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Sabanci sells Akbank stake Shares in Turkish lender Akbank (AKBNK.IS) fell sharply after stakeholder Demir Sabanci said he had applied to sell 91.23 million nominal shares in the lender.
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Turkish bank profits to fall 20 pct Turkey's banks warned profits will fall by 20 percent this year and they will charge customers more for loans as a result of the central bank's moves to rein in soaring credit growth.
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Snapshot of Turkey's economy before Sunday's vote Turkey's economy enjoyed one of the strongest growth rates in the world last year, boosting the ruling AK Party as it seeks a third consecutive term in a general election on Sunday.
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Turkcell fined by competition board The Turkish competition board fined Turkcell 91.942 million lira in an investigation into whether Turkcell abused its market leading position through applications to distributors.
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Magna seeks spot for Turkey investment Canadian automotive and spare parts manufacturer Magna continues to harbor a love for Turkey. As the company seeks out a location to set up an automotive interior design factory, they plan to make an investment ranging from 50 to 100 million dollars.
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Migros sells discount unit Şok for 600 million... Turkish supermarket chain Migros said it agreed to sell its discount supermarket unit Şok to Gozde Finansal and Bizim Toptan for 600 million lira.
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EU holds 10th anniversary party for euro currency It may not be the most popular currency in Athens, Lisbon or Dublin at the moment, but that isn't going to stop the European Union from celebrating the 10th anniversary of the euro.
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US hopes Azeri-Turkish gas deal to be signed soon The United States hopes that Azerbaijan and Turkey will sign a transit agreement for new gas from the Shah Deniz field in coming weeks, the U.S. Special Envoy for Eurasian Energy, Richard Morningstar, said on Monday.
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One meeting, 22 projects Prime Minister Erdoğan has announced plans for 22 additional projects for Istanbul, Izmir and Diyarbakır. In time, Diyarbakır will have a civilian airport and a stadium with the capacity to host 30,000 spectators. A series of new tunnels and ports will be built in Izmir. Traffic in Taksim Square will be directed underground.
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Doğan Yayın: unit tax fine slashed to 129 million... Turkey's leading publishing group Doğan Yayın said on Wednesday a tax fine for its Doğan Produksiyon unit had been reduced to 128.7 million lira ($80.94 million) from a previous 863 million under a tax amnesty deal.
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Rivaling France with 247 cheese varieties The fame recovered from cheese embedded in the Anatolian culture, will offer a revival for Turkish SME’s. The Uşak based Muratbey firm has discovered 247 varieties of cheese and has now set its sights on France.
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Turkey cuts forex buying, gives lenders hope Turkey's central bank on Monday cut back its dollar purchases after a worsening euro zone debt crisis eased the flow of funds to the country, and stressed its much-criticised policy mix had started to work.
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Racing to fifth place in Europe Turkey may soon surpass Spain to become the fifth highest automobile selling nation in Europe.
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Doğuş to sell stake in TUVTurk Istanbul Turkish automotive distributor Doğuş Otomotiv (DOAS.IS), which sells Volkswagen (VOWG.DE) cars, said on Friday that it has commissioned broker Garanti Securities to sell its 16.8 percent stake in car inspection site operator TUVTurk Istanbul.
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