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Turkey to be 5th fastest emerging economy

Source : World Bulletin  / 14 Nov 2013

Turkey will be the fifth fastest emerging country amongst top twenty world economies at the end of 2013, Moody's recently published report said.

Turkey will reach a growth of 3-4 percent in 2013 and reach 3.5-4.5 % in 2014, the Global Macro Outlook 2013-15 report of Moody's announced.


Turkey in 41st place for English proficiency

Source : World Bulletin / 09 Nov 2013

Turkey’s English proficiency has improved more than any nation over the last six years, but is not enough to meet the country’s economic demands, is the finding of a report by Education First (EF) an international education company specializing in language training.

Turkeys has impoved its English proficiency by 11 percent since 2007 and ranks 41th out of 60 countries where English is not native language, the English Proficiency Index (EF EPI) report for 2013 found. “This is a positive trend, coming as the country continues to develop according to a number of economic factors.”


Largest Babylonian tablet found on Turkish-Syrian border

Source : Anadolu Agency | 02 Nov 2013

What could be the largest discovered inscribed tablet (stele), dating to the reign of Babylonian king Nebuchadnezzar II between 605-562 BC, has been discovered in the Turkish city of Karkamis on the military zone along the Turkey-Syria border.

Noting that the excavations sites are untroubled despite their proximity to the Syrian civil war, Dr. Nicola Marchetti said the Karkamis archeological museum is scheduled to open next year.


WHO cites Turkey as a reference in struggling smoking

Source : World Bulletin / 31 Aug 2013

Turkey, which the World Health Organization (WHO) cites to the world as a reference in the struggle against smoking, will explain to 28 countries how to conduct studies on tobacco control within the scope of a project which will include the contributions of the Turkish ministries of health and finance and the Turkish Green Crescent Association.


Protests, Ramadan dent growth in Turkish tourist arrivals in July

Source : Reuters / 24 Aug 2013

The number of foreign visitors arriving in Turkey grew at its slowest pace for eight months in July, as the impact of anti-government protests and the Muslim fasting month of Ramadan took their toll, data showed on Friday.

Foreign arrivals rose 0.48 percent year-on-year last month to 4.59 million people, according to the Tourism Ministry figures, the lowest rise since November. The number of visitors rose 4.93 percent the previous month.


Analysts: Turkey losing regional clout as Egypt crisis flares

Source : AFP / 16 Aug 2013

Turkey’s clout in the Middle East is taking a beating with the brutal sidelining of Egypt’s Muslim Brotherhood derailing Ankara’s hopes to lead a regional surge of Islamist political power, analysts say.

Turkey’s ruling Justice and Development Party (AKP) was an early supporter of the 2011 uprising that ousted Hosni Mubarak and subsequently nourished close ties with the Muslim Brotherhood.


Turkey gold exports to Iran resume despite tough U.S. sanctions

Source : Reuters / 30 Mar 2013

Turkey exported almost $120million worth of gold to Iran in February, data showed, suggesting the two countries’ trade of gold for natural gas has resumed despite tighter U.S. sanctions, though at levels below last year’s peaks.

U.S. officials have sought to prevent Turkish gold exports from providing a financial lifeline to Tehran, which has been largely frozen out of the global banking system by Western sanctions over its nuclear program.


Turkish hookah tradition

By AFP / 23 Feb 2013

Just like the centuries-old coffee tradition, the nargileh, or water pipe, is a mainstay of Turkish culture but authorities are clamping down on this ancient social ritual that health experts say is as harmful to health as smoking regular cigarettes.

Fans of the water pipe, also known as a hookah or shisha, can no longer get their fix in cafes, bars, and restaurants after a law banning smoking from closed public spaces came into force in January.


Turkish central bank acts to support financial stability

Source : Arab News / 26 Dec 2012

Turkey's central bank will add a required reserve ratio (RRR) based on banks' leverage ratios to its policy tool kit in early 2014 to support financial stability, officials said in an end of year news conference on Tuesday.

Laying out its approach on policy for 2013, Gov. Erdem Basci gave no new hints of the bank's next policy move after a series of interest rate cuts in the past six months.


Turkish agency to maintain "Mathnawi-reading tradition" in Bosnia

Source : Agencies | 23 Oct 2012

Turkish International Cooperation Agency (TIKA) to turn "Mathnawi Islamic Monastery" built in 1462 and then destroyed by Yugoslavian government in 1950s into a lodge used by Mathnawi dervishes with the financial aid of Konya Selcuklu Municipality.

The ceremony held for the launching of the project hosted Stari Grad Mayor Ibrahim Hacibayric and TIKA's Bosnia and Herzegovina Coordinator Zulfu Oruc and many other officials.


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