E-com­merce and Turkey.

Kathimerini English - - Focus -

spread their wings abroad af­ter the coun­try’s debt cri­sis forced them to re­treat. Eurobank, which has op­er­a­tions in Ro­ma­nia, Bul­garia, Ser­bia and Cyprus, needs to shrink its non-Greek as­sets to 8.7 bil­lion euros next year from about 11.2 bil­lion cur­rently, based on com­mit­ments agreed with Euro­pean com­pe­ti­tion au­thor­i­ties. The bank said the po­ten­tial sale will in­clude Ro­ma­nian units Banc­post, ERB Re­tail Ser­vices IFN and ERB Leas­ing IFN. “The de­tails as re­gards the ne­go­ti­a­tions will be pub­lished af­ter fi­nal­iz­ing nec­es­sary steps and ob­tain­ing rel­e­vant ap­provals. Fi­nal­iza­tion of the ne­go­ti­a­tions is ex­pected at the end of October,” Eurobank said.

Global ecom­merce com­pa­nies will be li­able for taxes on goods sold di­rectly to Turk­ish cus­tomers un­der a draw law pro­posed by Turkey’s gov­ern­ment, Finance Min­is­ter Naci Ag­bal said yes­ter­day. Ag­bal also told the state-run Anadolu agency that the bud­get deficit will be at around 60 bil­lion lira a year by the end of the year.

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