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Tuesday, September 13 2011 , Your time is 15:58:00
Turkey and Russia signed a declaration in Istanbul on May 22 to remove restrictions on bilateral trade that were imposed after a jet crisis in 2015.
ISTANBUL- Hürriyet Daily News
Palestine’s banking system and businesses continue to develop in the West Bank, even though the country’s banks have had to operate under Israeli occupation, the President of the Palestinian Monetary Authority, Jihad al-Wazir, said yesterday.
PARIS - Reuters
The eurozone debt crisis and the US failure to agree on spending cuts create a double whammy for the global economy, as the Paris-based OECD foresees a significant slowdown in economic growth. According to estimates released yesterday, the global economy will grow by 3.4 percent in 2012, while Turkish growth could be 3 percent
BEIJING - Reuters
China’s Commerce Minister plans to lead an investment delegation to Europe next year, hoping to pick up some plum assets on the crisis-hit continent.
ANKARA - Anatolia News Agency
The hunger limit for a family of four for November in Turkey stands at 927 Turkish Liras, 6.77 percent higher compared to 11 months ago, and the poverty limit at 3,018 liras, according to the Confederation of Turkish Labor Unions (Türk-İş).
MADRID - Agence France-Presse
Spain’s incoming government must enforce “significant tightening measures” to meet its 2012 target for cutting the deficit after it takes office next month, rating agency Moody’s said yesterday.
BUDAPEST, Hungary - The Associated Press
Ratings agency Moody’s slashed Hungary’s credit note, sending the economy to ‘junk’ status for the first time since 1996. The forint plummeted against the euro, while the government in Budapest complained of a ‘financial attack’ against the economy.
LUXEMBOURG - Agence France-Presse
Euro finance ministers’ head Jean-Claude Juncker rejected Monday any debt crisis solutions that would divide the EU, reacting to German-French ideas for an inner eurozone club.
NEW DELHI - Agence France-Presse
India announced on Nov. 25 that plans to open its vast retail sector to global supermarket chains will create millions of jobs after the cabinet approved the reforms.
Turkey could increase its total exports by focusing on innovation to reach the country’s export target of $500 billion by the 100th anniversary of the Republic of Turkey and cut the current account deficit, according to the head of Turkey’s leading exporters’ association yesterday.
ISTANBUL - Anatolia News Agency
Turkey should increase trade relations with Saudi Arabia, Turkish Economy Minister Zafer Çağlayan said Nov. 25 at the eighth Trade and Corporate Client Conference organized by the Saudi Arabian National Trade Bank in Istanbul.
Turkey will open science centers in every province by 2013, the 100th anniversary of the modern republic, according to the country’s Science, Industry and Technology Minister Nihat Ergün.
ISTANBUL - Hürriyet Daily News
The eurozone crisis is ‘a ticking time bomb’ that lies at Turkey’s doorstep, according to Daren Acemoğlu, a Massachusetts Institute of Technology professor who is ranked among the world’s top economists. Speaking to the Hürriyet Daily News, Acemoğlu urged the Turkish Central Bank to raise interest rates to create room to maneuver later