(The Asset, 22 April 2020) European Union rules on state aid to private sector companies, including short term export credits, have been suspended until December as national governments step up financial packages to rescue their corporations. A recent report notes that the Covid-19 crisis has...
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2019/02/27
Country: France, Japan, Turkey
ECAs: COFACE, Nippon Export and Investment Insurance
Issue: Nuclear
(Daily Sabah, Istanbul, 25 February 2019) Turkey's second nuclear power plant to be built in Sinop under a Japanese-French partnership, will make a breakthrough by obtaining a ground license this year. The plant, which will have an installed capacity of 4,480 megawatts (MW) and consist of four...
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2019/02/27
Country: Australia, Iraq, Turkey, United Kingdom, USA
ECAs: UK Export Finance (UKEF)
(Daily Sabah, Istanbul, 4 February 2019) Turkey, the top contributor for Iraq's reconstruction with a $5 billion loan, has launched a coordination process to allocate the funds pledged for rebuilding Iraq. During the Kuwait International Conference for the Reconstruction of Iraq, the host...
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2018/08/29
Country: Netherlands, Turkey
(OECD Watch, Amsterdam, 20 August 2018) NCP finds company failed to do due diligence and breached the Guidelines at Turkey's Ilisu mega-dam. On 20 August 2018, the Dutch NCP released its...
more Dodgy Deal: Ilisu Dam
Issue: Human Rights, Large Dams, OECD, Transparency
2018/08/28
Country: Germany, Turkey, USA
Issue: Arms Trade, Corruption, Human Rights
(ECA Watch, Ottawa, 28 August 2018) When President Trump...
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2018/04/30
Country: Germany, Turkey
ECAs: Euler Hermes Deutschland AG
Issue: Human Rights
(Financial Times, London, 28 April 2018) President Recep Tayyip Erdogan has brought forward by a year and a half elections he intends will crown his quest for one-man rule in Turkey. One reason for the snap early election is that Turkey’s overheating economy is vulnerable. The president needs...
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2018/03/31
Country: Germany, Turkey
ECAs: Euler Hermes Deutschland AG
Issue: Arms Trade, Human Rights
(Handelsblatt, Berlin, 7 March 201) Turkey and Germany recently agreed to try to “normalize” their fraught relationship. Turkey had adopted hostage-taking as an instrument of foreign policy, with Germany being a target. Germany’s response was to reconsider economic aid and export credit...
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2018/01/31
Country: France, Italy, Turkey
ECAs: COFACE
Issue: Arms Trade
(Daily Sabah, Istanbul, 5 January 201) President Erdoğan's first visit abroad in 2018 was marked by a groundbreaking defense agreement that includes the joint development of missile systems by Turkish, French and Italian firms, among other commercial and economic deals. The Export Credit Bank...
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2017/12/31
Country: Russia, Turkey
Issue: Arms Trade
(Prensa Latina, Moscow, 28 December 2017) Turkey will acquire, for 2.5 billion dollars, four divisions of the modern Russian S-400 surface-to-air missile divisions, which will be delivered in 2020. The finance ministries of Turkey and Russia have concluded negotiations for the granting of an...
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2017/09/30
Country: Germany, Turkey
ECAs: Euler Hermes Deutschland AG
Issue: Human Rights
(Sputnik, Berlin, 3 September 2017) German Chancellor Angela Merkel said Sunday that Berlin cannot stop the talks on Turkey's accession, but it would impose economic punitive measures in response to arrests of German citizens... She added that Berlin could put pressure on Ankara in terms of its...
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2017/08/30
Country: Germany, Turkey
ECAs: Euler Hermes Deutschland AG
Issue: Human Rights
(Spiegel, Ankara, 1 August 2017) As Germany and Turkey struggle with the increasingly strained state of their relationship, Turkish Deputy Prime Minister Mehmet Simsek stresses the two countries' longstanding friendship in an interview with DER SPIEGEL. He also says it is Ankara's duty to rid...
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2017/07/30
Country: Germany, Turkey
ECAs: Euler Hermes Deutschland AG
Issue: European Union, Human Rights
(The Telegraph, Berlin, 21 July 2017) Germany announced a series of hardline measures against Turkey on Thursday amid rapidly deteriorating relations between the two Nato partners. Sigmar Gabriel, the German foreign minister, accused the Turkish government of the “arbitrary” arrest of German...
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2014/04/30
Country: Canada, Italy, Japan, Spain, Turkey, USA
ECAs: Compañía Española de Seguros de Crédito a la Exportación, Export Development Canada, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining
(Bloomberg, Istanbul, 22 April 2014) Azerbaijan’s state oil company, Socar, is in the final stages of negotiations for a $3.5 billion loan to help build a refinery in Turkey, said Kenan Yavuz, chief executive for the company’s Turkish unit... Most of the $3.5 billion package, arranged by the...
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