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Turkish Economy May Become Growth Engine of Europe

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  • Turkish Economy May Become Growth Engine of Europe

    Joke of the day
    "Truths about Turkey should be told...Turkey's membership in EU is an additional value for all. Turkish economy may become growth engine of Europe. "
    TUSÝAD Chairman delivered a speech in Paris, France.



    More humor
    "When we make steps toward more freedom of expression, I cannot comprehend the attitude on freedom of expression in France",
    referring to recent attempts in France to legislate a prohibition on any speech against...Armenian Genocide issue. Sabancý added he thinks such an attitude befitted a country fearing the truths.


    Last edited by Siamanto; 10-08-2006, 12:27 AM.
    What if I find someone else when looking for you? My soul shivers as the idea invades my mind.

  • #2
    Re: Turkish Economy May Become Growth Engine of Europe

    I actually laffed at this. It had the cloak of an actual news bulletin and I was going to move it to the proper forum, but then I read and laffed so it stays.
    Achkerov kute.

    Comment


    • #3
      Re: Turkish Economy May Become Growth Engine of Europe

      wow haha

      Comment


      • #4
        Re: Turkish Economy May Become Growth Engine of Europe

        Strong Turkish Economy 'Unstoppable'
        By Economy News Desk
        Wednesday, October 11, 2006
        zaman.com

        The Turkish business world is pressing the government for preserving political and economic stability.

        Turkey has a stronger economy than ever, said Mehmet Ali Yalcindag, a senior official from Dogan Holding, and reassured investors and the public alike that there was no further possibility of a sudden decline in the economy.

        With a stronger political permanence, the chances of reaching a great deal of Turkey’s economic goals are excellent for 2007, said Yalcindag, and added that continuity with economic growth depended on the continuation of political stability, a good handling of politics, and on an outcome from the parliamentary elections that would not damage this stability.

        With economic growth posted in the last 18 quarters, Turkey has the potential to become one of the most dynamic and fastest growing countries in the world.

        The current year’s target of growth, specified as five percent, will be achieved, and possibly even beaten.

        With what has been done over the last five years, Turkey has reached a point where it is well equipped and strong enough to achieve its goals, said Yalcindag: “With Turkey having made so much progress with its future plans, with its economy having gained so much stability and momentum, there is very little likelihood that the Turkish economy will halt.”

        The Turkish economy no longer responds to times of crisis in the same old way, said Yalcindag: “We all have gone through ebbs and flows in terms of the economic situation. It is a commonly held opinion that the rise and fall we experienced in May and June was movement toward a better handling of the economy, but not a crisis at all. The economic performance at times of such fluctuations is viewed as progress within the economy.”

        The first half of 2006 saw a 20 percent increase in advertisement investments. Even in July and August growth rates reached 19 percent, when business performance generally stalls.

        Yalcindag cited a 24 percent growth rate for September and 21 percent overall for the past nine months. He linked this acceleration in growth to increased competition.

        Banks rely most on advertising for promotion, said Yalcindag, and added that with the new banks expected to enter the banking industry, competition would be fiercer.

        Airline companies tripled their investments in advertising this year, compared with the first eight months of last year.

        More foreigners are expected to invest in the Turkish retail business, and growth in real estate will also predictably increase.

        Yalcindag estimated that there would be a 25 percent increase overall in advertising, totaling $1.84 billion. Yalcindag’s growth estimate for 2007 is 20 percent, totaling $2.2 billion.

        Comment


        • #5
          Re: Turkish Economy May Become Growth Engine of Europe

          You should post articles about your own country (which is a joke itself) in this "Jokes & Humor" section.

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