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...The fund also retains full ownership of energy group Botaş, widely seen as one of Turkey’s crown jewel assets, national postal company PTT and a large port near the western city of Izmir....
...In July 2022, GTS Investments BV agreed to sell a 40 per cent stake in GTS to a Dubai-based company ultimately controlled by Troost, a 30-year veteran of the oil trading industry....
...Pimco has been wading into Turkey’s bond market, betting that President Recep Tayyip Erdoğan’s commitment to a sweeping economic overhaul has set the country on a path to regaining its investment grade credit...
...One of the people familiar with Tesla’s plans said the company was considering beginning with a $2bn-$3bn investment in the Indian car plant....
...Higher exports and investment would be key to sustaining growth, Şimşek said, adding that Turkey would need to become less reliant on consumer spending, which was stoking inflation....
...But these can be circumvented by companies using middlemen structures to disguise their ultimate destinations....
...The UK and the EU placed sanctions on UMMC executives last year but not the company itself....
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...Companies have raised about $320mn on the Turkish equities market in the first two months of 2024, compared with around $811mn in the final two months of 2023, Dealogic data shows....
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...Pimco, one of the world’s biggest bond managers, told the Financial Times last month it had started buying lira-denominated debt and that Turkey could even regain its investment-grade credit ratings in the...
...Inflation expectations, wage and tax policy and companies’ price-setting activities will all factor into whether the central bank must raise rates further, he said....
...— which allow users to route online traffic through an encrypted virtual tunnel — are widely used in Turkey and many other countries to circumvent censorship and make it more difficult for governments, companies...
Western allies view Stockholm as a vital bulwark against Russian aggression in Europe
...Ben Morgan, head of investments and transformation at CBA, says he had been tasked with entering markets such as telecoms and energy a few years ago, as the bank considered ways to guard against the rise...
...The FTSE 100 company is in the middle of a sweeping restructuring under chief executive Tufan Erginbilgiç who took the helm at the start of this year....
...The company, which declined to comment, is not involved in the EVE discussions in the UK....
...The Treasury has previously implemented sanctions against a Turkish real estate investment company it alleged was controlled by Hamas....
...The trickle of new investments is the latest sign of how the broad economic policy overhaul that began after President Recep Tayyip Erdoğan’s re-election in May has piqued investor interest in Turkish assets...
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...A capital markets banker said the remarks had hit sentiment at a time when Turkey is hoping to lure back much needed investment from the US and Europe....
...But the US’s main focus is on industrial companies in Russia, many of which are civilian companies that have switched to producing defence equipment under Putin’s drive to put the economy on a war footing...
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