Economic crisis deepens: 12 companies file for concordat in a single day

Structural problems in the Turkish economy, high inflation, rising exchange rates, sharp increases in production costs, and a heavy tax burden are putting pressure on the real sector. As consumer demand declines, payment chains are breaking in many sectors, and concordat filings have reached record levels.

12 COMPANIES FILED FOR CONCORDAT IN THE LAST 24 HOURS

In just one day, exactly 12 companies filed for concordat by applying to the court. The companies in question requested legal protection in order to pay their debts and continue their operations.

The companies that filed for concordat are as follows:

Ytt Otomotiv

Hüma Hastanesi

Nazlı Ecza Deposu

Agro Tiger Tarım

Genart Tekstil

Uzn Auto Yapı

Emir Çift Cam

2K İplik Sanayi

Veysi Dalmış Tarım

Tefa Dış Ticaret

Arslanlar Kauçuk

DNZ Yedek Parça

HUNDREDS OF COMPANIES GRANTED GRACE PERIODS

It is not just these 12 companies; hundreds of companies across the country have applied to courts to file for concordat. These companies have been granted a temporary grace period. During this period, creditors are prohibited from initiating enforcement proceedings, and the companies will attempt to survive by restructuring their debts.

News Source: 12punto