Borrowing will be prohibited for Turkish companies with no currency revenues

Cavid Əzimov
Author

Baku. 2 November. REPORT.AZ/ Companies without foreign currency profits in Turkey will not be able to borrow in foreign currency.

Report informs citing the Bloomberg, Deputy Prime Minister of Turkey Mehmet Şimşek said in response to the questions of the Planning and Budget Commission Members of the Parliament.

Meanwhile, Şimşek said that large foreign companies will be required to apply currency hedging transactions. The deputy prime minister noted that "small businesses that are not engaged in export will be prohibited from borrowing currency and export companies will be allowed to borrow in foreign currency in the amount of the last 3 years average export volume”.

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