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TOBB structure under spotlight following referendum silence
TOBB structure under spotlight following referendum silence The business world has embarked on a heated debate over the Turkish Union of Chambers and Commodity Exchanges (TOBB) after the management of Turkey’s largest business NGO refused to lend open support for a set of proposed constitutional amendments that have garnered overwhelming support from businessmen.

Şimşek: Turkey able to finance CAD in mid-term
Finance Minister Mehmet Şimşek has said Turkey will be able to take control of its current account deficit (CAD) in three to five years because it has a sound macroeconomic foundation.

Yıldız lays foundation for immense Çankırı thermal plant
Turkish Energy and Natural Resources Minister Taner Yıldız laid the foundation of a thermal power plant that is expected to provide employment to 3,000 people in a ceremony in the central Anatolian province of Çankırı on Wednesday.
ECB leaves interest rates on hold for 16th month
ECB leaves interest rates on hold for 16th month The European Central Bank (ECB) left its benchmark interest rate unchanged at 1 percent for the 16th consecutive month on Thursday as still-uncertain global outlook clouds optimism about the eurozone’s recovery.
Azerbaijan sees full Turkey gas deal by March 2011
Azerbaijan sees full Turkey gas deal by March 2011Azerbaijan expects to iron out all details of a natural gas deal with Turkey by end-March 2011, state energy firm SOCAR said on Wednesday, in a step toward the export of Azeri gas to Europe via the Nabucco pipeline.
Analysis: Turkey to make up for falling Europe coal use
Analysis: Turkey to make up for falling Europe coal useThe future for European coal generation looks gloomy with the odds stacked against new coal plants but if Turkey is included in the European zone a very different picture emerges, analysts say.
Spain jobless claims rise in August
The number of people filing claims for unemployment benefits in Spain rose in August by about 61,000 as temporary summer work contracts began to expire, the Labor Ministry said Thursday.

CAD widens but no worries as export bounces back to double digits
CAD widens but no worries as export bounces back to double digitsDeflecting worries that widening current account deficit (CAD) poses grave risk on the health of Turkish economy, Parliamentary Budget Commission member Professor Osman Demir has said there is no reason for an alarm as Turkey’s balance of payment looks promising from the perspective of the sustainability and financing is not an issue. His comments came as export figures for the month of August jumped back to double digits after a slump in July.
Babacan: Turkey seen as a success story around world
Deputy Prime Minister Ali Babacan has said Turkey is considered a success story in the world because of its stable economic performance even in times of crisis.



‘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.
Anglo Irish bill could top 25 bln euro, says minister
The clean-up bill for Anglo Irish Bank may top an estimate of 25 billion euros ($32 billion), a minister said on Wednesday, as the value of its debt still to be moved into Ireland’s ‘bad bank’ remains unclear.

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.
IMF report: Islamic banking can spur growth in Muslim world
A recent International Monetary Fund (IMF) report has argued that the rapidly growing Islamic banking sector may accelerate economic development of the Muslim world.
Current account deficit soars despite rising exports
Turkey’s current account deficit increased by 89.4 percent in the first seven months of this year over the same period of 2009, despite a significant 13.4 percent rise in exports.

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
Turkey, Turkmenistan eye boosting economic relations
Turkey and Turkmenistan are seeking opportunities to boost their cooperation in various fields at a two-day fair that began on Monday and at a business forum held on the same day.

TL 300 mln more to be collected from tickets with new system
Eurozone economic sentiment up again in, EC says
Shopping mall revenue up by 10 pct
HQ Bank enters involuntary liquidation
Poland’s economy grew 3.5 percent in Q2
Jacob Zuma steps in to end strikes
China in global talent search for state companies
‘Shut down Anglo Irish Bank over 4-5 years’
Ergün: İstanbul to be major economic hub in future
SMEs also favor change through referendum
Turkey among most promising countries in automotive sector
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
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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