Hakan Ateş

European bank backs women-led businesses in Turkey

The European Bank for Reconstruction and Development (EBRD) has provided a $100 million fund for Denizbank to support companies' investments in green technologies and women-led businesses in Turkey amid the COVID-19 pandemic.

The loan with a long-term maturity of up to seven years will help to build the resilience of the Turkish economy, the EBRD said in a statement on Feb. 19.

Int'l departure fee should be increased sharply to boost local tourism, suggests Turkish bank head

Deniz Bank CEO Hakan Ateş has raised eyebrows by suggesting that the international departure fee for Turks leaving the country should be increased from $5 to around $100 in order to boost local tourism, state-run Anadolu Agency reported.