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Tuesday, September 13 2011 , Your time is 15:58:00
Turkey’s Rönesans Health Investment and Japan’s Sojitz have concluded a $1.5 billion (163 billion Japanese yens) financial deal with eight international investors for their joint city hospital in central Istanbul.
The Turkish government has sought to stem the economic fall-out from a growing diplomatic crisis with NATO ally Germany, noting that German investments in Turkey were fully guaranteed by both Ankara and its laws.
FRANKFURT/MOSCOW - Reuters
Germany’s Siemens tried to distance itself from a Crimean sanctions scandal on July 21, halting deliveries of power equipment to Russian state-controlled customers and reviewing supply deals.
The European Bank for Reconstruction and Development (EBRD) has said it providing a boost to the Turkish shipping industry with a 27.5 million euro loan to fast-growing sea transportation firm Alternative Transport that will help it realize its international potential.
The U.K. has informed Turkish officials that it would lift the electronics ban on flights from Turkey, state-run Anadolu Agency reported on July 20, citing diplomatic sources
ANKARA - Anadolu Agency
The number of newly established companies in Turkey rose by 8.5 percent year-on-year to reach 5,952 in June, the Turkish Union of Chambers and Commodity Exchanges (TOBB) revealed on July 21
The European Bank for Reconstruction and Development (EBRD) has said it invested the Turkish Lira equivalent of 75 million euros in a covered bond issued by Turkish lender Garanti Bank, in a bid to encourage a new source of funding for Turkish banks.
Project finance by Turkish banks is likely to decline to $12 billion this year, a drop of two-thirds from two years ago, as demand has been hit by lower energy prices and high financing costs, a senior executive at Garanti Bank said on July 20.
WASHINGTON - Agence France-Presse
Negotiations on reworking North America’s landmark free trade pact will begin next month in Washington, U.S. officials announced on July 19.
The United States on Thursday hit oil giant ExxonMobil with a $2 million fine for violating Ukraine-related sanctions at a time when Secretary of State Rex Tillerson was still in charge of the company.
LONDON - Agence France-Presse
EasyJet has secured an air operator’s certificate in Austria that will enable it to keep flying across the EU after Brexit, the low-cost carrier said on July 20, and lifted earnings guidance.
BERLIN - Reuters
It is extremely difficult for German companies to make investments in Turkey under the current political climate in the country, German Economy Minister Brigitte Zypries said on July 20.
Sefer Levent - ISTANBUL
Saudi Arabia’s Fawaz Abdulaziz Al Hokair Group has bought a 10 percent stake in the Turkish chain Simit Sarayı, specializing in the bagel-like bread product known as “simit,” for reportedly $100 million.