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Turkish Press Review, 98-07-30

Turkish Press Review Directory - Previous Article - Next Article

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

30.07.98

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


CONTENTS

  • [01] GREEK HARASSMENT AT MERIC RIVER
  • [02] FIVE SUSPECTS RELEASED IN HADEP TRIAL
  • [03] TOPRAK AND BEKO SUCCESS IN UK
  • [04] EUROPEAN ALLIED FORCES COMMANDER-IN-CHIEF VISITS TURKEY
  • [05] DEMIREL RATIFIES TAX LAW
  • [06] TURKEY HOPEFUL ABOUT OIL
  • [07] MOODY'S RATES AKBANK
  • [08] IMKB BOOK ON ASIAN CRISIS
  • [09] TURKISH BALLET RANKS THIRD
  • [10] EU TAX LAW FAVOURS TURKEY
  • [11] MUMTAZ SOYSAL RESIGNS FROM DSP
  • [12] ELECTION ON APRIL 18
  • [13] SUSPECTED PKK SUICIDE BOMBER
  • [14] PENTAGON: "US NOT ENFORCE CYPRUS NO-FLY MORATORIUM"
  • [15] TSKB NAMED BEST TURKISH SECURITIES BANK

  • [01] GREEK HARASSMENT AT MERIC RIVER

    It is reported that yesterday Greek soldiers patrolling the Greek side of the Meric river opened fire on the Turkish side. No one was killed or injured as a result of the shooting. Tension rose high when the Greek soldiers opened fire on the Turkish side following verbal exchanges. It was learned that Turkish soldiers also answered in kind. The situation returned to normal following the shooting incident which happened at 18.00-19.00 hours in a military zone. Military prosecutors have begun to examine the cause of the shooting. /Sabah/

    [02] FIVE SUSPECTS RELEASED IN HADEP TRIAL

    Chairman Murat Bozlak, high level officials and other members of the HADEP (People's Democracy Party) were in court yesterday, at the Second Ankara State Security Court, accused of being the political wing of the separatist PKK organisation. The court later released five of the suspects, leaving only four under arrest. /Sabah/

    [03] TOPRAK AND BEKO SUCCESS IN UK

    A Turkish corporation, Toprak, has become a well-known enterprise in the United Kingdom after the announcement of its plan to set up a huge ceramics factory in Wales.

    Beko is another Turkish firm active in the UK, which has sold 2.5 million items of household goods to the British public since 1991. Beko holds a 6.5 percent share in the British household products market. /Sabah/

    [04] EUROPEAN ALLIED FORCES COMMANDER-IN-CHIEF VISITS TURKEY

    NATO European Allied Forces Commander-in-Chief Gen.Wesley K.Clark visited Turkish Deputy Chief of General Staff Gen.Cevik Bir yesterday. Gen.Bir noted that he was very pleased to see Gen.Clark in Turkey and said: "This visit is within the framework of a chain of visits held between the NATO Command and NATO Headquarters. There is no specific issue. We will exchange views on regional, NATO and Turkish relations", the Anatolia news agency reported yesterday.

    [05] DEMIREL RATIFIES TAX LAW

    President Suleyman Demirel ratified yesterday law No.4369, which makes amendments to 12 tax laws, on the condition that the grants to foundations and associations should also come within the context of paying taxes. /Cumhuriyet/

    [06] TURKEY HOPEFUL ABOUT OIL

    Aladdin Middle East, an oil research company, will initiate important new exploratory activities in August along the Turkish-Syrian border. With a project jointly carried out with Trans-Mediterranean Oil in southern Mardin, hopes have emerged that Turkey can meet its requirements for crude oil from its own resources. Officials anticipate that Turkey will reach the level of other countries exporting crude oil in four years' time. /Cumhuriyet/

    [07] MOODY'S RATES AKBANK

    Moody's, one of the world's leading rating institutions, has given a Baa2 rate to certificates issued by Akbank. The total value of issued certificates is $250 million. /Cumhuriyet/

    [08] IMKB BOOK ON ASIAN CRISIS

    The Istanbul Stock Exchange (IMKB) has examined the effects of the Southeast Asian crisis on the Turkish economy and the IMKB and published a book which evaluates the Asian crisis which has affected all international financial markets. /Hurriyet/

    [09] TURKISH BALLET RANKS THIRD

    In the 18th International Varna Ballet Festival, Turkish ballet dancer, Ogulcan Borova has come third. The wife of the Turkish Prime Minister, Berna Yilmaz, who went to Bulgaria yesterday, congratulated Borova and wished him further successes. 150 dancers from 29 countries performed in the ballet festival. /Hurriyet/

    [10] EU TAX LAW FAVOURS TURKEY

    The European Union (EU) has excluded Turkey from a new tax application on textiles. The EU will apply heavy taxes on wool fabrics from five Asian countries, India, Indonesia, Pakistan, Egypt and China. The EU's recent decision on excluding Turkey from this application, is evaluated as an important step towards easing the serious crisis in Turkey-EU relations. /Milliyet/

    [11] MUMTAZ SOYSAL RESIGNS FROM DSP

    Democratic Left Party (DSP) member and former Foreign Minister Mumtaz Soysal resigned from his party yesterday. After the resignation of Sosyal, the number of DSP seats in Parliament decreased to 61 and those of the independent increased to 12. /Milliyet/

    [12] ELECTION ON APRIL 18

    The date of the combined municipal and general elections which were originally set for April 25, 1999, has been moved up one week. The Constitutional Commission which discussed the election date yesterday, decided that the joint elections should be held on April 18.

    The main reason behind the change is the official holiday which takes place on Friday, April 23. The commission members are trying to avoid having elections coincide with a three-day weekend created by the national holiday. /All papers/

    [13] SUSPECTED PKK SUICIDE BOMBER

    A woman has been detained by Gendarmerie Forces in the central province of Sivas after authorities searched her house, and finding documents belonging to the PKK. The security forces, operating in a rural area in Sivas, had suspicions about the woman, named Melike Acar. During interrogation the woman confessed that she has awaiting orders from the PKK to carry out a suicide attack.

    Meanwhile, the authorities in Eskisehir rounded up another suspected, believed to be the chief representative of the PKK in that city. In the interrogation, the detained man, Zeki Kutluk, told the authorities that he was planing to send a group of young people to Romania for weapons training. /Cumhuriyet/

    [14] PENTAGON: "US NOT ENFORCE CYPRUS NO-FLY MORATORIUM"

    The United States has reiterated that it will not be involved in the enforcement of a no-fly moratorium over the divided island of Cyprus as proposed by Greece and Greek Cyprus. "We believe that an agreement on military flights over the Cyprus will contribute to defusing the tension on the island. However, such an agreement can be achieved only through compromise between the related parties. The United States will not be the enforcer of such an implementation," Pentagon spokesman Micheal Doubleday told a press conference on Tuesday. /Cumhuriyet/

    [15] TSKB NAMED BEST TURKISH SECURITIES BANK

    The Industrial Development Bank of Turkey (TSKB) has been named Turkey's best securities Bank by Euromoney Magazine, the Anatolia news agency reported yesterday. In its July edition, the British financial magazine said the TSKB would receive an Award for Excellence. It is the second year in a row that Euromoney has listed the TSKB, an investment and development bank, as Turkey's best securities bank. The TSKB is run by a group of Turkish banks and has been the lead manager of the top Turkish stock public offerings of private and state institutions in the past three years.
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