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Turkey Cuts Investment Criteria for Foreigners Seeking Citizenship

ANKARA: Turkey on Wednesday made it easier for foreigners to become Turkish citizens by cutting the financial and investment criteria required for citizenship, according to a decree from President Recep Tayyip Erdogan. Foreigners now need only to have $500,000 deposits in Turkish banks, down from $3 million before while fixed capital investment was reduced from $2 million to $500,000 dollars, the decree published in the Official Gazette said.

Dream Chaser Space Plane Set to Land as Matchbox Sky Busters Toy

A commercial space plane designed to carry astronauts and cargo into Earth orbit will soon touch down in stores as a popular toy. Sierra Nevada Corporation (SNC) announced on Monday (Sep. 17) that its Dream Chaser spacecraft will be part of Mattel Inc.'s Matchbox Sky Busters toy line to be released this month. "My curiosity for space started young, and I hope this helps spark the same in any kid who has this toy," Steve Lindsey, vice president of SNC's Space Exploration Systems and a former NASA astronaut who commanded three of his five missions on the space shuttle, said in a statement. "There's just something about a winged spacecraft that spurs the imagination." Like the classic Matchbox toy car line that features die-cast scale models of real-life wheeled vehicles, Sky Busters has offered the same for winged aircraft since 1973. The Matchbox Sky Busters Dream Chaser reproduces the SNC space plane as a 3.5-inch-long (9-centimeter) toy approximately 1:100th the size of the actual orbital craft.

Amazon Launches in Turkey

ISTANBUL (Reuters) - Amazon.com Inc said on Wednesday it had launched activities in Turkey, offering products across 15 categories to customers across the country. “We are committed to building our business in Turkey in the coming months by expanding our selection and delivery options,” Sam Nicols, country manager for Amazon.com.tr said in a written statement.

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Turkish Consulate General Relocates Near the UN

The Turkish Consulate General has inked a lease for new offices at Fisher Brothers’ 605 Third Avenue in Midtown East, according to the landlord. The consulate will decamp Durst Organization’s nearby 825 Third Avenue and move down the block to 19,871 square feet at 605 Third Avenue next month. The organization will take over the entire 30th floor of the 1.1-million-square-foot building between East 39th and East 40th Streets. Asking rent in the transaction was in the $70s per square foot. A Fisher Brothers spokeswoman declined to comment on the length of the lease.

Borusan Mannesmann Denied Exemption From Tariffs

A steel pipe manufacturer in Baytown, which received national exposure for an aggressive campaign to get the ears of the Trump administration, has been denied an exemption from new tariffs on foreign steel. In order to avoid the tariffs on steel tube from its parent company in Turkey, Borusan Mannesmann CEO Joel Johnson got creative. In addition to a formal exemption request to the U.S. Department of Commerce, he asked the workers at the Baytown plant to write postcards to President Donald Trump and other government officials.

Turkish Airlines Signed An Agreement with American Express

Turkish Airlines signed a significant deal with American Express Global Business Travel (Amex GBT), one of the world's leading agencies for corporate travel. With this agreement, signed by Turkish Airlines Chairman of the Board and the Executive Committee, M. İlker Aycı, and Amex GBT’s Board Chairman, Greg O’Hara, within today, Turkish Airlines expands its existing collaboration with AMEX to a global partnership, which was on regional scale between 2014-2017 and including just Europe, North America and Asia / Pacific regions. The global carrier who has added the "South America" region to the new joint service area with Amex GBT, will also become one of the airlines supported by Amex GBT at the top level, within the scope of this expanded agreement.

American Varroc Lighting Acquires Turkish Automotive Firm

Exterior vehicle lighting specialist U.S.-based Varroc Lighting Sytems has acquired Istanbul-based Sa-ba Automotive, a statement confirmed Monday. "Through Sa-ba Automotive, Varroc Lighting gains valuable manufacturing and production capacity with a 10,000-square-meter manufacturing and technology center near Istanbul, and a new plant under construction in Dimitrovgrad, Bulgaria," the statement said. The terms and conditions of the acquisition, however, were not disclosed. It also noted that the 20,000-square-meter Bulgaria plant will give Varroc Lighting expanded and scalable production capacity for its European customers.

Sierra Nevada Corporation Shows Off its Military Modified Aircraft that Are Ready for Missions

A local company is taking old aircraft and giving them a Rocket City upgrade on the cutting edge. The Sierra Nevada Corporation is giving an inside look of what it's been working on and how it will help with military missions. SNC moved to the Huntsville Executive Airport about a year and half ago. They've been very busy modifying aircraft that are bought through a government program.

Borusan Mannesmann's Baytown Employees Send Trump 4,500 Postcards Asking for Tariff Exemption

Workers and family members of workers at a Texas steel pipe manufacturer have sent the White House more than 4,500 postcards urging President Trump to grant the company an exemption to his recent steel and aluminum tariffs. Employees and their families at Borusan Mannesmann's Baytown plant urged the Trump administration to support a tariff exemption for the Turkish company, which imports steel tubing and casing for its finished products from its parent company in Turkey.

Chobani Exploring 'Significant' Expansion of Upstate NY Yogurt Plant

South Edmeston, N.Y. -- Chobani is considering building a significant expansion of its yogurt plant in South Edmeston, according to sou rces familiar with the matter.The sources said the expansion is being actively explored and would enable the company to expand products manufactured in the facility. Chobani's yogurt plant on County Route 25 near the Unadilla River employs approximately 1,000 people. The expansion the company is considering could result in the creation of a significant number of additional jobs, the sources said.

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