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Turkish Press Review, 00-08-10

Turkish Press Review Directory - Previous Article - Next Article

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

10.08.00

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


CONTENTS

  • [01] LEADERS' MEETING ON PRESIDENT'S VETO
  • [02] TURKEY SIGNS NEW ACCORDS
  • [03] RECEP ONAL: NO REVISION TARGETED
  • [04] AUTOMATION SYSTEM IN PUBLIC FINANCE
  • [05] TURKEY-WHO COOPERATION
  • [06] PROPOSAL FOR WIND ENERGY POWER PLANT
  • [07] ECONOMIC STABILIZATION PROGRAM IN TRNC
  • [08] STAND-BY REPORT BY THE TREASURY
  • [09] PERMISSION FOR THE PURCHASE OF SEISMIC SHIP
  • [10] A NEW RECORD IN TOURISM
  • [11] YASAR HOLDING REJECTS INVESTOR SOROS' CLAIMS
  • [12] GALATASARAY BEATS ST. GALLEN

  • [01] LEADERS' MEETING ON PRESIDENT'S VETO

    Prime Minister Bulent Ecevit, Deputy Prime Minister Devlet Bahceli and Deputy Prime Minister Mesut Yilmaz came together yesterday to discuss future action in the aftermath of President Ahmet Necdet Sezer's veto of the decree in the force of law. During the meeting, they agreed to discuss the issue at today's Cabinet meeting. As it is known, on Tuesday President Sezer had refused to approve the decree in the force of law concerning the dismissal of the civil servants who are allegedly involved in reactionary and separatist actions. /Cumhuriyet/

    [02] TURKEY SIGNS NEW ACCORDS

    Turkey, which is expected to take steps to fulfill the Copenhagen Criteria on its way to the full EU membership, will sign the United Nations (UN) Individual and Political Rights Accord and UN Economic, Social and Cultural Rights Accord which are both regarded as references by the European Union and European Court of Human Rights. It was reported that Turkey's permanent representative to the UN Volkan Vural will sign the accords before President Ahmet Necdet Sezer's visit to New York to attend the UN Millenium Meeting. The Economic, Social and Cultural Rights Contract refers to the economic, social and cultural rights, which are mentioned in the UN Human Rights Declaration. Foreign Ministry officials said that Turkey's signing of these two accords had been delayed due to the extraordinary conditions during the period of fighting with terrorism. /Cumhuriyet/

    [03] RECEP ONAL: NO REVISION TARGETED

    Minister of State responsible for economy Recep Onal said as a government they have no intention to make revisions on the targets of the economic program. During a meeting which was held yesterday to review the results of the economic program in the last six months, Minister Onal criticized sharply not only the private sector but also academics, opposition parties and groups who recently criticized the government by arguing the slightly higher inflation rate in July. The minister said there was no need for measures to deter imports, adding that a special consumption tax could level off the import surge. "The government isn't insisting on measures that would cause a loss of income" he said. /Aksam/

    [04] AUTOMATION SYSTEM IN PUBLIC FINANCE

    Accounting offices of the State Economic Enterprises (SEEs) and institutions with annexed budgets, municipalities and accounting offices of ministries will be connected to each other by an on-line computerised accounting system so that daily transactions of their income, expenses and cash reserves can be followed up in time. The problems emanating from old accounting systems will be removed. The system will enable the Ministry of Finance to observe the accounts of the public institutions in one system through the control of General Directorate of Public Accountancy. Bids for a tender to build a computerized automation system and a system of communication structure will be received tomorrow./Milliyet/

    [05] TURKEY-WHO COOPERATION

    A medium-term cooperation program signed between Turkey and the World Health Organization's (WHO) European office was published in the Official Gazette yesterday. The program includes the amount of funds allocated to Turkey for the period 2000-2001 and details joint activities to be held in Turkey in the field of health care. /Turkish Daily News/

    [06] PROPOSAL FOR WIND ENERGY POWER PLANT

    The Businessmen Association for Wind Energy Power Plant Industry presented a proposal to Prime Minister Bulent Ecevit for establishing wind energy power plants to overcome the energy shortage in Turkey. The Prime Minister listened to the chairman of the group Prof. Mustafa Ozcan yesterday. /Cumhuriyet/

    [07] ECONOMIC STABILIZATION PROGRAM IN TRNC

    A program to stabilize the economy of the Turkish Republic of Northern Cyprus (TRNC) will be put into effect in 15 days. Within the framework of the stabilization program, TL 150 trillion will be transferred to TRNC as financial assistance. The officials said should the program is carried out succesfully, the amount of assistance can be increased. /Sabah/

    [08] STAND-BY REPORT BY THE TREASURY

    The Treasury Undersecretariat announced that the deficit in the Treasury's cash balance reached TL 9.36 quadrillion in the first six months of this year. The budget surplus without interest amounted to TL 3.67 quadrillion. The Stand-by Monthly Report which was prepared to monitor the developments in the Turkish economy within the framework of the Stand-by Agreement that was signed with the International Monetary Fund (IMF), recalled that the international rating company, Moody's began to monitor Turkey for a possible credibility increase. /Hurriyet/

    [09] PERMISSION FOR THE PURCHASE OF SEISMIC SHIP

    One year after last year's devastating earthquake, the Prime Ministry gave permission for the purchase of a new seismic ship, which would provide detailed information on the fault lines. General Director of the Mineral Research and Exploration Institute (MTA) Ali Kemal Isiker said the preparations for international bidding in regard with the purchase of the new seismic ship were underway. Isiker said the seismic ship, which will cost nearly $25 million, will be in service in 18 months. /Aksam/

    [10] A NEW RECORD IN TOURISM

    It was reported that a new record was broken last July in the number of tourists who visited Antalya. Nearly 545,613 traveled to Antalya last month. /Aksam/

    [11] YASAR HOLDING REJECTS INVESTOR SOROS' CLAIMS

    Yasar Holding released a statement yesterday denying claims by George Soros, a prominent investor concerning Turk Tuborg, a brewery company which is one of Yasar's subsidiaries. The statement said that Soros' claims were not accurate in reflecting the truth and that those claims had damaged the prestige of Turk Tuborg. Soros who owns 20.28 percent of Turk Tuborg shares told. The Wall Street Journal that Turk Tuborg had damaged his interests by way of buying Yasarbank's shares. Soros insisted that this action had damaged Turk Tuborg and reduced the worth of its shares from $10 million to $5 million. He also claimed that Yasar Holding should compensate his losses and called on the Turkish government to investigate Turk Tuborg. Yasar Holding, in refuting Soros, said: "The value of Soros' shares in Turk Tuborg did not decrease to $5 million; on the contrary their value increased to $20 million as of 31 January 2000 and its current value is $12 million". /Sabah/

    [12] GALATASARAY BEATS ST. GALLEN

    At the Champions League qualifying tour match that was held last night in Zurich, Galatasaray beat its Swiss rival St. Gallen 2-1. /All Papers/
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