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Turkish PM arrives in Kuwait to boost cooperation Turkish prime minister heads 500-strong delegation as Turkish officials and businessmen travel to the Gulf to boost economic and political cooperation.
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Turkey in move to allow 50% foreign TV ownership Turkey's parliament approved on Thursday legislation allowing foreigners to own 50 percent of Turkish broadcasters, doubling the limit and paving the way for more acquisitions from abroad.
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Cigarettes will soon be sold under the table New regulations to take effect in three months’ time dictates that in order to prevent further damage to the nation’s health and sales to minors, cigarettes must literally be sold under the table.
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Turkey in talks with France over nuclear plant Turkey has entered talks with French firms about the planned construction of a nuclear power plant on the Black Sea, Energy Minister Taner Yildiz said Friday.
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Argentine president to make Mideast tour Argentina is "open to the Arab world," Foreign Minister Hector Timerman said Thursday ahead of a international tour later this month by President Cristina Kirchner to Kuwait, Qatar and Turkey.
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Era of making money from money is over Interest rates on deposits hit a historic low yesterday dropping to 6.84 percent. According to experts, gone are the days of investing into interest for profit…
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Compensation for flirting We may be facing a series of radical changes once the new draft of the Turkish Code of Obligations and the Code of Commerce is approved by the Grand National Assembly next week. Both the Code of Commerce and Code of Obligations are being rewritten to be compatible with European Union Standards and should the total 2,184 items be passed, widespread changes are anticipated to affect the nation.
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Cyprus to license offshore oil and gas search A top Cyprus energy official said Tuesday that the Mediterranean island will go ahead with a second licensing round for offshore oil and gas exploration later this year in a move that could stoke tensions with Turkey.
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BP shares jump after Shell bid report Shares in oil major BP (BP.L) opened over 4 percent higher on Tuesday after a newspaper reported rival Royal Dutch Shell Plc (RDSa.L) had considered a takeover bid in the wake of the Gulf of Mexico oil spill.
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Spring is in the air for the economy Inflation which had seen a rise due to food prices has now decreased due to the same reason. With the Central Bank expectations at 6.5 percent, the year 2010 closed at 6.4 percent inflation, surpassing the target for a recovery in exports. Estimations of exports for 2010 were at $111.7 billion, yet reached $113.7 billion. The bar has been raised for foreign sales and this year’s target is now at $127 billion.
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Turkish inflation up 6.4% in 2010 Turkey's inflation reached 6.4% in 2010, in line with the state's target of 6.5%, as the economy staged a spectacular recovery from a severe recession.
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Airport designated for Black Sea region The Ministry of Transportation plans to begin the construction for the Ordu Giresun, or OR-GI Airport in the first half of 2011. The airport will be located 19 kilometers distance from Ordu and 25 kilometers distance from Giresun.
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Çalık Holding era for YEDAŞ With approximately 20,000 employees in the energy, telecommunications, finance, construction, textiles, media and mining industries, the Çalık Holding family has now added another massive company to their operations.
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Iraqi Kurds won't resume oil exports unless... Iraq's Kurds said Tuesday they won't resume oil exports from their self-ruled territory unless the central government recognizes the contracts they have already signed on their own with international energy companies.
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