Foreign Investors Feel the Pinch in Turkey

Turkish authorities in recent months have taken steps to reign in what they believe are activities that harm the Turkish economy. Global banks such as Goldman Sachs, Barclays and UBS have been sanctioned by the banking regulator and the Istanbul stock market.

Observers say that the sanctions have come as a reaction to the weakness of the country’s currency and concern by the government that the coronacrisis and a plunge in tourism revenue will exacerbate the troubles of the lira.

Read more in the following article that was posted on finews.ch in German.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: