Euler Hermes Turkey is partnering with DS-Concept. This collaboration will generate $1 billion in resources for Turkish exporters. According to DS-Concept's statement, the credit insurance company Euler Hermes has joined forces with DS-Concept, Germany's leading financial institution, which has been providing financing support for Turkish exporters for many years. The strategic partnership, which was announced during an event hosted by the Turkish Clothing Manufacturers Association (TGSD), will generate $1 billion in resources for Turkish exporters and enable exporters to trade safely.
The export price, which is collected from the identified buyers following the appointment of DS-Concept as the loss payee to the accounts receivable insurance policy arranged between Euler Hermes and the exporter in line with the support for exports, will be deducted and paid to the exporters in cash. Thus, "early collection" will be possible within the limits granted for shipments made to buyers covered by the insurance, while first-hand direct cash flow and operating capital will be provided without any intermediary establishment, bank or reporter.
Export, import indices up in January
The export unit value index had an annual increase of 0.6 percent, while the import unit value index increased by 6.3 percent in January this year.
According to January 2017 foreign trade indices announced by the Turkish Statistical Institute (TurkStat), the export unit value index increased by 0.6 percent in January compared to the same month last year. The import unit value index increased by 6.3 percent in this period. The export volume index increased by 17.3 percent in January compared to the same month last year. The import volume index rose by 9 percent in this period.