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Turkey's Lira Slightly Firmer, Investors Weigh Up Prospects of Better U.S. Ties

ISTANBUL (Reuters) - The lira firmed slightly on Tuesday as investors weighed up the prospect of an improvement in Turkey-U.S. ties after U.S. Secretary of State Mike Pompeo said he expected talks this week over the fate of a U.S. pastor on trial in Turkey.  The lira has lost nearly 40 percent of its value against the U.S. currency this year on concerns about President Tayyip Erdogan’s grip on monetary policy and, more recently, due to a diplomatic row between Turkey and the United States.

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President Erdogan: "EU Must Pay"

TURKEY'S president Recep Tayyip Erdogan launched a scathing attack against the EU during his speech at the General Assembly of the United Nations today, arguing Brussels should provide more money to help the country facing the unprecedented migrant crisis. Mr Erdogan lashed out at the European Union during his speech at the General Assembly. Speaking about the refugee crisis that sparked from the horrific civil war in Syria, the Turkish leader said the EU has not done quite enough to support the efforts made by Turkey. He said: "Turkey has welcomed four million refugees during the last years, 3.4m of which came from Syria.

Turkey Attracts $2.2B in Investments in First Quarter

Turkey attracted $2.2 billion in investments in the first quarter of 2018, according to Investment Support and Promotion Agency (ISPAT) Chairman Arda Ermut yesterday. Speaking to Anadolu Agency's (AA) Finance Desk in Istanbul, Ermut said Turkey also attracted 1 percent of all foreign direct investments in the world in the last 15 years. "We do not see misperceptions in investors who invest directly in our country," he said.

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Turkey Sees 22% Spike in Property Sales from Foreign Home Buyers

Turkey saw a 22% spike in home sales to foreign buyers in 2017, according to a year-end report from the Turkish Statistical Institute, or Turk Stat. Despite Turkey’s spiral into authoritarianism under President Recep Tayyip Erdogan, foreigners continued to snap up homes in Istanbul and the capital city, Ankara—thanks in part to a new decree offering citizenship in exchange for luxury home purchases. In January 2017, the government enacted a new initiative whereby foreigners could get Turkish citizenship in exchange for buying a home for the equivalent of US$1 million or more.

Germany: Turkey Made 81 Extradition Requests Since Failed Coup

Since the failed coup of July 2016, Turkey has requested the extradition of 81 people from Germany, according to the Justice Ministry's response to an inquiry from the Left Party's parliamentary party. The Justice Ministry, however, did not provide information on how many of those requests were based on terrorism charges or whether Berlin complied with the requests. Turkey has accused Germany of harboring thousands of suspects allegedly involved in a failed coup on July 15, 2016 that left more than 200 people dead, including soldiers and civilians.

Turkey Issues Travel Warning for Germany Before Vote

Turkey has told its citizens visiting or living in Germany to "be careful" and keep their composure against "racist and xenophobic slurs" in advance of the country's upcoming federal elections. "It is advised for our citizens in Germany or planning to visit this country to be even-tempered, keep themselves out of political discussions and absent themselves from rallies held by terrorist groups ahead of the elections," said the Turkish foreign ministry in a statement published on its official website on Saturday.

Interviewing A Billion Dollar Company CEO, Engineer Dr Sani Sener of TAV Companies

By Gediz Karaca, MSc * - Without the benefit of experience in business management, it can be easy to underestimate the importance of the decision-making processes in companies. These processes can appear easy to master when judged by the standard of their respective results. As a young businessman with limited experience, I would argue that decision-making is indeed one of the trickiest duties of all. As the future is unknowable, senior business people are forced to make predictions with limited data. One poor decision can bring huge losses or can even push a company out of business. Young professionals have much to learn and benefit from senior business people’s experience in these matters: how to behave, how to forecast, and how to make successful business-critical decisions without suffering significant losses. To this end, the aim of this article is to share engineer Dr Sani Sener’s unique perspective and experience with young professionals on their journey of learning the art of business management and decision making.

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German Business Won't be Affected by Political Disagreements, Turkish Minister Assures

Turkey's Deputy Prime Minister Mehmet Şimşek has assured German companies that their investments in Turkey are safe, and their business would not be affected by recent political disagreements between Ankara and Berlin. In an interview with the Der Spiegel weekly published on Saturday, Şimşek underlined that Turkey had left behind a difficult period after the defeated coup attempt last year, and Turkish economy was performing well at the moment.

Limak to Build $570M Project in Russia

Limak has become a partner of the highway project in Ufa, Russia, which has a total construction value of 34 billion rubles ($570 million). Limak, a joint venture of Bashkir Concession Company (BCC), which was established for the highway project, with the Russian company VTB Capital, will also be undertaking the contracting side of the project.

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