Strategic financing pack reaches 11,500 firms
A financing package in Turkey for strategic sectors has reached 11,500 companies so far, Turkish state lenders announced in a joint press release on Aug 5.
Three banks -- Ziraat, Vakıf, Halk -- also issued 1.7 billion Turkish liras ($306.1 million) of loans for the companies, the statement read.
Turkey announced last May a 30-billion Turkish lira (some $5.4 billion) financing package, dubbed "İVME", for sectors with export potential but afflicted by the foreign trade deficit and high import dependency.
Finance and Treasury Minister Berat Albayrak said on Twitter that the package proceeded successfully towards its target of quality and sustainable growth.