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Turkey Property Turkey motor industry on the up

The production rate of Turkey's motor industry has seen a significant increase on the previous year, according to new reports.Vehicle production hit 1.1 million in 2007, with an 11.3 per cent increase over the previous year, reports Today's Zaman.The figures mean Turkey boasts the 16th highest production rate of motor cars worldwide.The newspaper highlighted the commercial benefits the motor industry has brought to the country: "The Turkish automotive industry, which was launched in the 1950s with truck and off-road vehicle production for the military, has played a major role in...

31-03-2008 - read more...

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Turkey Property Turkish minister arrives in NYC to discuss economy

Turkish minister Mehmet Simsek has arrived in New York for a major conference on Turkey's economic and social future.The minister will speak at the Turkey After 2008 conference, an event put together by the Turkish-American Business Council (TABC) as part of the Foreign Economic Relations Board of Turkey (DEIK).Turkish Press reports that Mr Simsek will be joined by the TABC's chairman Ferit Sahenk and also the Union of Chambers & Commodity Exchanges of Turkey (TOBB) chairman Rifat Hisarciklioglu.Central Bank Governor Durmus Yilmaz will also be speaking at the conference, which will focus...

17-03-2008 - read more...

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Turkey Property–Thriving press in prosperous Turkey

If signs of a thriving society are said to be seen in the strength of its press then news that the level of magazines and newspapers are on the increase in Turkey is likely to be greeted as a positive sign.The Turkish Board of Statistics (TUIK) says that almost 5,000 newspapers and magazines made it on to the shelves in 2006, reports the New Anatolian.An increase of 10.3 per cent on 2005, the amount of press being produced has been matched by a growth in circulation.Circulation now tops 2.3 billion, with the TUIK showing that the number of people employed in print media within the country is...

14-03-2008 - read more...

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IMF Huge opportunities for Turkish economy

The International Monetary Fund (IMF) has declared that there are large opportunities for Turkey's economy.In its report on the nation's economic outlook as part of the 2007 Article IV Consultation meetings, the IMF said that recent reforms had led to a "good performance" by Turkey and that the future looks equally bright."Political stability, structural reforms and favourable external conditions have facilitated this good performance," the IMF stated, Today's Zaman reports."The goal should be to build on the economic success of the last five years to firmly entrench...

20-03-2007 - read more...

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Turkey to cooperate with Israel on economy

The Turkish economy is set for a boost as the country sets its sights on further cooperation with Israel, according to reports.A trade agreement was struck between the two countries in 1997 and since then their economic collaboration has increased fivefold.Now, a delegation of 30 Turkish businessmen, led by Kursad Tuzmen, will take part in a conference in Jerusalem with a number of Israeli organisations, including the Manufacturers Association of Israel and the Israel Export Institute, the Jerusalem Post reports.One of the main aims of the talks is thought to be the standardisation of...

05-03-2007 - read more...

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Turkey hopes to beat export goals

Turkey's industrialists are feeling bullish and hope to beat this year's export goals, something that figures from February suggest that they will do.Anatolia exported US$7.6 billion (£4 billion) of goods this February, a 24.5 per cent increase on a year ago, with a cumulative 12-month total of $88.95 billion (£46 billion), a 20.6 per cent increase.State minister Kursad Tuzmen said according to Today's Zaman: "Considering the performance shown in the first two months, I can easily say that the year-end targets will be met."We are optimistic the targets will be met. For...

02-03-2007 - read more...

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