"The changes that Turkey went through following 2000, including the economic decisions that were made, are an important step. The reforms made in 2000 allowed Turkey to make great strides, despite the fact that it came at the top of the list of countries with high inflation and high interest rates. Powerfull businessmen from Turkey share their experiences and plans."
Two people were killed and at least 100 injured after a magnitude-6.7 earthquake rocked popular Greek and Turkish tourist destinations on the Aegean Sea early Friday, the U.S. Geological Survey and officials said. The earthquake sent tourists and locals running into the streets on the Greek island of Kos and the Turkish port city of Bodrum shortly after 1.30 a.m. (6.30 p.m. Thursday ET), according to the Associated Press. Both destinations are popular with European vacationers during the summer high-season.
Turkey's most popular and widespread simit chain, Simit Sarayı, which turned simit into a brand in the country and opened to the world with franchises, has partnered with a Saudi firm. Having conducted partnership talks with foreign funds in recent years, Simit Sarayı has signed an agreement with Saudi Arabia-based Fawaz Alhokair Group for the sale of a 10 percent stake in the company. According to a joint statement released by the two companies, Fawaz Alhokair Group Vice Chairman and retail leader Abdul Majeed Alhokair will be appointed as a board member of Simit Sarayı.