Turkish kitchenware maker Hisar has “left” its plant in Istanbul’s Esenyurt district with government-run Ziraat Bank in exchange for a loan debt, Ismail Erdogan, chairman of the company, told local business daily Dunya on March 7.
Ziraat is currently collecting bids for the plant at a minimum start-price of Turkish lira (TRY) 94mn ($12mn).
The company plans to launch a new plant in Cerkezkoy in Tekirday province, which neighbours Istanbul. The machinery in the Esenyurt plant is to be transferred to the new plant by end-July, according to Erdogan.
Uzbekistan's central bank on April 25 kept its benchmark interest rate on hold at 14%, pointing to risks that inflation could once more accelerate. Planned hikes of state-regulated prices for ... more
The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more