Turkey's Botas to get $1.2 bln from c-bank for end-2014 payments - media

The company will use the money to make payments due by the end of December to other countries including Russia, Turkey’s energy minister Taner Yildiz said as quoted by news agency Anadolu Ajansi.

On Tuesday, Turkey’s central bank announced that the bank and the Treasury will meet the foreign exchange needs of state-owned energy importing enterprises with effect from December 17. The move came after the Turkish lira fell to record low levels against the U.S. dollar to 2.41 lira per dollar earlier on Tuesday.

($ = 0.802 euro)