Turkiye: Turkish Hard Coal Company secures funding from the government (2016)

Announcement

31 Dec 2016

The Turkish Ministry of Treasury and Finance announced transferring TRY 938.6 million (USD 266.2 million) in funding to the Turkish Hard Coal Company in the year 2016.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

31 Dec 2016

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

In 2016, the Turkish government granted financial aid to the Turkish Hard Coal Company (THCC) following financial losses incurred in the same year. The total value of the financial injection was TRY 9...

Related State Acts

31 Dec 2017

Turkiye: Turkish Hard Coal Company secures funding from the government (2017)

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