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"There are 5.2 million Turks living in the 27 countries of the European Union. This 5.2 million population numbers close to the population of Denmark and is almost twice the population of the Baltic states. European Turks are basically the 28th country of the European Union. Based on population, they would even be the 19th country in the union." View items...

Turkey (106)

"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." View items...

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."


Turkish Bank Sale Drags Citi's Net Down 12 Percent

NEW YORK (AP) - Citigroup's net income fell 12 percent in the second quarter partly due to a loss on the sale of its stake in a Turkish lender. The income of $2.9 billion was still better than analysts were expecting. Citi is one of the largest international banks in the world and its results are often seen as a gauge of how the global economy is doing. Investors are particularly concerned about recent signs of a slowdown in China and India, two large markets for Citi. Citi's consumer banking business in Asia and Latin American barely declined by less than one percent.

Lebanese bank to double investment in Turkey

Odea Bank, the Turkish unit of the Lebanese Bank Audi, will increase its capital from $300 million to at least $600 million, said the bank’s General Manager Hüseyin Özkaya, according to Hürriyet. Noting that the establishment preparation continues at full steam, Özkaya said, “We are going through a very serious test phase. We test everything – the system, preparations, everything once again. All these [works] necessitate investment. There are indications from the investor that the investment will be constant. We have shared all our works particularly with the group chief executive officer Samir Hanna. The investor has promised us that the amount of capital or funds that we want will be provided. We may at least double the current $300 million. We are talking about $1 billion investment here,” he said.

Turkish Investors in Uganda for Business Forum

Over 200 Turkish businessmen are to participate in a four-day business forum starting today in Kampala. The forum aims at linking the buyer to the original seller or the manufacturer of Turkish products.  The secretary general of Uganda Turkish Business Association, Lokman Ginar, explained that more Ugandan businessmen have been conned by middlemen.

Rise of the Turkey, India, Mexico, Brazil and Indonesia (TIMBI)

ImageBy Jack A. Goldstone (Foreing Policy) - Forget the BRICs. The real economies that will shake up the world over the next few decades need a new acronym. Nov. 30 marked the 10th anniversary of Goldman Sachs economist Jim O'Neill's anointing of the BRIC economies -- Brazil, Russia, India, and China -- as the future leaders of the global economy. Yet 10 years on, the notion of the BRICs already seems out of date. In China and Russia, demographic patterns have shifted. Their working-age populations are declining, as are exports, while still-rigid political systems stifle free thought and hamper technical advance.
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