Skip to content
Subscriber Only

Turkey Plans New Law to Ease Loan Access for Top Employers

  • Customs, Trade Minister Tufenkci tells Bloomberg about new law
  • Planned legislation will ease SMEs’ access to bank loans
Bulent Tufenkci, Turkey's minister of Customs and Trade.

Bulent Tufenkci, Turkey's minister of Customs and Trade.

Source: Customs and Trade Ministry of Turkey
Updated on

Turkey’s government is working on a new law that will ease access to credit for small-to-medium sized companies, the nation’s top provider of jobs and source of exports.

The legislation, which will be brought before parliament for a vote in July, will allow firms to use everything they own, from machinery to intellectual property rights, as collateral for bank loans, Customs and Trade Minister Bulent Tufenkci told Bloomberg in an interview Thursday in Ankara.