| ‘Turkey to make difference by reducing public debt’ | | Finance Minister Mehmet Şimşek has said Turkey will be one of the rare countries where the ratio of public debt to gross domestic product (GDP) will decrease. Speaking at the first session of the three-day “Global Economy after the Crisis: Challenges and Opportunities” conference organized by the Turkish Economy Association (TEK) in Girne, Turkish Republic of Northern Cyprus (KKTC), on Wednesday, Şimşek assessed the Turkish economy’s performance over the last couple of years. He said the country | | | ‘Yes’ result to give business world say in gov’t policies | | Turkish Confederation of Employers’ Unions (TİSK) President Tuğrul Kudatgobilik has said the Economic and Social Council (ESK), whose functions will be put under legal protection if proposed constitutional amendments are approved in the upcoming Sept. 12 referendum, will be a bridge between people and the government. | | | Spain halves deficit with painful austerity cuts | | Spain says its deficit is down sharply thanks to an unpopular cocktail of tax hikes and other austerity measures _ good news for a government fighting to ward off fears it might need a bailout like the one that saved Greece from bankruptcy in May. | |
| | | DEİK board chairman: Reforms to attract huge investments, cash inflow | | Foreign Economic Relations Board (DEİK) board chairman Rona Yırcalı has said the approval of proposed constitutional amendments in the upcoming Sept. 12 referendum will help Turkey become a more secure and stable country in terms of its economy, which will eventually help it attract huge foreign investments and cash inflow. | | | Torunlar GYO plans to offer 25 pct stake to public | | One of Turkey’s largest real estate investment partnerships, Torunlar GYO, announced on Tuesday that it has applied to the Capital Markets Board (SPK) and the İstanbul Stock Exchange (İMKB) to offer 25.16 percent of its shares to the public, equal to some TL 650 million of the company’s worth. | |
| | | | Xanadu Resort Hotel success the result of customer loyalty | | The Xanadu Resort, an all-inclusive, five-star hideaway in Belek, Antalya, offers a great vacation experience to discerning travelers who want to experience fine cuisine and gorgeous scenery amidst the year-round green pine trees running adjacent to the beautiful blue Mediterranean Sea. | |
| Welfare families want brighter future for children, study shows | According to recently published research by the Family and Social Studies General Directorate (ASAGEM) about perceptions of social welfare, 89.2 percent of beneficiaries do not want their children to be welfare recipients for the rest of their lives, while 88.2 percent express dissatisfaction at raising their children while on welfare.
| | | TPAO shakes hands with Chevron giant on Black Sea drills | | The Turkish Petroleum Corporation (TPAO) has come to an agreement with the oil company Chevron, the United States third largest corporation, to partner on two deep-sea drills in the Black Sea, where the companies will search for oil reserves, if the agreement is approved by Cabinet, Energy and Natural Resources Ministry officials told Today’s Zaman | | |