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Turkey (101)

"The changes that Turkey went through following 2000, including the economic decisions that were made, are an important step. The reforms made in 2000 allowed Turkey to make great strides, despite the fact that it came at the top of the list of countries with high inflation and high interest rates. Powerfull businessmen from Turkey share their experiences and plans."

M&A Encumbered Risks Damping Hot Money Bond Party: Turkey Credit

Image Turkish company valuations at double those of peers augur another challenging year for mergers and acquisitions, leaving the country more dependent on so-called hot money to finance its current-account shortfall. M&A deals, which last year fell to 30 percent of their pre- financial crisis average, may struggle to overcome an increase in prices, according to Istanbul-based buyout firms Unlu & Co. and Turkven Private Equity. The enterprise value of listed Turkish companies is 9.5 times earnings before interest, tax, depreciation and amortization, more than double Russia and Poland, according to data compiled by Bloomberg. The MSCI Emerging Markets Index multiple is 7.4.
 

Mourners Pay Respects to NYC Mom Killed in Turkey

Image New York — AP - Friends and strangers came to pay their respects Thursday to a New York mother of two who was killed while vacationing alone in Turkey. The viewing for Sarai Sierra was held at Christian Pentecostal Church on Staten Island on Valentine's Day, which marked the 15th anniversary of Sierra's engagement to husband Steven, a New York City bus driver. The 33-year-old Sierra disappeared Jan. 21, and her body was discovered 12 days later near Istanbul's ancient city walls. Police say she suffered a fatal blow to the head.

Turkish Police Reportedly Hunt for homeless man suspected of Killing American Woman

Image Turkish authorities probing the murder of an American woman in Istanbul are reportedly hunting for a homeless man who may have attacked her near the city's ancient walls on the day she disappeared. Istanbul police are searching for the man, identified only as "Z," in their investigation into the death of 33-year-old Sarai Sierra, of Staten Island, N.Y., whose body was found Feb. 2 near remnants of the city's ancient walls, according to the Turkish newspaper, Vatan.

Sarai Sierra: A Passage to Turkey

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Sarai's family was visited by Turkish local association.
The mystery surrounding New York mom Sarai Sierra’s murder has not yet been solved. Like everybody else, I’m trying to figure out what went wrong. In no way do I want to say anything that might offend her memory or her family. If she had not been murdered, she would probably be telling her kids and relatives of her trip right now, showing her photographs to them. None of us would have heard her name... She would have been one of the happy 25 million tourists who visit Turkey. But something went wrong, she encountered brutality; under what circumstances, how and why, we do not yet know. Was her murderer(s) a pervert, a thief, a sniffer, a criminal she met through the web or is the reality something completely different from any option we’ve imagined so far?

Body of N.Y. Woman Murdered in Turkey Being Flown Home

Image (AP) ISTANBUL - Turkey's state-run agency says the body of a New York City woman killed while on a solo vacation in Turkey is being returned home. The Anadolu Agency says a casket carrying the remains of Sarai Sierra was loaded onto a New York-bound plane on Thursday. The agency said Turkish Airlines is transporting the body for free.

Body of NYC Woman Killed in Turkey to Return to US

Image AP - The body of a New York City mother of two who was killed in Turkey while on a solo vacation is being returned to the U.S. Sarai Sierra's remains are expected to arrive Thursday, the New York Daily News reported. Turkish Airlines is providing the transportation for free. A funeral home on Staten Island has offered free services, but the owner said it's unclear whether the family is accepting the offer. Sierra's husband, Steven, went to Istanbul after she went missing, and he's expected to return to New York on Wednesday to finalize arrangements.

Sierra'nin Ailesi Istanbul'da

Ali Cinar -2 Subat 2013 - Türkiye’ye 8 ocakta giriş yapan ve en son kendisinden 21 ocakta haber alınan ve sonra olu olarak bulunan  ABD vatandaşı Sarai Sierra gundemden dusmuyor.  Amerikalı Sarai Sierra’nın eşi Steven Sierra ve kardeşi David, Sierra’yı bulmak için İstanbuldalar suan.  Atatürk Havalimanı’nda gazetecilerin sorularını cevaplayan Sierra’nın eşi Steven Sierra, “Ben ve kardeşim geçen hafta kaybolan eşim Sarai Sierra’ yı bulmak için Amerika’dan gelmistik. Konsolosluğa gidiyoruz. Eşimden en son geçen pazartesi sabahı, 21 ocakta haber aldık. Eve geleceğinden dolayı heyecanlıydı. 22 ocakta Amerika’ya dönmesi gerekiyordu. Olum haberi bizi kahretti  dedi.

Credit Suisse Bank Cut Tempers Moody?s Optimism: Turkey Credit

By Taylan Bilgic & Benjamin Harvey - Credit Suisse Group AG (CSGN)’s downgrade of Turkish bank stocks is sobering sentiment for traders counting on a sovereign upgrade by Moody’s Investors Service to prolong the best bond rally in emerging markets. Credit Suisse cut its view on the country’s banks, saying lenders are “vulnerable to potential risk factors that the market has been neglecting,” according to an e-mailed report dated Jan. 25. The yield on the nation’s two-year notes rose for the first time in nine days, trimming the biggest rally among 17 emerging markets, as bank stocks tumbled.

Zuma Applauds New Turkish Mosque in South Africa

Image Johannesburg — South Africa's tourism is set to benefit from the first mosque built in South Africa to cater for the Turkish Islamic community, President Jacob Zuma said on Thursday. Speaking at the official opening of the mosque - a first on the continent of Africa and the largest religious complex in the southern hemisphere - Zuma said the facility will help create greater understanding and tolerance between diverse religions.

US Bank Guarantees $66 Million for Power Equipment Exports to Turkey

Image The US Export-Import Bank (Ex-Im Bank) has guaranteed $66.3 million to facilitate the export of American power plant to Bis Enerji Elektrik Uretim AS (Bis) of Turkey. Ex-Im Bank's financing will support more than 160 American jobs in Houston, Texas; Wellsville, N.Y.; Orlando, Fla.; and Lewiston, Maine. "Ex-Im Bank's loan guarantee affords the U.S. companies involved an opportunity to export their American-made products to a Turkish market hungry for electricity," said Ex-Im Bank Chairman and President Fred P. Hochberg. "Equally important is the loan guarantee's impact on American jobs, which will benefit from the increased business."

 
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