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Admin TOA

Turkey's Young Shoppers Choosing Malls Fuels Building Boom

Image (Bloomberg) -- Turkey, where jewelry, fabrics and spices have been haggled over in bazaars for centuries, was among the last European countries to embrace modern shopping centers. It’s catching up quickly. Property developers attracted by one of the youngest populations in Europe are building malls at a faster rate than in any other country on the continent except Russia. Istanbul, Turkey’s wealthiest and most populous city, is leading the way with about 30 centers in the pipeline.

Asil Nadir denies Polly Peck Theft Charges

Image (Reuters) - Turkish-Cypriot businessman Asil Nadir, who returned to Britain last August after 17 years abroad, on Thursday denied theft from his failed Polly Peck business empire on charges dating back to the 1980s. The 70-year-old tycoon pleaded not guilty at the Old Bailey to 13 charges, including theft of 33.1 million pounds and $2.5 million from the business between 1987 and 1990.
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