Business Turkey

  • ISTANBUL, Oct 9- Turkish vehicle production fell 10 percent year-on-year to 793,995 units between January and September, the Automotive Manufacturers Association said on Tuesday, as the impact of a shrinking export market in Europe and weaker domestic demand took their toll.

  • BRUSSELS, Oct 9- The head of NATO said on Tuesday that the 28- member military alliance had plans in place to defend Turkey against attack from Syria if necessary, but that he hoped the two countries would find a way to stop tensions escalating.

  • ISTANBUL, Oct 9- The Turkish lira eased slightly and bond yields inched down on Tuesday as a surprise fall in August industrial output and a cut in official growth forecasts suggested the central bank will keep monetary policy loose for longer.

  • BRUSSELS, Oct 9- The head of NATO said on Tuesday the military alliance had plans in place to defend Turkey against attack if needed. "We have all necessary plans in place to protect and defend Turkey if necessary," Secretary-General Anders Fogh Rasmussen told reporters before a meeting of the alliance's defence ministers in Brussels.

  • HONG KONG, Oct 9- Nobel laureate Shinya Yamanaka warned patients on Tuesday about unproven "stem cell therapies" offered at clinics and hospitals in a growing number of countries, saying they were highly risky.

  • *Oil jumps on supply concerns as Middle East tension mounts* Uncertainty over Spain and Greece pressures euro By Richard Hubbard. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.

  • PARIS, Oct 9-* U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.21 percent, Dow Jones futures 0.13 percent lower and Nasdaq 100 futures down 0.36 percent at 0922 GMT.

  • Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.

  • ISTANBUL, Oct 9- Turkey's economy is expected to grow 3.2 percent this year, below a previous forecast of 4 percent, before growing 4 percent next year, Deputy Prime Minister Ali Babacan said on Tuesday. Announcing the government's medium-term programme for 2012-2015, Babacan said the government maintained its growth forecast of 5 percent for 2014 and 2015..

  • ANKARA, Oct 9- Turkey's privatisation revenues were expected to be 4 billion lira in 2013, Turkish Finance Minister Mehmet Simsek said on Tuesday in announcing the government's medium-term economic programme. ï¿ ½ Energy imports were seen rising to $65.4 billion in 2015 from $59.1 billion in 2012..

  • ISTANBUL, Oct 9- Turkey's economy is expected to grow 3.2 percent this year, below a previous forecast of 4 percent, before growing 4 percent next year, Deputy Prime Minister Ali Babacan said on Tuesday. COMMENTARY TIMOTHY ASH, HEAD OF EM, STANDARD BANK.

  • ISTANBUL, Oct 9- The Turkish government announced its 2012-2015 Medium Term Programme on Tuesday, which forecasts gross domestic product growth of 3.2 percent this year and 4 percent in 2013..

  • The National Broadcasting and Telecommunications Commission will hold the much-delayed auction on Oct. 16. Market leader Advanced Info Service, 21 percent owned by Singapore Telecommunications Ltd, will bid through wholly owned unit Advanced Wireless Network Co. Ltd..

  • ANKARA, Oct 9- Turkey's government revised down its growth forecasts for this year and next on Tuesday but stuck to its expectation that the economy would expand at 5 percent in 2014..

  • ISTANBUL, Oct 9- Turkey expects its budget deficit to widen from 33.47 billion lira this year to 34.31 billion lira by 2015, the government's medium-term programme showed on Tuesday.

  • ANKARA, Oct 9- Turkey's budget deficit is expected to fall to 1.8 percent of GDP by 2015 from 2.3 percent this year, Deputy Prime Minister Ali Babacan said on Tuesday, unveiling the government's medium-term economic programme.

  • ANKARA, Oct 9- Turkey expects its exports to grow to $187.1 billion by 2015 from $149.5 billion this year, Deputy Prime Minister Ali Babacan said on Tuesday, announcing the government's medium-term programme for 2012-2015..

  • ISTANBUL, Oct 9- The Turkish government expects the current account deficit to falling from 7.3 percent of GDP this year to 7.1 percent in 2013, 6.9 percent in 2014 and 6.5 percent in 2015, Deputy Prime Minister Ali Babacan said, unveiling the government's medium-term economic programme on Tuesday.

  • LONDON, Oct 9- A warning about the global growth from the IMF sent European shares lower for a second day on Tuesday despite a move by China to support its flagging economy, while escalating tensions between Turkey and Syria in the Middle East sent oil higher.

  • ANKARA, Oct 9- Turkey's economy is expected to grow 3.2 percent this year, below a previous forecast of 4 percent, before growing 4 percent next year, Deputy Prime Minister Ali Babacan said on Tuesday.