Ebru Tuncay

Turkey

Reporter at Reuters

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Articles

Turkcell seeks extension of licences to 2045, media says

1 week ago | zawya.com | Ebru Tuncay

ISTANBUL - Turkish mobile phone operator Turkcell has requested that its current licences be extended until 2045 and expects a 5G tender to be held this year, its Chief Executive Ali Taha Koc was reported on Tuesday as telling journalists. Koc was also cited as saying by the ekonomim.com news website that if Turkey's current fibre infrastructure were sold off, the estimated valuation was $2.5 billion.
Turkey's high real rates help inflation fight but hurt growth, business group says

2 weeks ago | zawya.com | Ebru Tuncay |Ceyda Caglayan

ISTANBUL: Turkey's high real rates contribute to the fight against inflation even as they harm economic growth, Omer Aras, executive at the business group TUSIAD which this year clashed with President Tayyip Erdogan, said on Thursday. In February, Erdogan had a public feud with TUSIAD over remarks by Aras and the group's President Orhan Turhan criticising a legal crackdown on the political opposition. Authorities launched a probe into both executives and barred them from international travel.
Turkey's Ziraat Bank secures $1.75bln syndicated loan

2 months ago | zawya.com | Ebru Tuncay

ISTANBUL - Turkey's Ziraat Bank said on Thursday it had secured a sustainability-themed syndicated loan totalling $1.75 billion, in two tranches of $850 million and 789 million euros. It said this year's syndicated loan offered a cost advantage despite geographical diversity and changing conditions and there was a 90 basis-point decrease in syndicated loan interest rates compared to the same period last year.
Turkey's Simsek says disinflation to continue, FX pass-through limited

2 months ago | marketscreener.com | Ebru Tuncay

SAPANCA, Turkey (Reuters) - Turkish Finance Minister Mehmet Simsek said on Friday that disinflation would continue despite some recent deterioration in expectations, adding that the government still sees inflation ending the year within its target range. His remarks come a day after the central bank delivered a surprise 350 basis-point rate hike to 46%, reversing a short-lived easing cycle and signalling renewed commitment to tackling inflation.
Carmaker Tofas gets Turkish antitrust authority nod for takeover of Stellantis Otomotiv

2 months ago | today.westlaw.com | Alison Williams |Ezgi Erkoyun |Ebru Tuncay

ISTANBUL (Reuters) - Turkey's competition board said on Friday that it approved carmaker Tofas' takeover of Stellantis NV's local distribution business on condition of an investment plan and additional commitments submitted by the parties.
Turkish companies 'paying the bill' as political crisis roils economy

2 months ago | srnnews.com | Ebru Tuncay |Ceyda Caglayan

Turkish companies ‘paying the bill’ as political crisis roils economy By Ebru Tuncay and Ceyda CaglayanISTANBUL (Reuters) -Turmoil unleashed by the arrest of Turkey’s leading opposition figure earlier this month has sent shockwaves through the private sector, forcing companies to rethink strategy and dig in for a period of uncertainty and potential economic instability.
Turkish companies 'paying the bill' as political crisis roils economy

Mar 28, 2025 | msn.com | Ebru Tuncay |Ceyda Caglayan

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Turkish companies 'paying the bill' as political crisis roils economy

Mar 28, 2025 | yahoo.com | Ebru Tuncay |Ceyda Caglayan

By Ebru Tuncay and Ceyda CaglayanISTANBUL (Reuters) - Turmoil unleashed by the arrest of Turkey's leading opposition figure last week has sent shockwaves through the private sector, forcing companies to rethink strategy and dig in for a period of uncertainty and potential economic instability.
Turkey's Getir and Abu Dhabi fund Mubadala still at odds over restructuring

Jan 19, 2025 | zawya.com | Pesha Magid |Ebru Tuncay

RIYADH: Turkish grocery delivery company Getir and its biggest shareholder, Abu Dhabi state investment fund Mubadala, remained at odds on Sunday over a restructuring plan which Mubadala says is vital to ensure Getir's future. Mubadala said in a statement Getir's shareholders had voted to approve the restructuring, but one of Getir's co-founders told Reuters he would continue to pursue legal action against Mubadala after a vote which he had called an "illegal coup".
M&A deals in Turkey estimated to be $10.1bln in 2024, KPMG Turkey says

Jan 17, 2025 | zawya.com | Ebru Tuncay

ANKARA - The value of disclosed mergers and acquisitions in Turkey was some $5.3 billion in 2024, with the total rising to around an estimated $10.1 billion including those undisclosed, M&A advisory partner KPMG Turkey said on Thursday. Turkey's recent economic policies positively impacted on M&A activities with an increase in transaction volume throughout 2024, KPMG Turkey said, adding that it predicts the positive momentum will be maintained in 2025.