The first Turkish jewelry factory goes bankruptVisits : 42

The first Turkish jewelry factory goes bankrupt

Investors in Turkey have been hit by the economic crisis, and for more than a year companies and factories have declared default on their debts and have to file for bankruptcy settlement.

The Temizocak jewelery factory in Izmir, western Turkey, has accepted a bankruptcy settlement request to reschedule its bad debts.

The factory is the first in the jewelery industry in Turkey, working in this field for 83 years, and opened its first branch in 1974.

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