Search Results for: Turkey

BY KEITH NUTHALL
GLOBAL tea production hit a new record high in 2004, growing 2% to reach an estimated 3.2 million tonnes, the UN Food and Agriculture Organisation has reported. The expansion was mainly due to increases in Turkey, China, Kenya, Malawi, Sri Lanka and Indonesia, offsetting declines in other major producing countries, notably India and Bangladesh.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending US$32.5 million to a subsidiary of Turkey’s Anadolu Cam group to build a glass bottling plant, near Ufa, central Russia. Ruscam-Ufa LLC will use the loan to fund half the US$65 million project, which said EBRD agribusiness director Hans Christian Jacobsen would improve the “quality of glass packaging offered to food and beverage producers in central and eastern Russia”.…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is planning to lend Turkey’s Tofas Turk Otomobil Fabrikasi Euro 200 million to help fund a joint venture with France’s Peugeot-Citroën and Italy’s Fiat Auto, to develop, produce and sell light vans. The loan would fund half of the project’s projected Euro 400 million cost.…

BY KEITH NUTHALL
COOPERATION between the European Union (EU) and Russia will be intensified regarding constructing energy infrastructure projects of joint interest, under a detailed “road-map” approved in Moscow. Russian president Vladimir Putin, European Commission president José Manuel Barroso and EU council president Jean-Claude Juncker signed the deal, which also highlights improving the safe transport of energy products, “by pipeline, rail and sea”.…

BY KEITH NUTHALL
THE EUROPEAN Commissioner in charge of enlarging the European Union (EU) has called on Turkey to redouble its judicial reforms, as it approaches negotiations on becoming a member state. Speaking in Istanbul, Olli Rehn concluded Turkey’s legal reform process had “reached the point of no return”, but that much work was needed and that the speed of accession talks would depend on how quickly Turkey adopted European legal traditions.…

BY KEITH NUTHALL
THE EUROPEAN Commissioner in charge of enlarging the European Union (EU) has called on Turkey to redouble its judicial reforms, as it approaches negotiations on becoming a member state. Speaking in Istanbul, Olli Rehn concluded Turkey’s legal reform process had “reached the point of no return”, but that much work was needed and that the speed of accession talks would depend on how quickly Turkey adopted European legal traditions.…

BY KEITH NUTHALL
THE EUROPEAN Union (EU) Council of Ministers has exempted Turkey’s Has Çelik ve Halat Sanayi Ticaret AS (CORRECT SPELLING) from paying 17.8% anti-dumping duties on its exports to the EU of certain iron or steel ropes and cables.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, has pumped more money into Turkey vehicle fleet management company Intercity. It will lend Intercity US$42.75 million, which follows the IFC’s purchase of 20% equity earlier this year. The latest loan, said the IFC, would “strengthen Intercity’s long-term leasing of its vehicle fleet to a variety of private sector enterprises”.…

BY KEITH NUTHALL
EUROPEAN Union (EU) research network Eureka is developing a research project to extract pure collagen hydrolysates from solid leather production wastes. The study currently has a Euro 1.8 million budget, which should grow over its four-year life, until 2008.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, has agreed to acquire a minority stake in a growing Turkey fleet management company to help cement its transformation into a key player in the Turkish market. The IFC will invest in Intercity, which grew from a single person operation in 1992 to a company with 20% market share, 90 employees and 6,000 cars under management today.…