Outstanding issues concerning the shortening of notice periods in the
context of the unemployment with company allowance system and the
reimbursement of the activation indemnity have finally been resolved
Mixed signals are recently coming from the Turkish Banking
sector. The industry, on the one hand, has recently seen an
unprecedented levels of volume which is estimated to be USD$ 855 billion
to dwarf the economic might of 22 of the 28 EU member states and on the
other hand has been witnessing a reduction in the credit volume that
went down to 1.130 trillion Turkish liras as of the July 2014. It is not
easy to comprehend the meaning of such conflicting signals emanating
from the Turkish banking industry. In order to make sense of the current shape that the Turkish banking industry takes, it is better to see the bigger picture in Turkey which has been leading the Turkish authorities to regulate the industry in increasing frequency.
of something out of nothing, based on nothing, guaranteed by no one, persuading
people that this something is worth anything - we wonder how much longer it
will last and how many people will be worse off because of it.