Istanbul Gazette News
The English Voice of Turkish News
Turkey becomes global power in construction
ANKARA, Turkey — An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways in a boom that's helping drive Turkey to record growth and bolstering its efforts to become a regional power broker.
Story Continues…
Turks in Tel Aviv Show Business Binds Israel to Ally
July 14 (Bloomberg) -- Five miles from the center of Tel Aviv, more than a dozen Turks wearing red shirts emblazoned with their national flag work to complete a 30-story residential tower.
Story Continues…
Yilmaz May Keep Turkey Rates at Historic Low as Growth Recedes
July 13 (Bloomberg) -- When Turkish Central Bank Governor Durmus Yilmaz drove interest rates to a historic low last November, economists said he might keep them there for half a year. Seven months later, there’s no sign he plans to budge from the current 7 percent.
Story Continues…
Crisis-hit soap opera business loses its charm in Turkey
Despite continuing success in ratings and increasing interest, making soap operas in Turkey is gradually losing its old charm and is no longer as lucrative a business as it was in the past.
Story Continues…
Nigeria's President: Turkey Is The Second Biggest Country Of D-8
Nigerian President Goodluck Jonathan said that his country hosted D-8 summit on Thursday, and Turkey was the second biggest country of D-8.
Story Continues…
Tourists to Turkey returning home after Karya bankruptcy
Karya Tour, the biggest Turkish tour operator in Hungary, has created a crisis management center after it declared bankruptcy Friday, leaving thousands of tourists stranded in the Mediterranean country.
Story Continues…
Shopping mall opens at Turkish-Georgia border
A new shopping center that will provide jobs to 300 people opened its doors Saturday on the Georgian border in the Black Sea province of Artvin.
Story Continues…
Facing euro rout, carmakers cry for help
The decline of the euro and the sovereign debt problems in EU countries make it very hard for Turkey’s carmakers to reach the annual export target of $18 billion, according to Orhan Sabuncu, president of the Automotive Industry Exporters Union. A cut in the special consumption tax and a cut in value-added tax for commercial vehicles is necessary, he says…
Story Continues…
ANKARA, Turkey — An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways in a boom that's helping drive Turkey to record growth and bolstering its efforts to become a regional power broker.
Story Continues…
Turks in Tel Aviv Show Business Binds Israel to Ally
July 14 (Bloomberg) -- Five miles from the center of Tel Aviv, more than a dozen Turks wearing red shirts emblazoned with their national flag work to complete a 30-story residential tower.
Story Continues…
Yilmaz May Keep Turkey Rates at Historic Low as Growth Recedes
July 13 (Bloomberg) -- When Turkish Central Bank Governor Durmus Yilmaz drove interest rates to a historic low last November, economists said he might keep them there for half a year. Seven months later, there’s no sign he plans to budge from the current 7 percent.
Story Continues…
Crisis-hit soap opera business loses its charm in Turkey
Despite continuing success in ratings and increasing interest, making soap operas in Turkey is gradually losing its old charm and is no longer as lucrative a business as it was in the past.
Story Continues…
Nigeria's President: Turkey Is The Second Biggest Country Of D-8
Nigerian President Goodluck Jonathan said that his country hosted D-8 summit on Thursday, and Turkey was the second biggest country of D-8.
Story Continues…
Tourists to Turkey returning home after Karya bankruptcy
Karya Tour, the biggest Turkish tour operator in Hungary, has created a crisis management center after it declared bankruptcy Friday, leaving thousands of tourists stranded in the Mediterranean country.
Story Continues…
Shopping mall opens at Turkish-Georgia border
A new shopping center that will provide jobs to 300 people opened its doors Saturday on the Georgian border in the Black Sea province of Artvin.
Story Continues…
Facing euro rout, carmakers cry for help
The decline of the euro and the sovereign debt problems in EU countries make it very hard for Turkey’s carmakers to reach the annual export target of $18 billion, according to Orhan Sabuncu, president of the Automotive Industry Exporters Union. A cut in the special consumption tax and a cut in value-added tax for commercial vehicles is necessary, he says…
Story Continues…