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Tunisian fire fills rooms in Turkey The uprising which began in Tunisia, Turkey’s tourism competitors, and then spread to Egypt also serious tourism contenders, has for Turkish tourism operators been like winning the lottery. With rooms filling fast, the risk of having to drop prices has all but disappeared.
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The wheels are churning for automotives Turkish automaker TOFAŞ Türk Otomobil Fabrikası A.Ş. plans to increase production to three shifts as of March, and foresees the hiring of 500 additional employees.
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Turkey’s population on the rise Turkey’s population, as of the end of 2010, increased by 15.88 to every 1,000, reaching a total figure of 73,722,988.
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US urges Turkey to deregulate to lure investment Turkey's insurance and pharmaceutical businesses could attract $2 billion in investment if the government broadens foreign access and makes regulations more transparent, a senior U.S. official said on Wednesday.
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Visa regulations to be lifted with Ukraine Prime Minister Erdoğan has announced that visa regulations will soon be lifted with Ukraine. The agreement on eradicating joint visa regulations is expected to go into effect this year. If so, Ukraine will become the 56th country to not require visas for Turks.
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Tekfen’s 630-million dollars signature in... TEKFEN Construction, a subsidiary of TEKFEN Holding has signed onto a 630 million dollar agreement in Morocco.
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Manchester United deny holding sale talks with... Premier League leaders Manchester United said on Sunday they were not for sale after the Sunday Times reported that Qatar Holding had held talks about a 1.5-billion-pound takeover.
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Diaspora makes a move to Turkey As political tension begins to mellow between Turkey and Armenia, interest in collaborating with Turkey has begun to increase by the Armenian Diaspora. While the appetite of Armenians in America is especially on an upward trend, Armenian businesswomen have already arrived to Istanbul, seeking collaborations.
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Thousands of Turk Cypriots protest austerity moves Thousands of Turkish Cypriots walked off the job and protested peacefully on Friday against austerity measures in northern Cyprus which they said could force mass migration from the isolated breakaway state.
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A Turkish wind blows at Davos... Turkey has become a specific point of interest in this year’s Davos Forum with government participation for the first time since Prime Minister Erdoğan's 'One minute' outburst. According to Klaus Schwab, the founder of the World Economic Forum, "Turkey is the country most in demand at Davos.”
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If the offer is for real, we have the money Owners of the world’s second largest petrol reserves, Venezuela has made an offer to Turkey for a property trade in exchange for oil. Venezuela’s proposal could be a solution for Turkey’s current account deficit problem and the high cost of oil.
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Turkey spends 650 million daily on credit cards As credit cards have now become a staple of daily life, it turns out last year alone; we spent 236.5 billion liras using credit cards. Interbanking Card Center (BKM) Director Sertaç Özinal has announced that in 2010, approximately 64 transactions were conducted per second and annually two billion, 37 million transactions were made, totaling nearly 236 billion, 472 million liras spent.
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Iran offers small oil fields to Turkey Iran has offered Ankara 4-5 oil small oil fields which Turkey will offer to the private sector, with each field requiring up to $100-200 million of investment, Energy Minister Taner Yildiz said on Monday.
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Advice from Nasreddin Hodja Prior to the rounds of meetings held in Istanbul between Iran and the West, Foreign Affairs Minister Davutoğlu shared an anecdote by Nasreddin Hodja, a folk hero, philosopher and sage, remembered for his funny stories; “everyone is right, but compromise.”
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