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Tuesday, September 13 2011 , Your time is 15:58:00
In a bid to resolve a trade row with Russia, Turkey has proposed Moscow lifts its ban on imported Turkish tomatoes during periods when Russian growers are unable to produce their own.
A court has rejected an objection by online reservation website Booking.com against a suspension of its activities in Turkey. The site was suspended in March due to following accusations of a local sector association
Turkey’s largest mobile phone operator Turkcell’s annual general meeting on May 25 approved the distribution of a three billion lira ($841 million) dividend, a company official has told Reuters.
BEIJING - Reuters
China’s structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody’s said.
NEW DELHI - Agence France-Presse
India’s cabinet on May 24 approved a long-awaited policy to boost local manufacturing of high-tech defense equipment and cut down reliance on expensive imports.
The Turkish Aerospace Industries (TAI) has announced the signing of a $292 million production deal with aircraft parts maker Spirit AeroSystems Holdings Inc.
ANKARA/İZMİR - Anadolu Agency
The newly-inaugurated OrmaTurk company in the Aegean coastal city of İzmir will bring geothermal plant equipment know-how to Turkey’s geothermal industry, the U.S.-based parent company’s chief executive said on May 23.
The Turkish Economic Confidence Index rose 1.1 percent to 100.5 points in May, hitting the highest level since November 2015, official data showed on May 26.
Turkey attracted $2.8 billion net foreign direct investment (FDI) in the first quarter of the year with a 1.9 percent year-on-year increase, data from the Economy Ministry showed on May 23.
The founding family members of Turkey’s Koç Holding and some non-management members of the family of another leading conglomerate, Sabancı Holding, have decided to sell stakes in the firms.
The government restructured a total of 120 billion Turkish Liras ($33.6 billion) public receivables and tax debts in a recent plan, Finance Minister Naci Ağbal said on May 24.
ANKARA - Anadolu Agency
Turkey’s Economy Ministry on May 24 denied media claims that the country had imposed restrictions on imports of Russian agricultural products.
ISTANBUL - Reuters
Turkey’s banking sector loan growth may exceed 15 percent this year, lower than an expectation of some 20 percent, Iş Bank chief executive Adnan Bali said on May 24, adding Credit Guarantee Fund-backed (KGF) loans may slow down in the rest of the year.