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Turkish Press Review, 98-08-13

Turkish Press Review Directory - Previous Article - Next Article

From: Turkish Ministry of Foreign Affairs <http://www.mfa.gov.tr>

13.08.98

Summary of the political and economic news in the Turkish press this morning


CONTENTS

  • [01] PRESIDENT DEMIREL VISITS FLOOD DISASTER AREA
  • [02] TURKEY EXTENDS CONTRACT WITH PATTEN BOGGS
  • [03] FOREIGN EXCHANGE RESERVES UP
  • [04] 51 COUNTRIES TO PARTICIPATE IN IZMIR FAIR
  • [05] [HAVELSAN GETS NATO AQAP 150 QUALITY CERTIFICATE
  • [06] TURKISH SOLDIERS OFF TO ALBANIA
  • [07] MINISTER GURDAL: "INCREASE IN TOURISM REVENUES"
  • [08] TOURISM INCOME INCREASES
  • [09] KOHL: "GERMANY SUPPORTS TURKEY"
  • [10] ANKARA ASKS KDP NOT TO ATTACK TURKMENS
  • [11] THY TO RECEIVE NEW AIRBUS AIRLINERS
  • [12] TREASURY: "S AND P TRUSTS TURKEY"
  • [13] DUFF AND PHELPS RATE TURKEY
  • [14] $20 MILLION SYNDICATION CREDIT FOR EGS BANK
  • [15] TURKISH DIPLOMAT IN WORLD PRESS
  • [16] PKK TERRORISTS SET TWO CARS ABLAZE
  • [17] CENTRAL BANK PRESS RELEASE

  • [01] PRESIDENT DEMIREL VISITS FLOOD DISASTER AREA

    President Suleyman Demirel yesterday paid an inspection visit to the flood disaster area in Trabzon. Demirel was briefed about the disaster by Trabzon Governor Ismet G. Civelek, but adverse weather conditions prevented the president from travelling to Beskoy, the town hit worst by the flood. In a short speech Demirel addressed the families of the flood victims. "We have always compensated for damage, the state has the power. All the government officials are working hard to bring life here back to normal."

    A rescue team has begun search operations to find missing people in Beskoy. Heavy rains have obstructed the operations. The number of missing people has been announced as 43; 12 bodies have so far been found. /Hurriyet/

    [02] TURKEY EXTENDS CONTRACT WITH PATTEN BOGGS

    Turkey has extended its contract with Patten Boggs, a US law firm, for three months. In line with a one year contract signed on 15 September 1997, Patten Boggs has been conducting lobbying activities for Turkey in the United States. Patten Boggs's responsibilities are: to advise Turkey on legal and economic issues, to contribute to Turkey's international business relations, to represent Turkey in legal issues, and to elevate Turkey's relations with the US administration and US public. Turkey has paid two million dollars to the firm and will pay 500 thousand dollars more for the additional three month period. /Hurriyet/

    [03] FOREIGN EXCHANGE RESERVES UP

    Central Bank foreign exchange reserves rose again to over 26 billion US dollars, increasing by 595 million dollars in the first week of August. /Hurriyet/

    [04] 51 COUNTRIES TO PARTICIPATE IN IZMIR FAIR

    276 companies from 39 different countries will participate in the 67th Izmir Fair. Many domestic companies will also be represented at the fair. The number of countries participating in the fair will be 51 with countries which will only join the International Folk Dances Festival and the 4th International Art Days Festival. /Hurriyet/

    [05] [HAVELSAN GETS NATO AQAP 150 QUALITY CERTIFICATE

    Air Electronic Industries A.S. (HAVELSAN) has been awarded the NATO Quality Guarantee Requirements for Entry Improvement (A-QAP150) certificate. Following the application of HAVELSAN on March 1998, NATO officials examined the criteria of all the documents of the HAVELSAN application and made the award. This is the first time that the AQAP 150 certificate has been given to a company in Turkey. /Milliyet/

    [06] TURKISH SOLDIERS OFF TO ALBANIA

    A Turkish unit which will participate in "Cooperative Assembly-98 Partnership for Peace Training Exercises" under the NATO umbrella in Albania departed from Foca harbour yesterday. Southern Region Navy Commander Bulent Alpkaya said that the aim of the exercise is to ensure peace and security in Albania and Macedonia with the support of NATO. /Milliyet/

    [07] MINISTER GURDAL: "INCREASE IN TOURISM REVENUES"

    In the first half of 1998, the number of tourists coming from European countries that are members of the Organization for Economic Cooperation and Development (OECD) decreased by 7.5 % while the number of tourists from Eastern European countries increased by 23.8 %, said Tourism Minister Ibrahim Gurdal on Wednesday.

    He added that tourism revenues had increased 15.6 % over the last year, reaching $ 808 million. /Sabah/

    [08] TOURISM INCOME INCREASES

    According to a survey on foreign visitors made by the State Institute of Statistics (DIE) and the Tourism Ministry, $999,430,000 in income was obtained by the tourism sector during the first three months of this year. /Cumhuriyet/

    [09] KOHL: "GERMANY SUPPORTS TURKEY"

    German Chancellor Helmut Kohl said on Wednesday during a press conference at which the Christian Democratic Union and the Christian Social Union announced a joint election programme that Germany and Turkey were old friends and could not be split apart. "Turkey is a promising country and it has great importance both from an economic and strategic point of view. We are on the side of Turkey," said Kohl. The chancellor, however, defended the current German citizenship law, which is being criticized by the two million Turks living in Germany for not allowing them to have dual German and Turkish citizenship. /All papers/

    [10] ANKARA ASKS KDP NOT TO ATTACK TURKMENS

    At a press conference yesterday in Ankara, Mustafa Yaycili, a member of the board directors of the Turkmen Front and chairman of the Iraqi National Turkmen Party, accused the Kurdistan Democratic Party (KDP), led by Massoud Barzani, of trying to eliminate the Turkmen tribespeople from northern Iraq. He warned that if the international community does not take any measures against KDP attacks, the outcome could be tragic.

    Meanwhile Turkish Foreign Ministry deputy spokesman Sermet Atacanli confirmed that a group of KDP peshmerges had attacked Turkmen settlements in Arbil. He acknowledged that KDP officials in Ankara had been invited to the Foreign Ministry to discuss the issue and were asked to stop the attacks. /Cumhuriyet/

    [11] THY TO RECEIVE NEW AIRBUS AIRLINERS

    As part of its plans to expand its fleet, Turkish Airlines (THY) is getting ready to purchase a second package of five Airbus A340-300 passenger planes. In addition, a contract between Airbus Industries and THY includes an offset deal that will open the way for Turkish Aerospace Industries (TAI) to manufacture component parts for Airbus. Under the offset agreement for procurement of the new airliners, TAI will start manufacturing component parts worth $ 11 million for each Airbus plane in the Turkish fleet. Although each A340-300 model costs around $ 125 million THY will purchase the planes at an earlier agreed price of between $ 95 million- $ 105 million. /Sabah/

    [12] TREASURY: "S AND P TRUSTS TURKEY"

    A written statement from the Treasury Undersecretariat said yesterday that international institutions and investors trusted Turkey and that is why Standard and Poor credit rating company has increased Turkey's credit grade from "stable" to "positive". It quoted: "During a period in which the credit grades of many countries have been down-graded to "stable" or "negative" because of the financial crisis in Asian markets, the trust of international institutions and investors in the Turkish economic programme and Turkey's financial performance has also been confirmed by Standard and Poor". /Sabah/

    [13] DUFF AND PHELPS RATE TURKEY

    Duff and Phelps (D and P), a US credit rating company, will disclose its new credit rate for Turkey today. It is reported that the credit rate will be increased. D and P representatives noted yesterday that Turkey's Staff Monitoring Agreement with the International Monetary Fund (IMF) and the government's economic stability programme, which aims to reduce the rate of inflation, were positive developments. /Sabah/

    [14] $20 MILLION SYNDICATION CREDIT FOR EGS BANK

    The EGS Bank has set-up new syndicated credits worth $20 million from international markets. A written statement by EGS Bank noted that following a first syndicated credit worth $25 million in September 1997, total credits received by the EGS Bank from international markets amounted to $45 million. An agreement regarding the new credit facility organized by the Bank of New York was signed yesterday in Istanbul. /Sabah/

    [15] TURKISH DIPLOMAT IN WORLD PRESS

    The world press has given wide coverage to the death of Turkish diplomat Zeki Kuneralp, regarded as one of the architects of Turkish-British political relations in the 1970s. The Times, Daily Telegraph, the Independent and Herald Sun newspapers praised Kuneralp (84), who died on July 26, 1998. /Sabah/

    [16] PKK TERRORISTS SET TWO CARS ABLAZE

    Members of the PKK terrorist organization, stopping cars travelling on the Erzurum-Bayburt highway, robbing the passengers and making PKK propaganda, later set ablaze two cars. It is reported that operations to capture the terrorists are continuing in the region. /Sabah/

    [17] CENTRAL BANK PRESS RELEASE

    Turkey's Central Bank and the government's multi-faceted plan to lower the nation's annual inflation rate is already showing good results, the Central Bank says. "The new figures, especially the wholesale price index (WPI), demonstrate that we have made a good start towards reaching our immediate goal of cutting the annual inflation rate to half of what it was in 1997, by the beginning of 1999" says Gazi Ercel, Governor of the Central Bank. "Once we achieve that level, and the effects of other reforms begin to be felt, public confidence should rise dramatically. This will all combine to help Turkey achieve a 10-precent inflation rate in 2000, and reach the ultimate target of single-digit inflation sometime in 2001". /All papers/

    END


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