B2B payment behavior in Turkey has worsened in recent months, as reflected in the latest Credit and Guarantee Payment Practices Barometer, which included more than 200 companies from sectors such as construction, retail, and services, Atalayar.com reported. Eighty-six percent report experiencing delays in collecting payments on invoices. Customer liquidity problems are the main cause of insolvencies in 75% of cases, followed at a considerable distance by bank delays (25%). The operational consequences are significant.
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Uber is set to take over Delivery Hero in a deal valuing the German food delivery company at about €12.5 billion ($14.34 billion), the Financial Times reported on Wednesday, Reuters reported. Delivery Hero confirmed it was in advanced negotiations with Uber regarding a potential takeover offer on Tuesday. Acquiring Delivery Hero, which has a market value of roughly €11.6 billion, would expand the Uber Eats food-delivery network in Europe, the Middle East, Asia and Latin America.
In a significant blow to the regional food production sector, the Bursa 1st Civil Court of Intellectual and Industrial Rights has officially ordered the bankruptcy of the Turkish wafer giant Master Choco Gıda, P.A. Turkey reported. Despite an eight-year run that saw the company become a major player in wafer and chocolate production, a final attempt to restructure its debts via a concordat (debt restructuring) agreement was rejected by the court on March 29, 2026.
Turkey’s central bank held borrowing costs on Thursday and flagged that it could tighten interest rates should inflation rise further as war in the Middle East drives up energy prices, the Wall Street Journal reported. The Central Bank of Turkey held its benchmark one-week repo rate at 37.0%. Investors put slightly more chance of a hike than a hold, according to LSEG data ahead of the decision. In January, the bank cut its key rate for a fifth meeting in a row to 37.0% from 38.0%.
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The Trump administration has reached a tentative deal to drop criminal charges against a Turkish bank over whether it had done business with Iranian entities, saying it deserved leniency because of Turkey’s help in negotiating the release of hostages from the Hamas attack in Israel in October 2023, the New York Times reported. The proposed settlement for the state-run bank, Halkbank, would bring an end to a case in which prosecutors had charged it with illicitly transferring about $20 billion worth of otherwise restricted Iranian funds.
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A draft law currently at the Turkish parliament is expected to generate at least 4.2 billion lira ($95.58 million) tax income from a levy on crypto assets, according to its impact analysis, Reuters reported. The law will generate more tax income from crypto assets but this amount cannot currently be calculated exactly as it will be applied for the first time, the analysis said.
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Turkey's ruling AK Party proposed on Monday adopting a tax on cryptocurrency income and a transaction levy on crypto asset service providers, in a draft law submitted to parliament, Reuters reported. "Platforms must apply a 10% withholding tax on income and gains from crypto‑asset transactions on a quarterly basis," the text of the draft said. Profits from crypto asset transactions conducted outside authorized platforms would be taxed through declaration in annual statements.
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Major Turkish holding company Zorlu began talks with state banks to restructure its debts, according to two people familiar with the private talks, in what could be the largest Turkish corporate loan structuring since the 2018 lira crisis, Reuters reported. Zorlu Holding, which owns valuable real estate as well as loss-making appliance and electronics firm Vestel Elektronik held CEO-level talks with state banks and smaller private lenders last week to begin setting out a restructuring plan, the two sources said.
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Turkey is planning to tighten access to bankruptcy protections after a surge in applications, as authorities seek to curb what they say is misuse of a key debt-restructuring tool, Bloomberg News reported. Draft proposals seen by Bloomberg would overhaul the country’s concordat system, a court-supervised process that allows financially distressed companies to postpone payments and restructure with creditors instead of entering bankruptcy.
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