Türkiye Passes Fund Crisis Law With TL1 Million Payment Cap
Investors in unfinished September fund liquidations may receive advances from available assets as regulators pursue missing money
Nicholas Cappello
Economy
Reporting on the Turkish economy: monetary policy, inflation, trade corridors and the companies shaping the region's commercial map.
140 articles in this section
Türkiye Removes Market Regulator Chief as MSCI Freezes Index Changes
Tera enters trusteeship as Şimşek warns final repayments from the remaining 65 investment funds will take time
Bosphorus News
MSCI Freezes Türkiye Index Changes, Warns of 2027 Downgrade
Regulators face demands for clearer ownership data and tighter trading oversight as Ankara prepares new capital-market legislation
Bosphorus News
EU, Türkiye Announce Removal of TAREKS Import Barrier
Customs recognition and machinery rules advance in Brussels, but disputes over leather exports and textile imports remain unresolved
European Commission
US Sanctions Istanbul Auto Parts Supplier Troy Trading Over Iran Shipments
Treasury says Troy shipped truck parts to Bahman Diesel, whose vehicles have been used by Iran's armed forces and IRGC drone and missile units
Bosphorus News
Türkiye Emerges as Faster-Growing Farm Import Market in NDSU Trade Data
Türkiye’s agricultural imports rose more than 20 percent in early 2025, while US farm exports to the country later posted a $203 million year-on-year gain
Bosphorus News
Fund Crisis: Who Watches the Watchdogs?
Türkiye’s fund crisis raises a larger institutional question: how much distance remains between regulators and those they oversee
Bosphorus News
Pegasus Completes Smartwings Acquisition, Combined Fleet Tops 175 Aircraft
Czech Airlines and Smartwings join Pegasus after regulatory approvals, with 140 firm aircraft orders already secured across the two groups
Pegasus Airlines
Türkiye-Ukraine Free Trade Deal Takes Effect, Tariff Cuts Start January 1
The agreement entered into force on October 1, but customs-duty reductions on goods will not begin until January 2027
Bosphorus News
Türkiye Gets 38 of 40 FATF Compliance Ratings, Stays in Enhanced Follow-Up
FATF credits stronger financial intelligence and cooperation but flags gaps in sanctions, ownership checks, asset recovery and complex laundering cases
Bosphorus News
Türkiye Freezes Assets of 46 Legal Entities, 18 Funds as Probe Widens
Prosecutors are tracing withdrawals made before the September freeze as a reported repayment plan targets investors with less than TL1 million
Bosphorus News
World Bank Approves $750M for Türkiye Agrifood Transformation
The TARGET project pairs long-term financing with credit guarantees and aims to mobilize $670 million in private capital
Bosphorus News