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Foreign Trade Growth Continues

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BusinessIstanbul, TURKEY, April 11, 2003 - Turkish foreign trade maintained its growth during the first three months of the year. According to preliminary data from the Customs Undersecretariat, $9.39 billion in exports and $2.578 billion in imports have been realized during the first quarter of 2003.
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No more power for Turkey?

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BusinessFOR the second time in the past two weeks the Turkish press has warned that Ankara will cut electricity imports from Bulgaria, Intellinews news service announced on Tuesday. Turkey will cancel its contract for purchasing electricity due to Sofia\'s failure to award the construction of infrastructure projects in Bulgaria to Turkish companies, Turkish news daily Zaman reported.
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IMF chief-Turkey economy should stay healthy

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BusinessWASHINGTON, April 8 (Reuters) - Turkey\'s economy should stay healthy as long as the government sticks to reforms set out in its agreement with the International Monetary Fund, the head of the IMF said on Tuesday.
Nor should the U.S.-led war with Iraq act as an \"avalanche\" for the Turkish economy as long as it ends in the next few weeks, he added.

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G7 happy with Turkey\'s IMF pledge

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BusinessPARIS - The Group of Seven leading industrialised countries has welcomed the signing of pledge by Turkey last week to stick to economic reforms demanded by the International Monetary Fund (IMF).
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Turkey/IMF: Minister Cites A Disagreement On Numbers

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BusinessISTANBUL (Dow Jones)--The Turkish government as of midday Friday hasn\'t signed the letter of intent outlining its economic policy commitments to the International Monetary Fund, sources familiar with the Turkey-IMF talks said Friday.
The letter is needed before the IMF can start discussing a pending $1.6 billion loan to Turkey.
The IMF also said on Thursday that \"prior actions\" were needed by Turkey, along with the letter, before the IMF board can convene for the loan.
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WFP asks to buy 50,000 T wheat from Turkey-source

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BusinessANKARA, - The World Food Programme (WFP) has asked to buy 50,000 tonnes of milling wheat from Turkey in food aid for neighbouring Iraq, a Turkish government source told Reuters on Thursday.
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Turkey Petkim Up After Getting 5 Privatization Bids>C.PPH

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BusinessAround 1300 GMT, Petkim was quoted at 6900 lira ($1=TRL1,765,000), up 1.5% on the day, and off a high of TRL7,700.
Finance Minister Kemal Unakitan, who is in charge of privatization, said Wednesday that five bids were received for state-owned Petkim, Turkey\'s only petrochemicals concern
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National-100 Index Rises To 9,773.83 With An Increase Of 222.10 Points

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BusinessISTANBUL - The Istanbul Stock Exchange (IMKB) National-100 Index in Tuesday\'s second session increased 222.10 points to 9,773.83 and shares gained 2.33 percent in value when compared with prices at the close of previous first session.
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Iraq war brings economic distress to Turkey

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BusinessANKARA, Turkey (AP) Fallout from the conflict in Iraq is creating financial turmoil in Turkey, threatening to undermine the country\'s economic recovery and raising the prospect of instability on Iraq\'s northern border.
Turkish interest rates rose to around 70 percent as the war began, raising the possibility that if market turmoil grows worse the country could be forced to default on its massive debt.
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Emerging Debt-Turkey underperforms in soft market

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BusinessNEW YORK, March 20 (Reuters) - Turkish sovereign bond prices fell for the second consecutive session on Thursday as Wall Street questioned the country\'s economic viability as hopes for a major U.S.-backed financial aid package faded.
Despite approval from Turkey\'s parliament allowing overflights of U.S. warplanes, the country\'s debt fell 2 percent in total returns, extending losses of more than 9 percent since Jan. 1.
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