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 Renaissance buys Turkish brokerage firm
Renaissance Capital, the leading emerging markets investment bank, has agreed to acquire Istanbul-based brokerage firm Mira Menkul Değerler as part of its expansion into the Middle East and North Africa region, according to reports. |
 Turkish success closely linked to recovery in Greece and Italy
Turkish and global economies depend on the success of newly established Italian and Greek governments in saving the countries from crisis, a former Turkish minister says |
 Economy Minister Çağlayan in India to boost Turkish trade
Turkish Economy Minister Mehmet Zafer Çağlayan opened a Turkish trade exhibition in India on Tuesday and had discussions with Indian counterparts.Çağlayan inaugurated the Turkish Products Exhibition, hosted by the İstanbul Chamber of Commerce (İTO) and met with Prithviraj Chavan, the chief minister of Maharashtra, India’s richest state, and Indian business leaders to boost trade ties with the country. |
 Turkey assumes position of chair of ministerial council of OECD in 2012
Turkey has assumed the position of chair of the ministerial council of the Organisation for Economic Co-operation and Development (OECD) for the year 2012. |
 Government plan ready to sell ‘unqualified’ land
Unqualified state land will be subject to sale after new related legislation is approved by the Turkish parliament, generating revenues of 26 billion Turkish Liras. |
 Turkish firm transforms used diesel-engine taxi into electric car
The Turkish firm Mekatron, an industrial electric/electromechanical systems company based in an organized industrial zone in Ankara, turned a Hyundai Accent -- which used to be a taxi -- into a vehicle capable of operating with an electric engine. |
 Drug firms say layoffs on the way by yearend
Drug companies in Turkey might resort to serious layoffs by the end of 2011, following a recent government decision to decrease drug prices. |
 Year-end current account deficit up to 73.6 billion USD
The Central Bank of Turkey projected on Friday the year-end current account deficit around 73.6 billion USD. |
 Turkey not sheltered against wave of European debt crisis
The Central Bank’s revised forecasts on the current account gap and inflation reflect the weak sides of the Turkish economy. A possible recession in Europe, Turkey’s top trade partner, may turn these problems to big woes. |
 Ex-UNDP head Derviş: Europe needs to further integrate to save euro
Former head of the UN Development Program (UNDP) Kemal Derviş says EU members must understand that they need to push for a further pooling of their national autonomy to save the euro from a likely collapse in the medium-term. |
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