Ali Güney

Turk Eximbank is making significant strides in interest-free banking to better support exporters, with General Manager Ali Güney announcing plans to diversify the bank's financing and insurance products in line with interest-free banking principles.

"Our goal is to increase the share of interest-free banking products in Eximbank's support to 10% in the first phase," Güney stated.

Turkey's Foreign Ministry has begun appointing new envoys to missions abroad, with the ministry's spokesperson, Hami Aksoy, being be assigned as Ankara's ambassador to Belgrade.

Foreign Minister Mevlüt Çavuşoğlu had a phone conversation with some ambassadors to notify them on their new positions and extended his best wishes, state-run Anadolu Agency reported on Dec. 8.

Türk Eximbank, Turkey's major export incentive instrument, on March 24 introduced a support package for exporters to mitigate the impact of the coronavirus pandemic.

The move aims for exporters to continue production and maintain employment as they see orders falling or being canceled due to virus fears.