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Nestlé takes majority stake in Turkish biscuit... Swiss food conglomerate Nestlé said Monday it had acquired a majority stake in Turkish confectionery brands Dogan and Balaban Gida as it seeks to expand in the low-income segment of the market.
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Turkish Parliament approves austerity budget for... Turkey’s Parliament yesterday adopted a budget for 2011 aimed at fiscal belt-tightening while encouraging growth, Finance Minister Mehmet Simsek said.
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Pharmacists place an embargo on 3,000 medications Pharmacists have decided to return the pharmaceuticals in their stocks back to their manufacturers due to the drop in regulatory prices, which was not compensated for by pharmaceutical companies. Three-thousand brands of medicine are being returned to manufacturing distributors today.
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S.Korea must improve offer to win nuke deal:... South Korea must make an improved offer if it wants to secure a project to build a Turkish nuclear power plant, the country's ambassador to Seoul said Monday.
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Japan, Turkey sign memorandum on nuclear... Japan and Turkey signed a memorandum on civil nuclear cooperation Friday, a step toward a possible 20-billion-dollar deal for Japanese companies to build a nuclear plant in Turkey, an official said.
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Summit lets Turkey flex its diplomatic muscles Turkey, a stable and fast- growing economy, hosts leaders from Iran, Pakistan, Afghanistan and Central Asian states at an economic summit on Thursday which illustrates Ankara's growing regional influence.
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GAP İnşaat to build road to Baghdad GAP İnşaat will be undertaking a 195 million dollar project which involves the construction and landscaping of a major highway in Baghdad.
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Crisis forces young Greeks to seek their fate... Nikos Tsatalbas, a salesman from Athens, insists that he does not know whether incompetence or corruption were the root cause of the financial crisis gripping Greece.
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IMF says fiscal tightening needed in Turkey The International Monetary Fund said on Friday that Turkey should tighten fiscal and regulatory policies to keep price pressures at bay, and may need to raise interest rates if those tools do not work.
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Calik of Turkey to build $195 million Iraqi road... Calik Holding, a closely held Turkish company with interests in energy, telecoms and finance, will build a $195 million road in Baghdad, the company said in a statement on Monday.
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Giant partnership formed between Çalık Enerji and... Russia’s largest company Rosneft and Çalık Enerji have signed a partnership agreement for both the international and Turkish arena. Internationally, the two companies will be retailing petrol, while in Turkey the focus will be on distribution.
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POSCO says to invest $350 mln in Turkey plant South Korea's POSCO, the world's No.3 steelmaker, said on Friday that it has decided to invest $350 million to build a cold-rolled stainless steel factory in Turkey.
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Turkey's Calik expects pipeline agreement in 2011 Turkey's Calik Holding expects partners in the proposed Samsun-Ceyhan pipeline project linking the Black Sea with the Mediterranean to reach agreement next year, Chairman Ahmet Calik said on Wednesday.
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With No Policy Incentives, Turkey's Solar... Government’s inaction could permanently stunt solar industry in a nation sunnier than California, advocates warn
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