fındık üreticileri traktörlerle yollara döküldü — Photo: Halk TV

News sources 23 sources

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

Where reports differ

Pro-government press Highlights the Trade Ministry's inspection launched at exchanges in Ordu and Giresun and its aim of protecting producer rights.

Opposition press Highlights the purchase prices announced by TMO and the producer protest with about 130 tractors in Kocaali, Sakarya, along with union support.

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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

+10

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

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

News sources 23 sources

Who is in this story

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