The Turkish government introduced rules regarding some $17billion in outstanding bank loans to the tourism industry, following a sharpdecline in visitor numbers, Bloomberg News reported April 7, citing a post inTurkey's official gazette.
Under the measure, lenders will through the end of 2016 beallowed to restructure loans to tourism businesses twice before having todeclare them nonperforming, according to the report.
Visitor numbers have fallen in the wake of a series ofterror attacks in major Turkish cities, Bloomberg noted.