AI-generated summary
The rains recorded as the heaviest rain in 84 years in Istanbul on 14-15 October caused floods and caused damage among tradesmen.
Minister of Commerce Ömer Bolat, drawing attention to the rains in Istanbul, said, "80 million lira cash support will be provided to meet the urgent needs of our tradesmen affected by the flood." he said.
Dogukan Gurel
Minister Bolat made a statement on the issue on his NSosyal account.
Stating that they stand by the tradesmen affected by the rains, Bolat said:
"80 million lira cash support will be provided to meet the urgent needs of our tradesmen who were affected by the flood caused by the rain that occurred in Istanbul on 14-15 October, which was recorded as the heaviest rain in 84 years. The support, which will be sent to the Istanbul Governorship on Monday, October 19, through TESKOMB, will be delivered to our tradesmen who were affected by the flood, under the coordination of our Governorship. We wish all our citizens to get well soon."
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AI outlook — possibilities, not facts
The support will be sent to the Istanbul Governorship on Monday, October 19th.
Very likely · Within days
Under the coordination of the Governorship, support will be provided to tradesmen affected by the flood.
Very likely · Within days
In the statement made by the Directorate of Communications, it was stated that the Sixth Fund Board Meeting was held under the chairmanship of the Vice President and the Bill was accepted by the GNAT Planning and Budget Commission for the fair and transparent conduct of the liquidation process of investment funds decided to be liquidated by the Capital Markets Board. In addition, Ziraat Bank completed the liquidation of cash and shares worth approximately 40.8 billion TL to more than 45 thousand people in 66 funds, and the number of funds decreased from 131 to 65.
The Sixth Fund Board Meeting, chaired by Vice President Cevdet Yılmaz, evaluated the bill for the fair and transparent conduct of the liquidation process in the capital markets and a new draft regulation that envisages comprehensive changes in the Capital Markets Law. The liquidation processes of 66 funds managed by A1, Bulls and Pardus Portfolio Management Companies were completed by Ziraat Bank and the number of funds decreased from 131 to 65.

The Sixth Fund Board Meeting was held with the participation of the Ministry of Justice and the Ministry of Treasury and Finance. The bill for the fair and transparent conduct of the fund liquidation process was accepted by the GNAT Planning and Budget Commission. Approximately 40.8 billion TL cash and in-kind liquidation payments were made by Ziraat Bank to more than 45 thousand investors. The number of funds was reduced from 131 to 65 and liquidation procedures were initiated for target portfolio funds. The proposal envisages an interim payment for those investing less than 1 million TL, and the assets obtained during the fund investigation can be used to cover losses. The liquidation process will be completed within 5-6 months and most of the 455 thousand 758 investors will complete the payment in October.

The Fund Board, convened under the chairmanship of the Vice President, discussed the Turkish Grand National Assembly process of the bill regarding investment fund liquidations and the preparations for the new regulation in the CMB legislation. Payments of 40.8 billion TL were completed in 66 funds.

The Sixth Fund Board, convened under the chairmanship of Vice President Cevdet Yılmaz, discussed the liquidation processes in investment funds and new legal regulations for capital markets. It was announced that 40.8 billion TL was paid to more than 45 thousand people.

At the Sixth Fund Board Meeting held under the chairmanship of the Vice President, it was announced that the bill on the liquidation of investment funds was accepted by the Grand National Assembly of Turkey Commission and the payment of 40.8 billion TL was completed.