EMINE ERDOGAN IN UN
Turkish Prime Minister Recep Tayyip Erdogan's wife Emine Erdogan will attend meetings of the UN Commission on Status of Women. Erdogan will deliver a speech at the opening of the 55th session of the UN Commission on Status of Women. Emine Erdogan will inform representatives from 192 countries on situation of Turkish women and education of Turkish girls.
25,000 TURKS IN LIBYA TO BE EVACUATED
Turkey's Ministry of Foreign Affairs is launching several initiatives for safety of Turkish citizens in Libya and their evacuation. Two Turkish ferries set sail for Libya in order to evacuate Turkish nationals. Planes are on standby in case the Libyan aviation authorities lifted a ban on incoming flights at the Benghazi International Airport, where some 600 Turks awaited immediate evacuation.
TURKISH FM SAYS TUNISIA TRANSFORMATION COULD BE A MODEL FOR THE MIDDLE EAST
Turkish Foreign Minister Ahmet Davutoglu has said a successful political transformation in Tunisia could set a model for other countries in the Middle East. Davutoglu visited Tunisia Monday as the rotating term president of the Council of Europe. "We need to get it right as to why we are on our way to Tunisia instead of Egypt. The healthy transformation of the civil uprising in Tunisia will set an example for the regional countries. Turkey is at the center of the developments," he said.
COST OF TURKEY'S WORST CRISIS 381.8 BLN TL
Turkish Economy Minister Ali Babacan said Turkey's worst banking crisis back in 2001 and another economic crisis in 2000 had costed the country some 381.8 billion Turkish liras. "The Treasury had to go on domestic borrowing to pay this cost. We wouldn't have had the domestic debt burden we have today if were not forced to pay that price," Babacan said.
TURKS NOT INVOLVED IN UPRISING IN LIBYA
Turkish President Abdullah Gul expressed concern over the week-long deadly uprising in Libya where protesters seek ouster of the leader Colonel Moammar Gaddafi. "We are closely watching with concern what's going on in Libya. It is very sad to hear reports of deaths," President Gul told reporters in Istanbul. Asked about reports claiming that some Turks were involved in the uprising, Gul denied claims, saying, "it is out of question to talk about involvement of any Turks in another country's political activities."
COST OF ECONOMIC CRISIS IS 251 BLN TL
State Minister Ali Babacan said that the cost of the 2001 financial crisis, also known as "Black Wednesday," for Turkey was 251.5 billion Turkish lira.
RENAULT TO MANUFACTURE NEW MODEL IN TURKEY PLANT
French automotive giant Renault has designated its plant in Turkey as the manufacturer of its new SUV model despite fierce opposition from French President Nicolas Sarkozy. Renault's Turkey plant has become the top manufacturer for the last three years among the company's 38 plants all over the world. Renault will begin making its new SUV, an all wheel drive version of its Clio, in 2012. The new model will the first SUV ever produced in Turkey.
TURKEY SET TO LAUNCH REGIONAL APPEALS COURTS
Turkish Justice Minister Sadullah Ergin on Monday said Turkey's Higher Board of Judges and Prosecutors (HSYK) was set to discuss on Tuesday the appointments of chief prosecutors to nine regional appeals courts, which is hoped to speed up judicial proceedings in Turkey.
25,000 TURKS IN LIBYA
Turkish Foreign Minister Ahmet Davutoglu, who held formal talks in Tunisia, said that safety of Turkish citizens in Libya is the most important thing. Four planes and two ships were sent to Libya to bring Turkish people from Libya back to Turkey. A plan regarding evacuation of Turks via Egypt is also on the agenda. There are around 25,000 Turkish citizens in Libya.
COST OF 2001 CRISIS IS 251 BLN TL
Turkish economy passed through the biggest economic crisis in its history on February 21, 2001. Delivering a speech at a meeting on 10th anniversary of the economic crisis, State Minister Ali Babacan said that the cost of the 2001 financial crisis for the country was 251.5 billion Turkish lira.
TURKS HELD HOSTAGE BY LIBYAN REBELS
Around 3,500 Turks are being held hostage at a stadium by anti-government protesters in Libya. "We are hungary and we are afraid of being killed. Rebels are using us as leverage against Gaddafi," Atakan Bilici, an hostage, told the daily RADIKAL. Turkey has sent two ferries to get Turks awaiting immediate evacuation. Turkish diplomats and special forces commandos in plain clothes were also on board the ferries.
DIAGEO BUYS TURKISH SPIRITS MAKER
Drinks giant Diageo on Monday said it had bought Turkey's Mey Icki, the country biggest spirits producer, for 3.3 billion Turkish liras (2.1 billion USD). Mey Icki bought spirits division of the state monopoly TEKEL in 2004 for 292 million TL. The company was acquired in 2006 by private equity firms TPG Capital and Actera. Mey Icki received a turnover of 766 million TL in 2010. It produces 94 million litres of spirits annually. It claims 70 percent market share in traditional Turkish drink Raki and 65 percent market share in vodka production.
THOUSANDS OF TURKS WAITING FOR EVACUATION FROM LIBYA
The Turkish government has launched an evacuation plan to bring back thousands of its nationals who caught up in the middle of violence in anti-government protests and civil unrest in Libya. Turkish officials discussed evacuation plans in an emergency meeting the night before at the Turkish Foreign Ministry headquarters in capital Ankara. Two ferries departed from Istanbul on Monday accompanied by a Turkish frigate which set sail from Turkey's Aksaz naval base in Marmaris. The Turkish Red Crescent Society has sent an aid ship from Mersin.
DIAGEO ACQUIRES TURKEY'S BIGGEST SPIRIT MAKER
The drinks giant Diageo has bought Turkey's biggest spirits company Mey Icki for 2.1 billion USD. Diageo has acquired the Turkish company from equity firms TPG Capital and Actera, which bought the company in 2006 for 810 million USD. In 2003 Mey Icki bought the spirits division of the Turkish state monopoly TEKEL for 292 million USD.
MEY ICKI SOLD TO DIAEGO
Diageo, the producer of Johnnie Walker, purchased Turkey's Mey Icki for 2 billion U.S. dollars. Diageo, world's leading premium drinks business, reached agreement to acquire Mey Icki, the leading spirits company in Turkey, for an enterprise value of 3.3 billion Turkish lira from investment firm TPG Capital (TPG) and Actera. Diageo's Chief Executive Officer Paul Walsh said that Turkey was a very important market. The acquisition furthers Diageo's aim of expanding in emerging markets that have "a rapidly growing middle class," Walsh said.
"WE MONITOR PRESS FREEDOM"
European Commissioner for Enlargement & Neighborhood Policy Stefan Fule's spokesperson Natasha Butler said that they were monitoring developments regarding freedom of press in Turkey. Butler said that these issues were included in their reports. Butler said that they brought up the matter in meetings with Turkish officials.
SALE OF THE YEAR
Diageo, world's leading premium drinks business, reached agreement to acquire Mey Icki, the leading spirits company in Turkey, for an enterprise value of 3.3 billion Turkish lira (2.1 billion U.S. dollars) from investment firm TPG Capital (TPG) and Actera. Diageo's CEO Paul Walsh said that Mey Icki will change Diageo's position in the spirits industry in Turkey, which was a rapidly growing country.
TURKS IN LIBYA
Libya's leader Colonel Moammar Gaddafi told Turkish Prime Minister Recep Tayyip Erdogan that Turkish citizens' problems would be solved. Premier Erdogan and leader Gaddafi had a phone conversation and they discussed situation of Turkish citizens living in Libya. Turkey has launched efforts to evacuate its citizens from Libya. Turkey's Ministry of Foreign Affairs is launching several initiatives for safety of Turkish citizens in Libya.