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Twenty-one billion dollars spent on cell phones... Out of every 100 dollars spent on imports, 1.7 went to cellular phones. Over the past ten years, Turkey has spent 21 billion dollars on cellular phones.
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Moody's cuts Slovenia's credit rating one notch to... Moody's Investors Service on Thursday cut the sovereign foreign currency credit rating for Slovenia one notch to A1 from Aa3, citing increasing pressure on the government's balance sheet that could arise from a potential need to further support the nation's banking system.
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Thirty hectares for foreign investors The 2.5 hectares restriction in place for foreign investors will soon be increased to 30 hectares. Minister of Environment and Urban Development Erdoğan Bayraktar has announced that the process should be completed by the beginning of 2012.
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Çalık receives media award Çalık Holding Chairman of the Executive Board Ahmet Çalık was the recipient of the ‘Those at the Peak of Communications’ (İZ) special award for media. When receiving the award, Çalık stated “I am accepting this award on behalf of all of my friends.”
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Saab on Turkey’s hook While Saab has applied for bankruptcy, it seems the firm may be in demand by Turkish parties. The Saab administration paid a visit to the Turkish Embassy in Stockholm in order to discuss the future of the brand. The embassy has since verified the meeting did take place.
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Aksa, Dow plan $1 bln investment over five years Turkish acrylic fibre manufacturer Aksa Akrilik and Dow Europe Holding plan to invest $1 billion over five years after signing a partnership deal to form a unit, according to a statement by the Investment Support and Promotion Agency of Turkey.
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Aksa in Dow partnership deal on carbon fibre Turkish acrylic fibre manufacturer Aksa Akrilik said on Monday it had decided to sign a partnership deal with Dow Europe Holding on the formation of a carbon fibre manufacturing unit.
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A civilian boycott on France Turks are reacting to the resolution proposed by France regarding denial of Armenian allegations, which has brought the potential of a civilian boycott of French companies with operations in Turkey to the agenda.
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SAAB asks to be made bankrupt The Dutch owner of Saab has asked for the ailing car maker to be made bankrupt, a court said on Monday, setting the stage for the demise of one of Sweden's best known brands after months of struggle.
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Prince Alwaleed buys $300 mln Twitter stake Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world's top companies, has bought a stake in Twitter for $300 million, gaining another foothold in the global media industry.
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A Greek surprise A message from Christofias: If piece is achieved on the island then the natural gas found will be transferred to Turkey via a pipeline. Even if peace is not reached, then the natural wealth will be shared between two societies.
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Syria to lose $100 million in transport revenue Turkey said on Friday that Syria would lose more than $100 million a year in transport revenues as Ankara finds alternative routes to export goods to the Middle East and Gulf.
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New Year’s Eve at a five-star hotel could cost up... Istanbul’s five-star hotels have guaranteed full occupancy for two weeks in the holiday season. While it is already trying to find accommodation in the city, just to attend a New Year’s party could cost up to 750 TL.
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Akkuyu 1st nuclear unit seen complete 2019 Construction of the first unit of Turkey's first nuclear power plant is expected to be completed in mid-2019, and the global financial crisis will not hit costs of the project, the Russian contractor company said on Friday.
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