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Last Business News from Turkey
 Last Business News from Turkey

  • Merkel presses Greece as another bailout deadline slips
    Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding political leaders.



  • Central bank expects lower inflation as TL gains value
    Turkey’s central bank on Monday said they expected the country’s inflation rates to decline through the following few months, stressing that the upward pressure on prices that has emerged from a weaker Turkish lira will be temporary.



  • Turkish firm to construct Europe’s tallest building in Moscow
    Major Turkish construction firm Ant Yapı has started building Plot 16-A in Moscow, which will be the tallest building in Europe when completed.



  • Turkish businessmen discover Russian textile market
    Turkish businessmen specializing in the textile sector discovered new potential in the Russian market and met with their Russian counterparts on a trip organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON) and the Association for Business and Friendship between the Russian Federation and Turkey (RUTİD).



  • Iranians struggle with sanctions as vote approaches
    Each day that he struggles to buy food for his family, vegetable seller Hasan Sharafi shoulders part of the burden of Iran's defiance of the West over its nuclear programme. He can hardly bear it.



  • China bars its airlines from paying EU carbon tax
    China announced Monday it will prohibit its airlines from paying European Union charges on carbon emissions, ratcheting up a global dispute over the cost of combatting climate change.



  • ALBA countries to pool funds in joint bank
    An eight-nation bloc of Latin American and Caribbean countries agreed on Sunday to deposit 1 percent of their international reserves into a jointly administered development bank as they seek to deepen economic cooperation.



  • Turkey eyes solution as Iran insists on ‘unfair gas price’
    A recent decision to take Iran to international arbitration is proof that Turkey is trying its best to remain at the bargaining table and to end an impasse over the price of gas it buys from the Islamic republic -- which it finds “unfairly high” -- while the latter is still adamant on keeping the rates unchanged, experts say.



  • Visit signals ‘happy end’ to FTA talks with South Korea
    Deliberations to ink a free trade agreement (FTA) with Turkey will “soon” conclude successfully, South Korean President Lee Myung-bak told reporters in İstanbul on Saturday, signaling that talks which have been ongoing for almost two years between the two countries will finally yield fruit.



  • Heavy snow brought flurry of activity to online sales
    Online stores were perhaps the biggest winners of last week’s bad weather as thousands of customers preferred staying at home and ordering merchandise via the Internet over taking the trouble to visit shopping malls amid heavy snowfall, market representatives have said.



  • Central bankers in the line of fire
    Central bankers should not only be above suspicion of wrongdoing, but also appear to be above it.



  • Greek debt talks 'satisfactory' but slow on labor deal
    A senior Greek official said late Saturday that debt talks needed to avoid bankruptcy in March have reached "a satisfactory level of agreement" but are being held up by a disagreement over drastic labor reforms.



  • Nigeria oil line on fire; militants claim attack
    An Eni SpA oil pipeline ruptured and caught fire as a militant group claimed responsibility for an attack in the region, their first alleged assault in months as its purported leader awaits trial on terrorism charges in South Africa.



  • Hungary seeks 15-20 billion euro IMF/EU credit line
    Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying.



  • China's Wen says country has stake in helping Europe
    China has a stake in helping euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as a market and hinting at more possible support for beleaguered exporters.



  • Chavez: Iran sanctions hurt joint auto venture
    Venezuelan President Hugo Chavez said Saturday that international sanctions on Iran are impeding some of his country's business deals with Tehran.



  • Eurozone insists no Greek rescue without reforms
    Eurozone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from the eurozone and the IMF.



  • No longer migrants, Euro-Turks strive for continent’s future
    The story is known to many Turks living in Brussels; it is told as a joke when families or friends come together.



  • A tale of two technocrats: paths diverge for Greece and Italy
    Greek Prime Minister Lucas Papademos and Italy’s Mario Monti were appointed within days of each other last November to replace politicians who took their countries to the brink of financial collapse.



  • Germany delays fulfillment of double taxation agreement
    Businesses and retirees continue to pay taxes in both Germany and Turkey as Germany prolongs the implementation of an agreement with Turkey which will lift double taxation on the citizens of both countries, whether they reside in Turkey or Germany.



  • Rattling the Renminbi
    BEIJING -– From July 2005 until this past December, China’s renminbi (RMB) appreciated steadily.



  • Everything I know about business I learned at McDonald’s
    Paul Facella and Adina Genn wrote about leadership in their book, “Everything I Know About Business I Learned at McDonald’s.”


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