Türkiye and Armenia are resuming formal trade relations following a 33-year hiatus, announced the Turkish foreign ministry on Wednesday, 13 May. Goods shipped from Türkiye were previously not permitted to… read more →
Egypt and Belarus have signed a strategic cooperation protocol aimed at boosting bilateral trade, food security, and forming fully integrated industrial cooperation. The agreement positions Egypt as a gateway for… read more →
Clothes “What you don’t know is that that sweater is not just blue, it’s not turquoise, it’s not lapis, it’s actually cerulean.” Miranda Priestly’s impassioned speech on the complexity of… read more →
Turkish bank Yapı Kredi carried out Türkiye’s first digital letter of credit transaction, using Sweden-based fintech Enigio’s digital envelope solution. Turkish oil refining company Tüpraş was the applicant, receiving a… read more →
Since the capture of Constantinople in 1453, trade has been a dominant aspect of the Ottoman Empire. From the spice trade along the Silk Road to field crops and fruits,… read more →
Sullivan & Worcester has advised the European Bank for Reconstruction and Development (EBRD) on two supply chain finance (SCF) initiatives in Türkiye and Romania, to provide financial support for regional economic recovery.
Fitch Ratings has upgraded Turkiye’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’, citing improved external buffers and reduced contingent foreign exchange (FX) liabilities. The outlook is stable.
The Standard Chartered loan will be guaranteed by UK Export Finance and Poland’s export credit agency KUKE and supports a solar project in Turkey.
MUFG has structured a €1.2 billion financing package to enable institutional capital investors and syndicate lenders to collaboratively contribute a €1.247 billion financing package. This funding will facilitate Turkey’s construction of a new high-speed electric railway in the Ankara region, thus opening up valuable export opportunities for the UK and other nations.
The UK announced on Tuesday its plan to engage in discussions with Turkey to update their existing bilateral free trade agreement. The goal is to expand the scope of the… read more →