| EU warns US against protectionism in deal | | The EU on Tuesday warned the United States against protectionism after a European-led consortium pulled out of the bidding for an Air Force contract, saying the terms had been altered to favor a US company. | | | Kuveyt Türk enjoys 22 percent increase in profits for 2009 | The trend of increasing profits for Turkish banks is also spreading to participation banks, or banks dealing in Islamic financial products, with Kuveyt Türk posting a 22 percent increase in profits for 2009 to put TL 127 million in the bank.
| | | Borusan posts $220 mln profit in 2009 | | Borusan Holding, one of Turkey’s leading conglomerates, announced a $220 million net profit in 2009, although the company sustained a $900 million decline in turnover in the same year over 2008. | |
| | | | Turkey’s gender inequality ‘bad apple’ in OECD bushel | | An Organization for Economic Cooperation and Development (OECD) report shows that economic gender equality in Turkey is at very low levels and has a long way to go if Turkey is to call itself a truly developed country. | |
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| ‘Ban on tuna trade detrimental to Turkish commerce’ | | A possible ban on the international trade of bluefin tuna, a main ingredient of sushi, is expected to have an adverse impact on a number of countries including Turkey, while some sector representatives argue that the prohibition is all about the commercial concerns of the EU rather than protecting the species, the population of which has plummeted over the years due to high demand. | | | Consortium hails ratification of deal | | The Nabucco Consortium hailed a decision by the Turkish Parliament to ratify a treaty that will enable the construction and operation of the Nabucco gas pipeline in Turkey. | | |