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Turkey and Japan sign on to rebuild Iraq Turkish firms, which have created 12.9 billion dollars worth of projects in Iraq, sat down with Japanese firms to discuss the billion dollars worth of collaborative potential in areas spanning from infrastructure, energy, education and health.
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"We will not be cutting off Syria’s water and... Minister of Energy and Natural Resources Taner Yıldız has announced that Turkey will not be disrupting water and electricity services to Syria during this period of increased tension.
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Turkey is world’s 19th most valuable nation brand According to results from research conducted by branding valuation consultancy Brand Finance on top “Brand Nations”, Turkey, with a brand value of 487 billion dollars, has become the world’s most valuable 19th nation.
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Turkey’s exports are on the rise while economic... Turkey’s economic growth has surpassed expectations at 3.2 percent for the first quarter of the year and during a time when the economic crisis had reached a peak. The main factor in the nation’s growth can be pinpointed to the Central Bank’s decision to bring down the obstacle of high interest rates which was blocking the nation’s exports. While last year net exports brought down the first quarter’s growth figures by 5.3 points, this year exports have contributed by 4.5 points.
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European Turks are returning home to evade... The economic crisis in Europe has resulted in drawing in the 5.5 million Turkish expats back to their homeland. While over 600,000 expat Turks have applied to be included in the Social Security Administration, 307,000 have already begun receiving retirement payments.
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China to wear a Turkish brand Colin's is planning to enter the Chinese market next year. According to the CEO of Colin's Yavuz Eroğlu, plans are to open 55 stores in the first year alone.
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HSBC hosts executive board meeting in Turkey HSBC, one of the leading firms in global banking, hosted an executive board meeting in Istanbul yesterday. The meeting marks a first for the bank which has never held an executive board meeting of this scale outside of England or France. The reason behind Turley’s selection is that the nation is fast becoming one of the bank’s ‘top 20’ locations.
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A 50 billion cubic meters’ worth bridge to Turkey Turkey and Azerbaijan have signed onto TANAP, a new seven billion dollar project which aims to provide 50 billion cubic meters of gas to Europe via Turkey.
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Turkey gives IMF five billion dollar loan Developing nations in attendance at the G-20 Summit have decided to contribute to the strengthening of IMF resources. As a result, Turkey will be providing five billion dollars, Russia will be providing ten billion dollars and China will be handing the IMF a whopping 43 billion dollars.
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U.S. pharmaceuticals giant to make 180 million... Turkey continues to draw in foreign interest in investments. Minister of Industry Nihat Ergün recently announced that U.S. pharmaceuticals firm Baxter has announced plans to make a 170-180 million dollar investment in Turkey.
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Greece becomes place to shop for Turkish firms Turks are now seeking to acquire their struggling neighbors’ products and assets. Turkish firms are currently rolling up their sleeves as they await the results of the Greek election and prepare to engage in a series of privatization tenders. Meanwhile, the volume of direct investments is also on the rise.
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Iraq borders to move The details of two new borders with Iraq have been finalized. The borders, which will be built between Aktepe and Ovaköy, may also become a wide free trade zone.
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Turkey to host Arab Davos After the recent World Economic Forum held in Istanbul, the metropolis is now set to host a series of investors from the Middle East, including Alshaya, Venture Capital Bank and Markab Capital.
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Founder of Ülker, one of Turkey’s most famous... The founder of Ülker Grubu Sabri Ülker has passed away at the age of 92.
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