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	<title>Turkey Financial News</title>
	<link>http://www.turkeyfinancial.com/news</link>
	<description>Business and finance news from Turkey</description>
	<lastBuildDate>Fri, 18 Jul 2008 07:33:41 +0000</lastBuildDate>
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		<title>Interest growing in Turkey&#8217;s nuclear power plant project</title>
		<description><![CDATA[The number of the companies and consortiums seeking to take part in Turkey&#8217;s first nuclear power plant project has increased to eight, with the Chinese Nuclear Power Components Co. and Dutch Unit Investment N.V. purchasing bid specifications.
Turkish Electricity Trading and Contracting Company (TETAŞ) had initiated a tender for the construction and operation of a nuclear [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/18/interest-growing-in-turkeys-nuclear-power-plant-project/</link>
			</item>
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		<title>Baku-Tbilisi-Ceyhan oil pipeline passes 400 million barrel milestone</title>
		<description><![CDATA[The Baku-Tbilisi-Ceyhan (BTC) oil pipeline has transferred 418 million barrels of crude oil since it started operations in 2006, BTC Oil Pipeline Company Turkey General Manager Can Suphi has said.
Suphi noted that the daily capacity of the BTC pipeline is 1 million barrels, adding that the line is operating near full capacity, with daily transfer [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/18/baku-tbilisi-ceyhan-oil-pipeline-passes-400-million-barrel-milestone/</link>
			</item>
	<item>
		<title>Carlyle Group makes first investment in Turkey</title>
		<description><![CDATA[The world&#8217;s leading private equity firm, the Carlyle Group, announced that it has bought 50 percent of shares in the TVK Shipbuilding Industry Trade Inc., which specializes in building chemical tankers.
This investment, concluded on Wednesday and approved by the Competition Board, is the first investment made by the Carlyle Group in Turkey.
Carlyle Group Turkey General [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/18/carlyle-group-makes-first-investment-in-turkey/</link>
			</item>
	<item>
		<title>Gulf company enters Turkey with Demas International</title>
		<description><![CDATA[Gulftainer, the second biggest port operator in the United Arab Emirates, has acquired a 50 percent share of the Turkish logistics company Demas International for 10 million euros.
Demas International, a freight company providing services in land, air, sea and rail transportation, is affiliated with Sedef Holding, whose majority share in Demas was owned by Demir [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/18/gulf-company-enters-turkey-with-demas-international/</link>
			</item>
	<item>
		<title>Eight companies bidding for Turkey&#8217;s nuclear plant</title>
		<description><![CDATA[Eight companies and consortiums have so far received specifications for Turkey&#8217;s first nuclear power plant tender, a senior Turkish official said on Thursday
&#8220;China Nuclear Power Components from China and Unit Investment N.V. from the Netherlands are the last two companies that have received specifications to construct and operate a nuclear power plant in the Mediterranean [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/17/eight-companies-bidding-for-turkeys-nuclear-plant/</link>
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		<title>Abramovich to place order for second Turkish yacht</title>
		<description><![CDATA[Russian billionaire Roman Abramovich, especially famous for his ownership of British Premier League soccer club Chelsea, is planning to order a second yacht from Turkey, after being impressed by the technology and craftsmanship of his first one.
Ada Marine Group Executive Board President Murat Bilican recalled that the Russian tycoon had initially purchased an ABY 36 [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/17/abramovich-to-place-order-for-second-turkish-yacht/</link>
			</item>
	<item>
		<title>Verbund, Sabancı advance in energy</title>
		<description><![CDATA[ Verbund, Austria&#8217;s biggest utility, and Turkish partner Sabanı Holding are planning to expand in Turkey by building power plants and buying distribution grids. In order to accopmlish its plans the venture was granted a 1-billion-euro ($1.6 billion) loan by the World Bank&#8217;s International Finance Corp., Akbank and WestLB. “Our goal is to buy at [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/17/verbund-sabanci-advance-in-energy/</link>
			</item>
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		<title>Turkey reaches year-on-year export target</title>
		<description><![CDATA[Turkey&#8217;s year-on-year exports surpassed $125 billion and have reached the target for this year, a state minister announced yesterday.
   Exports rose 35 percent between Jan. 1 and July 15, State Minister Kürşad Tüzmen told the Anatolia news agency. Industrial products exports reached $64 billion in the first half of the year, Tüzmen said, [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/17/turkey-reaches-year-on-year-export-target/</link>
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		<title>Turkey&#8217;s economy forecasts $12-14 bln in FDI inflows in 2008</title>
		<description><![CDATA[Turkey’s state minister, Mehmet Simsek forecast on Monday around 12-14 billion dollars of foreign capital flow in Turkey in 2008.
Turkey&#8217;s economy forecasts $12-14 bln in FDI inflows in 2008.
&#8220;Turkey forecasts a net foreign capital inflow of $12-14 billion this year,&#8221; Simsek told an Anatolian Agency correspondent.
Turkey was planning to draw gross $18 billion of direct [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/14/turkeys-economy-forecasts-12-14-bln-in-fdi-inflows-in-2008/</link>
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		<title>Britons prefer Turkey as holiday destination, survey reveals</title>
		<description><![CDATA[Turkey has dislodged Spain from its position as favorite British tourist destination, as the overvalued euro has rendered vacations in Spain quite costly, a recent survey has shown.
UK newspaper the Daily Telegraph published the results of the survey, which was conducted by independent travel group Cooperative Travel on 200,000 Britons.
The daily identified the new situation [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/14/britons-prefer-turkey-as-holiday-destination-survey-reveals/</link>
			</item>
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		<title>Turkey expects $30 billion trade volume with normalized Iraq</title>
		<description><![CDATA[Foreign Trade Minister Kürşad Tüzmen has said Iraq would become a neighbor with an annual oil revenue of over $250 billion once stability is achieved in the country and that the total trade volume between Turkey and Iraq would reach $30 billion as Iraq becomes normalized.
Trade volume between the two countries in the first six [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/14/turkey-expects-30-billion-trade-volume-with-normalized-iraq/</link>
			</item>
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		<title>US company applies for Black Sea oil exploration permit</title>
		<description><![CDATA[Energy and Natural Resources Minister Hilmi Güler has stated that an American oil company has put in a request with his ministry to perform oil exploration in the Black Sea. 
Speaking to the press on Saturday during his visit to İzmir for the opening of the Yuntdağı Wind Energy Power Plant (RES), Güler said Turkey&#8217;s [...]]]></description>
		<link>http://www.turkeyfinancial.com/news/2008/07/14/us-company-applies-for-black-sea-oil-exploration-permit/</link>
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