Ebru Tuncay

Turkey

Reporter at Reuters

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Articles

Carmaker Tofas gets Turkish antitrust authority nod for takeover of Stellantis Otomotiv

6 days 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

3 weeks ago | msn.com | Ebru Tuncay |Ceyda Caglayan

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

3 weeks ago | 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.
Turkey mulls unifying telecom fibre infrastructure in one entity, official says

Nov 11, 2024 | telecom.economictimes.indiatimes.com | Huseyin Hayatsever |Ebru Tuncay

By Huseyin Hayatsever and Ebru Tuncay ANKARA: Turkey is considering adopting a unified fibre optic telecoms entity to expand its network, signalling it could create a separate manager for the expensive infrastructure investments, a senior official told Reuters. The study is at an early stage and all options remain on the table, said the Turkish official, who has direct knowledge of government telecoms policy but requested anonymity.
Turkey mulls unifying telecom fibre infrastructure in one entity, official says

Nov 11, 2024 | reuters.com | Huseyin Hayatsever |Ebru Tuncay

SummaryCompaniesOfficial signals possible separate investments managerPotential boost for small telcos, challenge for Turk TelEffort to boost broadband usage, speed countrywideANKARA, Nov 11 (Reuters) - Turkey is considering adopting a unified fibre optic telecoms entity to expand its network, signalling it could create a separate manager for the expensive infrastructure investments, a senior official told Reuters.
Turkish banks request 'inflation accounting' to lower their tax bill in 2025

Nov 4, 2024 | reuters.com | Ebru Tuncay |Birsen Altayli

Item 2 of 2 A drone view shows business and financial district of Levent, which comprises banks' headquarters and popular shopping malls, in Istanbul, Turkey, July 22, 2024. REUTERS/Murad Sezer/File Photo[2/2]A drone view shows business and financial district of Levent, which comprises banks' headquarters and popular shopping malls, in Istanbul, Turkey, July 22, 2024.
Turkey to return state banks' capitalisation measure to former level

Oct 27, 2024 | reuters.com | Ebru Tuncay |Nevzat Devranoglu

ISTANBUL, Oct 28 (Reuters) - Turkey is reducing the limit on state banks' usage of special government bonds issued for capital increases to former levels, in the latest step to reverse unorthodox economic policies used before 2023 elections. Under the draft 2025 budget recently submitted to parliament, the limit for issuing special issue government domestic debt securities on loan is being reduced from 3% of budget appropriations to the former rate of 1%.
Turkey hasn't done enough to slay inflation, MIT's Acemoglu says

Oct 14, 2024 | reuters.com | Ebru Tuncay |Birsen Altayli |Nevzat Devranoglu

FILE PHOTO: People shop at Grand Bazaar in Istanbul, Turkey, November 4, 2022. REUTERS/Dilara Senkaya/File Photo Purchase Licensing Rights, opens new tabISTANBUL, Feb 28 (Reuters) - (This story is from February 28th, and has repeated with no changes to text)Turkey has not tightened monetary policy enough to achieve its disinflation goal because real interest rates remain negative despite last year's dramatic policy U-turn, MIT economist Daron Acemoglu said in an interview.