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 Head of Turkish union of chambers re-elected deputy chairman of Eurochambres
The president of the Turkish Union of Chambers and Commodity Exchanges (TOBB), Rifat Hisarciklioglu, was re-elected deputy chairman of the Association of European Chambers of Commerce and Industry (Eurochambres). |
 A 450 billion transformation
With Prime Minister Erdoğan’s announcement “We will demolish all illegal buildings and will rebuild them” begins the largest construction move in the history of the Republic. Out of the 19 million buildings presently in Turkey, 8.5 million buildings will be rebuilt. The market derived from this equates to 450 billion liras. |
 Turkish economy minister holds talks in Turkmenistan
Turkish Economy Minister Zafer Caglayan attended on Thursday ceremonies to mark the 20th anniversary of Turkmenistan´s independence. |
 Electricity grid acquisition fails again
Turkey’s bids to privatize electricity distribution grids nationwide have been wholly unsuccessful as Boğaziçi Elektrik, the company that won the tender for electricity distribution in Istanbul, failed to make due payments on time, Turkey’s Privatization Administration (OİB) announced Oct. 31. |
 Few buildings in eastern Turkey insured against quakes
The magnitude 7.2 earthquake that struck the eastern province of Van, killing more than 1,000 people and destroying dozens of buildings, has shown that the implementation of a compulsory state earthquake insurance program is particularly low in the country’s eastern and southeastern regions. |
 Foreign exchange resevers fall
The gross foreign exchange reserves of the Turkish Central Bank had dropped to $82.3 billion as of Oct. 21, the bank announced yesterday. |
 Turkish trade minister completes talks in Batumi
Turkish Customs and Trade Minister Hayati Yazici completed his talks and departed from Batumi, Georgia on Thursday. |
 Insurance Loss from Turkey Earthquake Could Reach $200M
Despite the devastation and billions of dollars in economic damage that Turkey has suffered from Sunday’s 7.2 magnitude earthquake, the insurance industry’s burden should be minimal with one loss estimate at up to $200 million. |
 Realty sector confidence falls, capacity usage up
Turkey’s realty sector confidence index dipped 10.5 points to 101.9 month-on-month in October 2011, according to data released by the Central Bank yesterday. |
 A great difference in Turkish-U.S. relations, says chairperson of Turkish top business association
Chairperson of Turkish top business association has said that there was a great difference in Turkish-US relations currently compared to the previous period. |
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