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Turkey is ‘in spot’ for luxurious hotels Turkey has become the new address for luxurious hotel chains. After Jumeirah, Missoni, Rotana and Viceroy, now German food giants Dr. Oetker is planning to open their first hotel in Turkey.
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Babacan: S&P is way behind In reference to the recent downgrade of Turkey’s rating, Deputy Prime Minister Ali Babacan says S&P is way behind and their recent announcement “has had no impact on Turkey whatsoever”.
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Turkey is an example of strong economic policy IMF Chief Lagarde states that the debate surrounding belt-tightening and growth in Europe is baseless. According to Lagarde, financial discipline and growth are possible at the same time and suggests a system which has been in place in Turkey since 2001.
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Turkey and its firms are our strategic partners In an interview, Prime Minister of the Northern Iraq Regional Administration Nechervan Barzani referred to Turkish firms as ‘strategic partners’.
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Erdoğan's S&P rebuke draws global attention Prime Minister Erdoğan’s reaction to S&P's rating drop by saying “We no longer recognize you,” has ignited a global revolt against credit rating agencies. While support has been raining in from abroad, Europe is now determined to establish its own rating firm.
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‘Istanbul’ to draw in Arab tourists for Ramadan Turkey’s tourism sector is going all out in order to increase the number of Arab tourists that visit Istanbul during the Ramadan holiday. The Ministry of Tourism and Culture, Turkish Airlines, hotel and restaurant owners are drawing in Arab tourists with a series of special offers.
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Turkey facilitates real estate sales to foreigners The parliament approved a bill on Thursday which eases restrictions on foreigners purchasing real estate in Turkey. The facilitating of foreign acquisitions is expected to bring in 20 billion dollars.
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S&P makes an error in Turkey's rating Deputy Prime Minister and Government Spokesman Bülent Arınç commented on S&P’s recent downgrade of Turkey's long-term rating from positive to stable.
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Iraq-Turkey economic collaboration on a rise Having risen five levels up in Turkey’s export league over the past seven years, Iraq, which has now set its sights on taking the spot for Turkey’s exports, intends to open up to the world from Istanbul. Saying we “promise you the future,” Speaker of the Assembly al-Nujayfi invited Turkish businessmen to Iraq.
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A historical step for petroleum Shale gas, which has turned the United States, the world’s highest importers, into exporters may be Turkey’s new source of hope. TPAO has found three different regions containing significant shale gas-petrol reserves.
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Turkey to become a center of luxury According to Turkish Exporters Agency Chairman Mehmet Büyükekşi, Turkey’s fur and jewelry sectors could turn the country into a central destination for luxurious shopping. Büyükekşi emphasizes that demand is now being redirected from Europe and Greece to Turkey.
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Cyber attack staged on Turkish websites fails International hacker group 'Anonymous' staged a cyber attack on almost 20 government bodies including the Ministries of Justice, Internal and Foreign Affairs as well as the Security General Directorate yesterday, however due to intervention by the teams from the Telecommunications Directorate, they were unsuccessful.
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Investments pour in for entertainment Turkey, a rising star in terms of global growth, is now becoming a regular stop for international stars such as Madonna and Zaz. Foreign investors are now racing to invest in Turkey’s four billion dollar entertainment sector.
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Turkey begins drilling in the Mediterranean Turkey has responded to the Greek-Israeli collaborative petrol exploration efforts in the Mediterranean by beginning to drill for gas and oil on the Turkish Republic of Northern Cyprus.
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