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Brief information on Turkey
| Short-term | There are no formal restrictions on cover. |
|---|---|
| Medium/long-term | There are no formal restrictions on cover. |
| Collateral | For short-term transactions and transactions with longer credit
periods but contract values not exceeding EUR 5 million with
public buyers a guarantee of a Turkish commercial bank has to
be provided prior to the commencement of risk. For transactions with longer credit periods and contract values exceeding EUR 5 million a guarantee from the Minister of State and Deputy Prime Minister, represented by the Undersecretariat of Treasury and Foreign Trade, or its binding countersignature of the loan agreement is required prior to the commencement of risk. For transactions with private buyers: rigorous assessment of buyer’s/borrower’s creditworthiness on the basis of up-to-date information material, in case of doubt bank security has to be provided. |
| Country risk category | 4 |
No responsibility is taken for the correctness of the information provided
More detailed information on the cover policy can be found in all
articles of the AGA-Report
on Turkey (German version only) and country information
on commercial practices, business climate, market analyses, law,
import procedures, customs duties can be found on the 
website
of Germany Trade & Invest (gtai).
The senior country advisers for Turkey will be pleased to answer your questions
- on single transaction cover: Ms Julia Schultz-Berndt, phone: +49 (0) 40 / 88 34 - 93 05
- on revolving and wholeturnover cover: Mr Detlev Wriede, phone: +49 (0) 40 / 88 34 - 90 25
- on economic analyses: Ms Alexandra Haas, phone: +49 (0) 40 / 88 34 - 95 53