Turkey and Deutsche Bank AG are in the final stages of talks for a pioneering EUR 1bn (USD 1.1bn) loan to finance liquefied natural gas purchases that will reduce the country’s reliance on Russian imports, according to Bloomberg News. Boru Hatlari ile Petrol Tasima AS, the state-owned pipeline operator known as Botas, will use the money to...
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Turkey nears landmark LNG loan in shift from russian natural gas
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We’re pushing our luck with the policy rate!
BY ALATTIN AKTAS It’s necessary to draw this analogy once again: “Savings are like cats; they don’t do well when they’re cornered, they attack if they can’t run.” The Treasury and Finance Minister Nureddin Nebati almost proudly said they made the policy rate insignificant. However, in reality, other interest rates – the deposit interest rate,...