Word: halkbank
(lookup in dictionary)
(lookup stats)
Dates: during 2008-2008
Sort By: most recent first
(reverse)
...Privatization has ground to a halt. One of the three big remaining state-owned banks, Halkbank, was supposed to be next on the block, but the government dithered over how to sell it, and now, because of the worldwide financial turmoil, it can't - at least, not for a good price. A September tender for a new nuclear power plant - Turkey's first - was ill-prepared, and turned into a fiasco when all the bidders except for one Russian-led consortium dropped out. A three-year agreement with the IMF under which it would provide Turkey loans of as much...
...political turmoil but says he is "optimistic that this crisis will be overcome and a solution found." The Turkish government has vowed to press ahead with privatization plans, including a 15% treasury-owned stake in Turk Telekom, the Turkish telephone operator, as well as regional electricity-distribution grids and Halkbank, Turkey's second largest state-owned bank...
| 1 |