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Korea  New Zeland  Pakistan  Russia  S. Korea  Saudi Arabia  Syria  Taiwan  Thailand  UAE  USA  Yemen International airlines flock to THY looking to sell The ever-growing national flag carrier Turkish Airlines (THY) is taking center stage in the European and international aviation sectors as struggling airlines rush to it with their deeds in hand. ‘Securing single-digit interest rates, fiscal discipline critical’ Finance Minister Mehmet Şimşek has stressed the importance of securing fiscal discipline and single-digit interest rates, calling them the greatest economic milestones Turkey could attain. More US patients expected to get treatment in Turkey For many years, Turkish patients have sought medical excellence in the US, but this trend will see a complete reversal in the coming period, according to plans announced by Turkish Airlines (THY) at a two-day conference held in Chicago by the Turkish American Chamber of Commerce & Industry Midwest (TACCI-Midwest). BİM posts 86 percent net profit increase for 2009 BİM, a leading discount retail chain, has announced a net profit of TL 212.9 million for 2009, an 86 percent increase over the previous year. BİM’s revenues from net sales also rose by 25 percent, to TL 5.32 billion, between 2008 and 2009. Turkey’s Southeast sees decline in regional exports Exports from southeastern Anatolia to neighboring countries dropped by 15 percent in the first two months of this year when compared to the same period of 2009, data from an exporters’ union has revealed. US government bank auditors got big bonuses Banks weren’t the only ones giving big bonuses in the boom years before the worst financial crisis in generations. The government also was handing out millions of dollars to bank regulators, rewarding ”superior” work even as an avalanche of risky mortgages helped create the meltdown. $50 mln to be spent for Turkey’s promotion in Russia Culture and Tourism Minister Ertuğrul Günay has said that a total of $50 million will be spent by the public and private sectors to promote Turkey in Russia, with an expectation of raising the number of Russian tourists to Turkey to 3 million this year. Indesit plans to invest 10 mln euros in Manisa Italian home appliances firm Indesit expects to invest 10 million euros in its factory in the Aegean province of Manisa this year. The company had earlier announced that it had decided to transform its manufacturing plant in Manisa into its largest refrigerator factory. Greek PM warns of debt spiral, hopes to avoid IMF bailout Greece raised the stakes on Thursday in its quest for EU help to tackle its debt crisis, warning it cannot achieve promised deficit cuts if its borrowing costs remain so high and may have to call in the IMF. China rejects US lawmakers pressure on yuan China rejected pressure by US lawmakers for Beijing to ease currency controls and accused Washington on Thursday of trade protectionism that it said might hurt the global recovery. Gov’t ponders privatization of remaining 20 pct of Başkent Turkey aims to privatize the remaining 20 percent of Ankara natural gas distributor Başkent Doğalgaz Dağıtım A.Ş. in 2010, a Privatization Administration (ÖİB) official said on Thursday. The privatization of 80 percent of Başkent Doğalgaz was completed last year. ‘Nabucco may be supported by countries with gas resources’ The Nabucco natural gas pipeline project may possibly be supported by countries with gas resources such as Azerbaijan, Iraq and Turkmenistan, Werner Auili, a senior official of Nabucco partner Austrian Gas Company OMW, has said. Investing businesses prop up Turkish employment in 2010 Although many firms chose to dismiss workers during the global financial crisis, firms who saw the crisis as an opportunity and are continuing to invest are still looking for new employees. According to Today’s Zaman’s research, the firms listed below are looking to hire a total of 110,000 individuals this year: Şimşek: Turkey passed crisis stress test Finance Minister Mehmet Şimşek has said that Turkey overcame the global financial crisis without any major damage and passed the stress test of the meltdown successfully. ‘Turkey, IMF disagreed over possible extra revenue from growth’ Turkish Deputy Prime Minister Ali Babacan revealed on Wednesday why Turkey and the International Monetary Fund (IMF) failed to reach an agreement on a stand-by deal, saying one of the details on which there was disagreement was over the distribution of additional revenue if Turkey surpassed its growth targets in 2010. Turkish firms becoming more active in Iraqi market The activity of Turkish companies working in Iraq has been increasing over recent years thanks to developing economic and commercial relations between the two countries. OPEC determined to sticks to its guns, anticipates rise in demand OPEC ministers agreed not to change oil output targets they are already exceeding, anticipating that demand will pick up later in the year to mop up extra barrels. THY to add 1,600 to staff this year Turkey’s national flag carrier Turkish Airlines (THY) expects to add 1,000 flight attendants and 600 co-pilots to its crew by the end of this year, THY CEO Hamdi Topçu told reporters Wednesday in Manchester. Turkish minister says Turkey aims to host 30 million tourists The Turkish tourism minister said on Thursday that Turkey aimed to host 30 million tourists in 2010. Greek PM wants EU to pledge support at summit Greek Prime Minister George Papandreou urged the European Union on Thursday to make Athens a a clear offer of support to resolve its debt problems at a summit in Brussels next week. Exxon to enter Black Sea in 2011 ExxonMobil Exploration and Production Turkey BV will commence oil exploration off Turkey’s Black Sea coast in 2011 with a specially designed drillship, currently under construction in South Korea. Rixos appoints Kees Hartzuiker as new exec Otokar earns TL 33.86 mln net Pressure to mount on banks as IMF no longer an option Iraq agrees to renew Kirkuk-Ceyhan oil link accord with Turkey Unemployment by sector: how profession makes all the difference Aliağa refinery to be completed by 2014 EU ministers discuss standby plans for Greece First two months see 47.9 percent decline in budget deficit Emlak Konut, TOKİ participate in MIPIM to attract FDI Consumer confidence up 3.3 pct in February States of risk İhlas Gazetecilik to offer 25 pct share in entry to İMKB TPAO: Black Sea could fuel Turkey for upcoming 40 years Kocaeli takes lead in February house prices rises, survey shows Dutch insurer Eureko targets Turkey, mulls sales Looking for a lasting remedy to Turkey′s unemployment problem Unemployment rate decreases slightly in December BMD planning to employ 40,000 people this year Industrial turnover climbs 11.7 percent in first month of 2010 Tax rises hit Greece as EU finance ministers meet on debt crisis Euro zone Q4 employment falls, points to weak growth US Senate financial reform bill strengthens Fed authority İstanbul Jewelry Show shocked by 100,000 euro theft Deloitte: Per capita spending on meds a low $140 in Turkey Iran calls on OPEC to hold oil output target steady Turkish relief foundations in renewed drive to help Haiti Top generals decry Erzincan probe, suspicions into bomb-laden truck Çağlayan calls IMF issue a sign of Turkey’s economic strength ‘Turkey will benefit from not signing an IMF stand-by deal′ Kuwaiti emir to invest $3 bln in Turkey TÜSİAD calls off US visit, says it would be ‘unfruitful’ Germany’s Angela Merkel considering charge on banks Strike threatens BA’s future Gov’t reveals R&D incentive for SMEs Argentina’s government sees swap of defaulted debt in March Chinese premier wen defends assertive trade, foreign policy Healthcare overhaul will pass, aide says Anadolujet to hire 2,000 workers European finance ministers to agree on Greek aid Turkey and the IMF: the beginning of a new era OECD calls for Turkey to cut incentives for early retirement 15 more Turks make Forbes’ billionaires list to hit 28 İstanbul’s outlying districts come to fore with new developments Report: Airbus, engine group seek damages Yıldız: New working group to decide fate of nuclear plants Current account deficit multiplies sixfold to $2.96 billion in January Dinçer: Occupational accidents cost Turkey TL 4 billion Greece hit by strikes over austerity measures TÜPRAŞ enjoys 88 percent increase in 2009 net profit Stand-by deal between Turkey, IMF unlikely as parties call off talks Political turmoil currently on minds of investors in Turkey No place for populist economic policies in Turkey, says Babacan İstanbul tops European cities in real estate development Industrial employment falls 6.8 percent in fourth quarter Rahmi Koç breaks leg during skiing accident State vs. people rupture narrows in Southeast with support programs Auto sector increases production by 89 pct in first two months Turkey at ITB Berlin in bid to increase number of tourists ‘Balance should be found between malls and small shops’ Korea, Turkey to cooperate on Sinop nuclear power plant Turkish business leaders ready to act on low-carbon economy MoU to foster cooperation between Korean, Turkish contractors Turkey, drug makers in talks over unused swine flu vaccines Turkish-British commerce chamber elects new head, vice president Turkish investors regain confidence, survey finds IMF chief says world must prepare for next crisis UAE gov’t backs Dubai; Abu Dhabi help may lag EU finance ministers to agree on end of anti-crisis moves China: US assets should not be ‘politicized’ EU warns US against protectionism in deal Kuveyt Türk enjoys 22 percent increase in profits for 2009 Borusan posts $220 mln profit in 2009 Industrial production breaks free from crisis with 14.3 pct rise EU considers its own crisis fund BIS-Icesave deal likely, expected to free IMF funds Soccer federation organizes matches for Women’s Day Female labor force participation still weighty problem for Turkey ‘US unlikely to jeopardize strategic partnership’ Turkish banks multiply profits throughout sector Firms get US gov’t money despite Iran work Iceland votes ‘no’ to $5.3 billion debt deal for collapsed bank China to keep yuan basically stable in 2010 Koç: Economic situation still critical Greece’s Papandreou seeks French backing to tackle debt crisis TL 14 billion in taxes not paid by 812 taxpayers Ziraat Bankası posts its highest net profit in one century Ergün: Turkey making progress in patent rights Tekel workers change minds, demand applications for 4/C be ignored Tender for construction of foreign guests hall in Esenboğa to be launched Tüzmen: Turkey will retain export records Turkey, South Korea anticipate study on nuclear power plant 31 new restaurants to mark McDonald’s largest expansion in Turkey Central bank: Inflation to remain high until end of 2010 Minister warns fuel smugglers of government crackdown İstanbul tax office in search of new geese for the coop German deputies recommend Greece sells islands to clear debts Country desks on the way for 33 nations Efficient infrastructure investments could be realized through PPP Turkey earns $825.9 mln from hazelnut exports Şimşek: Tax information exchange deal to be signed with Switzerland Signs of recovery as exports soar by 20 pct in February Toyota to resume production of Corolla in Adapazarı Bologna a new destination for THY Clear legislation needed for renewable energy investments Akfen breaks Turkish record by issuing TL 100 mln in bonds Shopping malls enjoy 16 pct rise in January turnover Akio Toyoda apologizes to China over company’s global recalls GSM operators criticized over poor mobile Internet services Turkey 14th among countries with highest taxes on tobacco Tekel workers gain time with court ruling European Union tells Greece to do more on budget, markets improve ‘Tsunami may follow major quake in İstanbul’ PM Erdoğan blames elite for harming country’s interests German electronics chain to expand in Turkish market Incentive for textile sector causes huge tax losses in fuel sales China says moving to enforce greenhouse gas targets France mulls ban on state debt CDS Rural population falls to 25.4 pct Germany reaches deal over wage Minimum wage negotiation marathon begins today at Labor Ministry Non-performing loans rise by 100 pct Sabancı to bid for nuclear tender only if specifications satisfactory Poultry sector jolted with TL 27.6 mln antitrust fine Yıldırım: YouTube should open an office in Turkey Report: Court rejects Doğan stay request Ak-Can purchases six state-owned sugar refineries Over 180,000 small and medium-sized enterprises apply for loan package UN: 2000-2009 could be Earth’s warmest decade ever Natural gas distributor Başkent clears debt to BOTAŞ

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