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Tuesday, September 13 2011 , Your time is 15:58:00
High interest rates are a tool of exploitation, President Recep Tayyip Erdoğan said on May 24, adding that he would ensure the issue is kept on the agenda
Russia is in contact with Turkey after Ankara imposed restrictions on Russian wheat supplies, Kremlin spokesman Dmitry Peskov told reporters on May 24, Reuters has reported
ATHENS - Agence France-Presse
The Greek parliament late May 18 adopted a new round of austerity cuts which the government hopes will secure a pledge of debt relief and loan disbursements by EU-IMF creditors this month.
Turkish authorities seized or appointed an administrator to a total of 879 companies worth 40.3 billion Turkish Liras ($11.3 billion) in assets in the eight months since the failed coup last July, the state fund that runs the firms said on May 24
The state of emergency that was declared in Turkey in the aftermath of the failed July 2016 coup is no hurdle for business, President Recep Tayyip Erdoğan said May 18 amid concerns from top business figures
Turkey and Russia signed a declaration in Istanbul on May 22 to remove restrictions on bilateral trade that were imposed after a jet crisis in 2015.
Turkey’s Competition Board has opened a probe into claims that recent hikes in fresh fruit and vegetable prices were caused by unfair competitive moves by some companies, citing extreme price increases in some products that have a significant share in the budgets of low and middle incomers
The Turkish government’s measures to ease skyrocketing prices are ready to be applied, amid aims to gradually bring down inflation rate to single digits again, a top official announced on May 22.
Arasya Atıksu plans to produce electricity from the 1.2 million tons of industrial wastewater sludge in Turkey together with a foreign investment fund, according to a statement by the company
The Organization of Black Sea Economic Cooperation (BSEC), which brings together the countries of the Black Sea, is seeking to keep in step with the changes around it after a quarter-century of development. The organization is looking to direct more attention toward projects, according to BSEC Secretary-General Michael B. Christides
The Turkish government ran a budget deficit of 17.9 billion Turkish Liras (around $5 billion) in January-April and 3 billion liras (around $843.5 million) in April, mainly due to a rise in state incentives to back the economy.
Greece told its EU-IMF creditors on May 21 there should be “no excuse” for delays to debt relief payments now that Athens has “fulfilled its obligations” with new austerity cuts.
China touts its new Silk Road as ‘a project of the century’ at a summit highlighting the country’s growing leadership on globalization, as Chinese President Xi announces funds of $124 bln for the project