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Airplanes for rent for 300 liras an hour THK Gökçen Aviation has reached an agreement with Italy’s Tecnam to rent out ultralight aviation airplanes at an hourly rate of 250-300 lira. Interest in the airplanes is expected to come from amateurs, those in the tourism industry and industrialists for mapping purposes.
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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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A cinematic storm of Turkish films The Turkish film industry, which has experienced a revival in recent years, brought in stellar results in the fifth month of 2011. Out of 147 films showing, including both domestic and foreign, the top three productions with highest viewership were Turkish films.
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Turkish markets keep one eye on c.bank, other on... Turkish shares and bonds regained some ground on Tuesday on hopes of progress in the Greek debt crisis, but Thursday's central bank policy meeting kept investors cautious, and the lira's rally faded out.
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The most critical 45 minutes… The second bailout package for Greece will be determined by the stances of both Merkel and Sarkozy who are scheduled to hold a 45 minute meeting today to get rid of any discrepancies regarding private investors.
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We’re better off than Europe! Turkey is winning the struggle against unemployment. In March, unemployment went down to 10.8 percent. When calculating the effects of the season that figure comes down to 9.9 percent. As a result, this means that 48 months later, we are now down to the single digits.
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Tights that put an end to cellulite An SME in Turkey has found an interesting solution for cellulite. Ekoten’s groundbreaking innovative tights have two million capsules contained in every square centimeter of fabric.
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Ford to hire 1,000 employees Ford announced a big boost of investment plans at the end of 2010, including a 630 million dollar investment in Ford Otosan, which is now heading towards increasing capacity. The firm’s 320,000 vehicle capacity will be increased to 400,000 and the number of staff will reach up to 9,500.
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Turkish lira gains after AK Party election victory The Turkish lira strengthened modestly on Monday after Prime Minister Tayyip Erdogan's ruling AK Party won a clear victory in Sunday's parliamentary election.
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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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