Turkey News
Turkey's Insurance Association: No Issues in BES
Turkey's Insurance Association states there are no systemic or liquidity issues in the Individual Pension System (BES), closely monitoring market fluctuations. This follows increased withdrawal requests amid recent liquidation decisions.
34 Detained in Fifth Wave of Fund Investigation
A fifth wave operation in a fund investigation has led to 34 detentions, as announced by Justice Minister Akın Gürlek. The investigation now includes scrutiny of 26 stocks linked to manipulative activities.
Supreme Court Requires Advance Payment for Annual Leave
Turkey's Supreme Court has mandated that employers must pay annual leave wages to employees in advance. Failure to do so can justify termination and entitlement to severance pay for workers.
