Erdoğan vows finance management with international reputation

President Recep Tayyip Erdoğan has vowed to fight inflation and to establish a finance management team with global reputation.

"Eliminating the problems caused by the rise of prices and compensate for welfare losses are the most urgent issues in the days ahead," Erdoğan said in a speech he delivered in Ankara after winning the second round of the presidential election.

IFC investment to boost Turkish farmers access to finance

A new targeted investment will help address the critical financing needs of Türkiye's micro, small, and medium enterprises in the agricultural sector, the International Finance Corporation (IFC) has said.

It will help in preserving jobs and aiding economic recovery, with a particular focus on earthquake-impacted areas, the IFC, a member of the World Bank Group, said in a statement.

ALD Automotive-LeasePlan merger could affect Greek leasing market

The completion of the takeover of Dutch multinational LeasePlan by the French ALD Automotive for 4.9 billion euros leads to the merger of the two leasing and fleet management companies operating in Greece, with the position of managing director in the new structure (ALD Automotive-LeasePlan) being occupied by the previous CEO of LeasePlan, Costas Petroutsos.

Costs hamper construction

The cost of new housing construction has recorded an increase of 65-70% from mid-2021 to date due to the successive crises - first the disruption in the supply chain caused by the pandemic and then the war in Ukraine.