Reuters, 01/12 16:24 CET
By Asli Kandemir
ISTANBUL (Reuters) – The head
of one of Turkey’s biggest retailers, once consigned by Tayyip Erdogan
to the ranks of “riff-raff”, might be forgiven for having sensed the
hand of the president recently when Istanbul Stock exchange raised alarm
with a terse warning to his company.
Cem Boyner’s department store company joined a list of
companies that have faced legal or regulatory pressure after falling out
with Erdogan or the ruling AK Party he founded. Investors are
increasingly worried that in Turkey, dissent is bad for business.
“At risk are companies that are perceived to be close to
opposition forces, or firms whose bosses’ public remarks may have
antagonised the government,” said Wolfango Piccoli, managing director of
Teneo Intelligence.
Erdogan has raised concern at home and in the European
Union Turkey seeks to join, with his open conflict with media firms and
business heads. The president, still the most popular leader in decades,
says he is fighting domestic and foreign attempts to slur him with
graft accusations and undermine the country.
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Source: Euronews
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