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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>Mon, 19 Oct 2009 13:16:08 +0000</lastBuildDate>
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	<language>en</language>
	
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		<title>‘I would make equity investments in the Turkish economy&#8217;</title>
		<description><![CDATA[The Turkish economy has registered superb improvement in competitiveness in recent years and proven its potential as a magnet for international investors, world-renowned strategist Professor Michael Porter has said. Addressing a group of businessmen and reporters on Saturday at a conference organized by İşTcell, a Turkcell brand directed at corporate customers, Porter, director of Harvard [...]


Related posts:<ol><li><a href='http://www.turkeyfinancial.com/news/2008/08/26/turkey-still-a-magnet-for-private-equity-funds/' rel='bookmark' title='Permanent Link: Turkey still a magnet for private equity funds'>Turkey still a magnet for private equity funds</a></li><li><a href='http://www.turkeyfinancial.com/news/2007/02/13/turkish-economy-to-benefit-from-eu-7th-framework-program/' rel='bookmark' title='Permanent Link: Turkish economy to benefit from EU 7th Framework program'>Turkish economy to benefit from EU 7th Framework program</a></li><li><a href='http://www.turkeyfinancial.com/news/2008/02/19/caffe-nero-plans-to-counts-on-creating-turkish-delight/' rel='bookmark' title='Permanent Link: Caffe Nero plans to counts on creating Turkish delight'>Caffe Nero plans to counts on creating Turkish delight</a></li></ol>]]></description>
		<link>http://www.turkeyfinancial.com/news/2009/10/19/%e2%80%98i-would-make-equity-investments-in-the-turkish-economy/</link>
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		<title>Crisis recovery budget drafted without reference to IMF deal</title>
		<description><![CDATA[The central administration budget for 2010, which focuses on overcoming the economic crisis, was submitted for Parliament&#8217;s approval on Saturday and includes no specific reference to a potential stand-by deal with the International Monetary Fund (IMF).
Disclosing the details of the new budget at a press conference on Saturday, Finance Minister Mehmet Şimşek said Turkey had [...]


Related posts:<ol><li><a href='http://www.turkeyfinancial.com/news/2008/11/13/signs-of-recovery-seen-in-reduced-budget-deficit/' rel='bookmark' title='Permanent Link: Signs of recovery seen in reduced budget deficit'>Signs of recovery seen in reduced budget deficit</a></li><li><a href='http://www.turkeyfinancial.com/news/2008/07/11/budget-surplus-hits-ytl-19-billion-in-first-half/' rel='bookmark' title='Permanent Link: Budget surplus hits YTL 1.9 billion in first half'>Budget surplus hits YTL 1.9 billion in first half</a></li><li><a href='http://www.turkeyfinancial.com/news/2009/02/12/budget-deficit-soars-as-tax-revenues-drop/' rel='bookmark' title='Permanent Link: Budget deficit soars as tax revenues drop'>Budget deficit soars as tax revenues drop</a></li></ol>]]></description>
		<link>http://www.turkeyfinancial.com/news/2009/10/19/crisis-recovery-budget-drafted-without-reference-to-imf-deal/</link>
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		<title>Turkish mobile phone market keeps contracting</title>
		<description><![CDATA[The number of mobile phones sold in the first half of this year was down 8 percent over the same period of the previous year, thanks largely to an increased propensity for saving amid a global economic crisis, despite promotions offered by mobile operators, a recent survey has shown.
The Turkey division of the international research [...]


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		<link>http://www.turkeyfinancial.com/news/2009/10/19/turkish-mobile-phone-market-keeps-contracting/</link>
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		<title>Turkish Investment Summit takes off in London</title>
		<description><![CDATA[The Turkish Investment Summit opens at the Renaissance Chancery Court Hotel in London on Tuesday.
The three-day program will provide plenty of time for social networking, acquiring new contacts and discussing business with potential partners and clients.
Organized by the Turkish Embassy in London and the European Bank for Reconstruction and Development, the Turkish Investment Summit will [...]


Related posts:<ol><li><a href='http://www.turkeyfinancial.com/news/2008/08/01/investment-agency-takes-action-after-closure-case-verdict/' rel='bookmark' title='Permanent Link: Investment agency takes action after closure case verdict'>Investment agency takes action after closure case verdict</a></li><li><a href='http://www.turkeyfinancial.com/news/2007/06/18/bsecs-15th-anniversary-summit-to-be-held-in-istanbul/' rel='bookmark' title='Permanent Link: BSEC&#8217;s 15th Anniversary Summit to be held in İstanbul'>BSEC&#8217;s 15th Anniversary Summit to be held in İstanbul</a></li><li><a href='http://www.turkeyfinancial.com/news/2007/04/20/10th-eurasian-economic-summit-to-take-place-in-istanbul/' rel='bookmark' title='Permanent Link: 10th Eurasian Economic Summit to take place in Istanbul'>10th Eurasian Economic Summit to take place in Istanbul</a></li></ol>]]></description>
		<link>http://www.turkeyfinancial.com/news/2009/10/19/turkish-investment-summit-takes-off-in-london/</link>
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		<title>Italy, Russia, Turkey sign pipeline deal</title>
		<description><![CDATA[Italy, Russia and Turkey signed an agreement on building the Samsun-Ceyhan oil pipeline, according to Eni, Italy’s biggest oil company.
The project underscores a “joint commitment to enhance energy security,” according to a statement issued by Eni on Monday. The pipeline will run between Samsun on Turkey’s Black Sea coast and the Mediterranean port of Ceyhan.
The [...]


Related posts:<ol><li><a href='http://www.turkeyfinancial.com/news/2008/05/27/shell-to-be-partner-in-samsun-ceyhan-project-deal-in-june/' rel='bookmark' title='Permanent Link: Shell to be partner in Samsun-Ceyhan project, deal in June'>Shell to be partner in Samsun-Ceyhan project, deal in June</a></li><li><a href='http://www.turkeyfinancial.com/news/2009/10/05/turkish-state-firm-to-drill-black-sea-in-january/' rel='bookmark' title='Permanent Link: Turkish state firm to drill Black Sea in January'>Turkish state firm to drill Black Sea in January</a></li><li><a href='http://www.turkeyfinancial.com/news/2008/05/31/kazakh-oil-to-flow-into-turkey-after-historic-deal/' rel='bookmark' title='Permanent Link: Kazakh oil to flow into Turkey after historic deal'>Kazakh oil to flow into Turkey after historic deal</a></li></ol>]]></description>
		<link>http://www.turkeyfinancial.com/news/2009/10/19/italy-russia-turkey-sign-pipeline-deal/</link>
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		<title>European bank revises Turkey’s growth outlook</title>
		<description><![CDATA[The European Bank for Reconstruction and Development, or EBRD, which has been withdrawing gradually from Central European countries, plans to prioritize Turkey.
EBRD is the first international finance corporation, among many others, to revise Turkey’s economic growth in a positive direction.
The bank had published a report estimating Turkey’s 2010 growth to be 1 percent. The bank [...]


Related posts:<ol><li><a href='http://www.turkeyfinancial.com/news/2008/11/14/sp-revises-turkey%e2%80%99s-outlook-to-negative-downside-risks-dominate/' rel='bookmark' title='Permanent Link: S&#038;P revises Turkey’s outlook to negative, downside risks dominate'>S&#038;P revises Turkey’s outlook to negative, downside risks dominate</a></li><li><a href='http://www.turkeyfinancial.com/news/2008/08/01/standard-poors-revises-turkey-outlook-to-stable-from-negative/' rel='bookmark' title='Permanent Link: Standard &#038; Poor&#8217;s revises Turkey outlook to stable from negative'>Standard &#038; Poor&#8217;s revises Turkey outlook to stable from negative</a></li><li><a href='http://www.turkeyfinancial.com/news/2007/05/12/fitch-revises-turkeys-outlook-to-stable-on-political-risks/' rel='bookmark' title='Permanent Link: Fitch revises Turkey&#8217;s outlook to stable on political risks'>Fitch revises Turkey&#8217;s outlook to stable on political risks</a></li></ol>]]></description>
		<link>http://www.turkeyfinancial.com/news/2009/10/19/european-bank-revises-turkey%e2%80%99s-growth-outlook/</link>
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		<title>Groupama joins forces with two insurers</title>
		<description><![CDATA[Groupama, a leading European insurance, banking and financial services group, has decided to join forces with Turkey’s Başak Sigorta and Güven Sigorta under one brand in an attempt to expand operations in Turkey.
Becoming the third-largest insurance company, Groupama now aims to continue an ambitious investment plan with its Turkish branch. It announced last week the [...]


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		<link>http://www.turkeyfinancial.com/news/2009/10/19/groupama-joins-forces-with-two-insurers/</link>
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		<title>IMF chief: Growth of Turkish economy could exceed expectations</title>
		<description><![CDATA[If Turkey continues to pursue sound economic policies, its economy could perform better than current estimates, International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn said on Sunday.
Strauss-Kahn, who is currently in İstanbul to attend the 2009 Annual Meetings of the World Bank Group and the International Monetary Fund, noted that he expected the Turkish economy [...]


Related posts:<ol><li><a href='http://www.turkeyfinancial.com/news/2009/10/02/turkish-economy-may-contract-65-percent-says-imf/' rel='bookmark' title='Permanent Link: Turkish economy may contract 6.5 percent, says IMF'>Turkish economy may contract 6.5 percent, says IMF</a></li><li><a href='http://www.turkeyfinancial.com/news/2009/10/02/turkeys-quota-in-imf-to-be-increased-twofold/' rel='bookmark' title='Permanent Link: Turkey&#8217;s quota in IMF to be increased twofold'>Turkey&#8217;s quota in IMF to be increased twofold</a></li><li><a href='http://www.turkeyfinancial.com/news/2009/10/02/imf-chief-gets-bush-treatment/' rel='bookmark' title='Permanent Link: IMF chief gets Bush treatment'>IMF chief gets Bush treatment</a></li></ol>]]></description>
		<link>http://www.turkeyfinancial.com/news/2009/10/05/imf-chief-growth-of-turkish-economy-could-exceed-expectations/</link>
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		<title>Roubini advises IMF deal for Turkey</title>
		<description><![CDATA[Turkey does not ‘technically’ need a standby agreement with the International Monetary Fund, according to Professor Nouriel Roubini, who was among the first to predict the current global crisis. But, he says, a deal would give confidence to investors. ‘Instead of just waiting for a recovery in the European Union, Turkey should also diversify its [...]


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		<link>http://www.turkeyfinancial.com/news/2009/10/05/roubini-advises-imf-deal-for-turkey/</link>
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		<title>Turkish state firm to drill Black Sea in January</title>
		<description><![CDATA[Türkiye Petrolleri Anonim Ortaklığı, or TPAO, Turkey’s state oil company, will start drilling for crude oil in the Black Sea in January, Chief Executive Officer Mehmet Uysal said last week.
The company has invested $5 billion in the past 10 years to explore the Black Sea and has identified 10 drilling prospects with capacity to cover [...]


Related posts:<ol><li><a href='http://www.turkeyfinancial.com/news/2008/08/30/turkey-to-drill-seven-or-eight-oil-wells-in-black-sea/' rel='bookmark' title='Permanent Link: Turkey to drill seven or eight oil wells in Black Sea'>Turkey to drill seven or eight oil wells in Black Sea</a></li><li><a href='http://www.turkeyfinancial.com/news/2008/02/05/black-sea-oil-reserves-will-meet-turkeys-needs/' rel='bookmark' title='Permanent Link: Black Sea oil reserves will meet Turkey&#8217;s needs'>Black Sea oil reserves will meet Turkey&#8217;s needs</a></li><li><a href='http://www.turkeyfinancial.com/news/2008/09/01/turkey-talks-black-sea-oil-with-firms/' rel='bookmark' title='Permanent Link: Turkey talks Black Sea oil with firms'>Turkey talks Black Sea oil with firms</a></li></ol>]]></description>
		<link>http://www.turkeyfinancial.com/news/2009/10/05/turkish-state-firm-to-drill-black-sea-in-january/</link>
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		<title>Minister unveils plan to turn Istanbul into global finance center</title>
		<description><![CDATA[Discussed for months but never detailed, key points of a government plan to turn Istanbul into a global financial center were finally revealed by a top minister on Friday. 
Speaking at a press conference organized as part of the International Monetary Fund-World Bank annual meetings, Deputy Prime Minister Ali Babacan said Istanbul would soon become [...]


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		<link>http://www.turkeyfinancial.com/news/2009/10/05/minister-unveils-plan-to-turn-istanbul-into-global-finance-center/</link>
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		<title>Turkish FM: &#8220;Turkey seeks EU membership by 2015&#8243;</title>
		<description><![CDATA[Turkey is counting on joining the European Union by 2015 to bolster both its and the EU’s global role, Foreign Minister Ahmet Davutoğlu said on Friday. “Even 2015 is too late, not only for us, it will be too late for the EU as well,” Davutoğlu said at the European Policy Centre in Brussels.
The Turkish [...]


Related posts:<ol><li><a href='http://www.turkeyfinancial.com/news/2008/09/04/eus-piebalgs-seeks-political-push-for-nabucco/' rel='bookmark' title='Permanent Link: EU&#8217;s Piebalgs seeks political push for Nabucco'>EU&#8217;s Piebalgs seeks political push for Nabucco</a></li><li><a href='http://www.turkeyfinancial.com/news/2008/01/05/turkey-seeks-to-set-up-exclusive-investment-zone-in-syria/' rel='bookmark' title='Permanent Link: Turkey seeks to set up exclusive investment zone in Syria'>Turkey seeks to set up exclusive investment zone in Syria</a></li><li><a href='http://www.turkeyfinancial.com/news/2008/07/10/eu-membership-expected-to-increase-prices-in-turkeys-real-estate-market/' rel='bookmark' title='Permanent Link: EU membership expected to increase prices in Turkey&#8217;s real estate market'>EU membership expected to increase prices in Turkey&#8217;s real estate market</a></li></ol>]]></description>
		<link>http://www.turkeyfinancial.com/news/2009/10/03/turkish-fm-turkey-seeks-eu-membership-by-2015/</link>
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