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Southeast Europe
February 16, 2019 www.intellinews.com I Page 17
The domestic tractor market contracted by 51% to about 11,000 units in Q4.
Public lender Ziraat Bankasi, originally a lender in agro-finance but most recently busy providing loans to M&As in media and restructuring football clubs’ debts, finances 65-70% of total tractor sales on the domestic market while the remaining sum is financed by other lenders and tractor
companies, according to figures provided by Turk Traktor deputy general manager Ahmet Canbeyli.
Basic agricultural input costs, including diesel oil, fertilizers and feedstuff, were subject to inflation rising from 25% y/y to 56% y/y in 2018, according to data compiled by Turk Traktor from statistical institute TUIK’s official data set.
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