Turkey’s Capital Markets Board has asked to be informed of future issues, Cengiz Onder, head of investor relations at Bank Asya, said in a phone interview today from Istanbul. An official at the board, asking not to be named under government policy, said it’s seeking further documentation from Bank Asya before sales can resume, without giving further comment.
A news article in Daily Sabah, the new, English-language member of the government’s media lineup, claimed on Monday that the police are ratcheting up measures to patch holes in their security network in order to prevent leaks by Gülenists, a derogatory term used to describe the Hizmet movement.
The Turkish Confederation of Businessmen and Industrialists (TUSKON) plays a critical role in cementing investment and trade ties between Turkey and Russia and is a key partner for its Russian counterparts, the head of a top Moscow-based business group said on Wednesday.
BURSA African businessmen and ambassadors stress that they have developed trade relations with Turkey thanks to Turkish schools acting as bridges in their countries, although the ruling Justice and Development (AK Party) government is planning to shut down Turkish schools abroad that are affiliated with the movement of Islamic Turkish scholar Fethullah Gülen. Speaking […]
Though the ruling Justice and Development (AK Party) government is planning to shut down Turkish schools abroad that are affiliated with the Gülen movement, the head of the Turkish Confederation of Businessmen and Industrialists (TUSKON) has said that the demand overseas for such Turkish schools is making them impossible to close.
Calls that have been made over a period of several months by top government officials, including Prime Minister Recep Tayyip Erdoğan, to boycott schools and institutions run by the Hizmet movement will undermine confidence in Turkish markets, a recent report has said.
The Islamic bank has been in the spotlight since Turkish media reported that state-owned companies and institutional depositors loyal to Prime Minister Recep Tayyip Erdoğan had withdrawn TL 4 billion ($1.8 billion), or some 20 percent of the bank’s total deposits, because the bank’s founders include sympathizers of cleric Fethullah Gülen, a former-ally-turned-critic of Erdoğan.
Since the Dec. 17 corruption and bribery probe, Prime Minister Erdoğan has threatened to order an “operation” against certain civil society organizations and business groups that have voiced demands for the prime minister and his government to be held accountable in the face of alleged irregularities.
In a recently leaked voice recording, which was not denied by those involved in it, Erdoğan’s son, Bilal, tells his father that an operation should be launched against the Hizmet movement. All these incidents indicate that the ruling party has used and will use laws in accordance with Erdoğan’s plans. Thus, a group cannot be destroyed solely with mass killings. It can be destroyed also with unfair and unlawful practices by passing specific laws, as we saw in many cases in the past.