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 Turkish Central Bank strongly intervenes in currency market
Turkey’s Central Bank radically intervened yesterday in the foreign exchange market by selling at least $500 million in a confidential selling, the first of its type in five years. |
 Turkey will not be loser if EU does not open energy chapter to negotiations, says Energy Minister Yildiz
Turkish Energy and Natural Resources Minister Taner Yildiz said Thursday that Turkey would not be the loser if the European Union (EU) did not open the energy chapter to negotiations. |
 Rule triggers hot debate on boards of large firms
A Capital Markets Board rule that calls for independent members to be appointed to the boards of Turkey’s biggest companies has raised concerns that the government might be over-involved in management. |
 New budget forecasts expenditures around 350.9 bln TL
The draft budget of 2012 forecasts budget expenditures around 350.9 billion Turkish liras-TL (187.9 billion USD). |
 Turkey raises special consumption tax on autos
Turkey raised a special consumption tax on autos, cigarettes, alcohol and mobile phones on Thursday,hitting auto shares, in a move aimed at bringing in 5.5 billion lira ($3 billion) in revenues and curbing appetite for imports. |
 ‘Turkey safe haven for foreign investors’
Foreign direct investment (FDI) in Turkey will reach $12 billion by yearend, according to the International Investors Association (YASED). |
 Turkish economy minister says Turkey´s trade with Syria & Israel continues increasingly
Turkish Economy Minister Zafer Caglayan has said that Turkey´s trade with Syria and Israel continued increasingly. |
 Russia’s Sberbank eyes to buy Dexia’s crown jewel Denizbank
Russia’s biggest lender has accepts that it may big for Dexia’s Turkey unit Denizbank. Denizbank executives, by the way, think that cthe debt-hit Dexia won’t act quickly to sell its most precious unit. |
 Turkish firms can invest in Albania´s tourism sector, says Albanian president
Albanian President Bamir Topi said Tuesday that Turkish firms could invest in Albania´s tourism sector. |
 Turkey could save 10 bln liras on insulation, sector head says
Insulating all buildings in Turkey could save the country 10 billion Turkish Liras a year on heating and cooling costs, according to the vice chairman of the executive board of a leader industry association. |
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