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Çağlayan calls IMF issue a sign of Turkey’s economic strength
Çağlayan calls IMF issue a sign of Turkey’s economic strengthForeign Trade Minister Zafer Çağlayan said on Sunday that Turkey had been passing through a political, social and economic stress test over the past couple of years and that its resilience against the recent global economic crisis without having to commit to an International Monetary Fund (IMF) anchor was a clear sign of its strength.

‘Turkey will benefit from not signing an IMF stand-by deal′
‘Turkey will benefit from not signing an IMF stand-by deal′Amid current discussions on the repercussions of the suspension of negotiations on a stand-by deal with the International Monetary Fund (IMF) in the Turkish business world, Eczacıbaşı Holding CEO Bülent Eczacıbaşı has said the decision was “right to the point” and will be for Turkey′s benefit.
Kuwaiti emir to invest $3 bln in Turkey
Kuwaiti emir to invest $3 bln in TurkeyUğur Akkuş, the group president of Şems Foreign Trade Industry Ltd., the official consultants of Kuwaiti Emir Sheikh Sabah IV al-Ahmad al-Jabir al-Sabah in Turkey, has said preparations to launch three or four giant projects in Turkey worth $3 billion will be completed shortly.
TÜSİAD calls off US visit, says it would be ‘unfruitful’
The Turkish Industrialists and Businessmen’s Association (TÜSİAD) has called off a trip to the US scheduled for March 16-17, arguing that it would be tainted by current tension between Ankara and Washington.
Germany’s Angela Merkel considering charge on banks
Germany is working on various possible schemes, including bank charges, to ensure taxpayers do not have to pay for the risks taken by banks in the future, German Chancellor Angela Merkel told a German weekly magazine.

Strike threatens BA’s future
British Transport Secretary Andrew Adonis urged cabin crew at British Airways on to call off their planned strikes this month, saying it threatened the company’s very existence.
Gov’t reveals R&D incentive for SMEs
The government has revealed its plans to introduce a new package to encourage small and medium-sized enterprises (SMEs) to merge to receive research and development (R&D) support from the government.

Argentina’s government sees swap of defaulted debt in March
Argentina aims to restructure before the end of March $20 billion in defaulted bonds left over from the country’s historic debt crisis eight years ago, a government official said on Saturday.

Chinese premier wen defends assertive trade, foreign policy
Chinese premier wen defends assertive trade, foreign policyChina vowed Sunday to remain alert to any renewed signs of economic crisis and forcefully defended its currency, trade and more assertive foreign policies as helping global rebalancing, not undermining it.



Healthcare overhaul will pass, aide says
A senior White House adviser said on Sunday that President Barack Obama would get the votes necessary to pass a sweeping overhaul of the US healthcare system.
Anadolujet to hire 2,000 workers
Anadolujet, the low-cost subsidiary of Turkish Airlines (THY), expects to provide jobs for 2,000 people before the end of this year, a company official announced on Sunday.
European finance ministers to agree on Greek aid
Euro zone finance ministers are likely to agree on Monday on a mechanism for aiding Greece financially, if it is required, but will leave out any sums until Athens asks for them, an EU source said on Saturday.
Turkey and the IMF: the beginning of a new era
Wednesday′s call for the suspension of prolonged talks over a possible stand-by deal by both the Turkish government and the International Monetary Fund (IMF) is considered a breakthrough in the Turkish economy, marking the beginning of a new era in 49 years of relations with the fund, observers agree.
OECD calls for Turkey to cut incentives for early retirement
Turkey’s path to long-term growth requires major and politically difficult reforms, including the elimination of incentives for early retirement and the introduction of legislation to foster temporary employment, says the Organization for Economic Cooperation and Development (OECD).
15 more Turks make Forbes’ billionaires list to hit 28
Internationally acclaimed finance and economics magazine Forbes revealed its billionaires’ list yesterday, with 28 Turks making the cut, up 15 from last year.
İstanbul’s outlying districts come to fore with new developments
With recent investment projects and more to come, İstanbul’s Pendik, Şerifali, Çekmeköy, Bayrampaşa and Silivri districts have attracted a great deal of attention as regions with potential for further development in the near future, despite being located at a distance from the city center, a recent survey has shown.

Report: Airbus, engine group seek damages
A German newspaper reports that Airbus’ military arm and the engine-making consortium for the A400M transporter plane are seeking hundreds of millions of euros from each other in a dispute over delays to the project.
Yıldız: New working group to decide fate of nuclear plants
Natural Resources and Energy Minister Taner Yıldız has expressed his ministry’s determination to build Turkey’s first nuclear power plant, stating that a new working group will start to draw up an internal report to assess the viability of progressing in the regions under consideration.

Current account deficit multiplies sixfold to $2.96 billion in January
Turkey’s current account deficit totaled $2.96 billion in the first month of the year, up from $491 million in the same month of the previous year, representing a more than sixfold surge.

Dinçer: Occupational accidents cost Turkey TL 4 billion
Labor and Social Security Minister Ömer Dinçer has said that the cost of occupational accidents is estimated to be TL 4 billion a year, a figure expected to be reduced with the introduction of new projects to improve working practices.
Greece hit by strikes over austerity measures
Greek police fired tear gas to disperse protesters throwing rocks and firebombs outside Parliament as more than 20,000 people marched through central Athens during a nationwide strike against the government’s harsh new austerity measures.

TÜPRAŞ enjoys 88 percent increase in 2009 net profit
Stand-by deal between Turkey, IMF unlikely as parties call off talks
Political turmoil currently on minds of investors in Turkey
No place for populist economic policies in Turkey, says Babacan
İstanbul tops European cities in real estate development
Industrial employment falls 6.8 percent in fourth quarter
Rahmi Koç breaks leg during skiing accident
State vs. people rupture narrows in Southeast with support programs
Auto sector increases production by 89 pct in first two months
Turkey at ITB Berlin in bid to increase number of tourists
‘Balance should be found between malls and small shops’
Korea, Turkey to cooperate on Sinop nuclear power plant
Turkish business leaders ready to act on low-carbon economy
MoU to foster cooperation between Korean, Turkish contractors
Turkey, drug makers in talks over unused swine flu vaccines
Turkish-British commerce chamber elects new head, vice president
Turkish investors regain confidence, survey finds
IMF chief says world must prepare for next crisis
UAE gov’t backs Dubai; Abu Dhabi help may lag
EU finance ministers to agree on end of anti-crisis moves
China: US assets should not be ‘politicized’
EU warns US against protectionism in deal
Kuveyt Türk enjoys 22 percent increase in profits for 2009
Borusan posts $220 mln profit in 2009
Industrial production breaks free from crisis with 14.3 pct rise
Turkey makes largest amount of gold jewelry exports to UAE in 2009
Turkey’s gender inequality ‘bad apple’ in OECD bushel
EU considers its own crisis fund
IMF’s Strauss-Kahn says Greek debt problems unlikely to spread
BIS-Icesave deal likely, expected to free IMF funds
‘Ban on tuna trade detrimental to Turkish commerce’
Consortium hails ratification of deal
China cautions against expecting fast yuan rise
Türk Telekom receives 222 mln euro loan from Halkbank
More people fail to repay credit card, loan debt
THY to add 20 new Boeing aircraft to its fleet
Soccer federation organizes matches for Women’s Day
Female labor force participation still weighty problem for Turkey
‘US unlikely to jeopardize strategic partnership’
Turkish banks multiply profits throughout sector
Firms get US gov’t money despite Iran work
Iceland votes ‘no’ to $5.3 billion debt deal for collapsed bank
China to keep yuan basically stable in 2010
Koç: Economic situation still critical
Greece’s Papandreou seeks French backing to tackle debt crisis
TL 14 billion in taxes not paid by 812 taxpayers
Ziraat Bankası posts its highest net profit in one century
Ergün: Turkey making progress in patent rights
Tekel workers change minds, demand applications for 4/C be ignored
Tender for construction of foreign guests hall in Esenboğa to be launched
Tüzmen: Turkey will retain export records
Turkey, South Korea anticipate study on nuclear power plant
31 new restaurants to mark McDonald’s largest expansion in Turkey
Central bank: Inflation to remain high until end of 2010
Minister warns fuel smugglers of government crackdown
İstanbul tax office in search of new geese for the coop
German deputies recommend Greece sells islands to clear debts
Country desks on the way for 33 nations
Efficient infrastructure investments could be realized through PPP
Turkey earns $825.9 mln from hazelnut exports
Şimşek: Tax information exchange deal to be signed with Switzerland
Signs of recovery as exports soar by 20 pct in February
Toyota to resume production of Corolla in Adapazarı
Bologna a new destination for THY
Clear legislation needed for renewable energy investments
Akfen breaks Turkish record by issuing TL 100 mln in bonds
Shopping malls enjoy 16 pct rise in January turnover
Akio Toyoda apologizes to China over company’s global recalls
GSM operators criticized over poor mobile Internet services
Turkey 14th among countries with highest taxes on tobacco
Tekel workers gain time with court ruling
European Union tells Greece to do more on budget, markets improve
‘Tsunami may follow major quake in İstanbul’
PM Erdoğan blames elite for harming country’s interests
German electronics chain to expand in Turkish market
Incentive for textile sector causes huge tax losses in fuel sales
China says moving to enforce greenhouse gas targets
France mulls ban on state debt CDS
Rural population falls to 25.4 pct
Germany reaches deal over wage
Minimum wage negotiation marathon begins today at Labor Ministry
Non-performing loans rise by 100 pct
Sabancı to bid for nuclear tender only if specifications satisfactory
Poultry sector jolted with TL 27.6 mln antitrust fine
Yıldırım: YouTube should open an office in Turkey
Report: Court rejects Doğan stay request
Ak-Can purchases six state-owned sugar refineries
Over 180,000 small and medium-sized enterprises apply for loan package
UN: 2000-2009 could be Earth’s warmest decade ever
Natural gas distributor Başkent clears debt to BOTAŞ






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