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Admin TOA

Turkey's Economy Grows 11% in First Quarter

Image Turkey's economy grew 11 percent in the first quarter of 2011, Turkish Statistics Institute said on Thursday. The economy had grown 9.2 percent in the last quarter of 2010, and 8.9 percent throughout the previous year, higher than the expectations of the government. Turkey's GDP was up 17.9 percent in current prices and reached 284.8 billion Turkish liras-TL (175.4 billion USD). In constant prices, Turkey's economy grew 11 percent and reached 25.8 billion TL (15.8 billion USD).
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Turkish Scientists Discover Gene Causing Progressive Kidney Disease in Kids

Image A group of Turkish scientists have discovered a gene that causes end-stage kidney disease in children.

Dr. Fatih Ozaltin and his team from Ankara's Hacettepe University discovered a "PTPRO" gene which causes end-stage renal failure in children, as part of a project funded by EU'S 6th Framework Program and the Scientific & Technological Research Council of Turkey (TUBITAK).

Turkish scientists detected the gene while examining families with a history of first-degree consanguineous (blood-related) marriage.

The study named "Disruption of PTPRO Causes Childhood-Onset Nephrotic Syndrome" has been published in the latest edition of The American Journal of Human Genetics as well.
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US-based MetLife Acquires Turkish Insurance Company

Image Denizbank, a Turkish lender largely owned by Europe’s Dexia, has agreed to sell its insurance operations in Turkey for 161.9 million euros to U.S.-based Metlife, a statement from the lender said Monday. According to the agreement on sales of 99.86 percent of stake, Denizbank branches will continue to sell Metlife’s individual retirement and life insurance policies for 15 years.
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Turkish Businessman Decorated with Excellent Order of Britain

Image A statement by Koc Holding said on Wednesday that Turkey's Koc Holding Honorary Chairman Rahmi Koc would receive the award at a ceremony to be held this year.

British Embassy said in a statement that Rahmi Koc would be decorated with "Commander of the Most Excellent Order of the British Empire" for his great contributions to Turkish-British relations.
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