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Draught to strike the west Due to the low level of water at dams, Ankara, Bursa, Konya and Istanbul are giving water alert. Istanbul municipality suggested the citizens some saving measures like "do not waste water while shaving." Some districts in Bursa limited the irrigation to two days in a week. . .Devamı

Consumer prices ease inflation worries

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Balance sheet of foreign investment

Balance sheet of foreign investment Foreign investors brought $158.6 billion to Turkey after the crisis in 2001. $47.3 billion of the investments were transferred as profit and interest returns. So, $30 out of each $100 went out of the country again. Therefore, foreigners took one thirds of their investments in Turkey out as profit. According to the payment calculations of the Central Bank, after the foreign investment exit of $2.4 billion from Turkey in 2001 crisis, . .Devamı

Mortgage is like wedding at Catholic Church

Mortgage is like wedding at Catholic Church In order to avoid incurring any mortgage victims, consumers will firstly be given a housing loan information form. Consumers will be able to sign the housing loan contract one work day after receiving the informative form and learning about the kind of debt undertaken. Otherwise, the contract will be invalid.The ministry of industry protection of consumers and competition directorate has made a special arrangement to inform . .Devamı

Tofaş increases the number of brands to five with Lancia

Tofaş increases the number of brands to five with Lancia After Fiat, Alfa Romeo, Maserati and Ferrari, Tofaş has become the Turkish representative of Lancia now. So, the number of brands of Tofaş in Turkey has risen to five.Tofaş, representing Fiat, Alfa Romeo, Maserati and Ferrari, has increased the number of brands to five with Lancia. Tofaş, the partnership of Fiat and Koç Holding, has started to represent all product ranges of the Fiat Group in Turkey. The directo . .Devamı

Do not expect realty prices to fall

Do not expect realty prices to fall Licensed Evaluation Companies Union (LideBİR) Chairman Cansel Yazıcı told investors not to expect a fall in realty prices. "Prices will not fall, they may even rise little by little," said Yazıcı."We do not think real estate prices will fall after the mortgage system. That is of course if we do not face another economical crisis soon," she said.Yazıcı also emphasized that the interest rates are extremely high for the applicati . .Devamı

Mortgage or home loan?

Mortgage or home loan? Ministry of Industry Consumer and Rivalry Protection General Manager Özcan Pektaş has warned those who contracted home loan before the parliament approved mortgage bill on the deadline for switching mortgage system. "Those investors must switch to mortgage system before June 5, otherwise they will continue their regular payments," Pektaş said. "Each investor must decide on his/her own risk," he added. Stating that the effect of switchi . .Devamı

Chinese danger in porcelain goods

Chinese danger in porcelain goods Scientists detected extremely high amounts of lead and cadmium in porcelain goods imported from China. Stating that the amount of these two dangerous elements contained in Chinese porcelains is 40 % more than the allowed amount, scientists warned costumers for various nerve cases and prostate cancer which may increase during the usage of such products. . .Devamı

Hakan Şükür accused of manipulation

Hakan Şükür accused of manipulation The expert reported that the transactions subject to the crime at the trial of his brother was performed via the accounts of Hakan Şükür. Hakan Şükür received a criminal complaint. . .Devamı

Retailers have weakest April on record

Retailers have weakest April on record Retailers reported the weakest April sales results on record on Thursday after cold, stormy weather and an earlier Easter holiday sapped demand for spring merchandise. Sales at 53 U.S. retailers fell a combined 2.4 percent, according to a preliminary tally by the International Council of Shopping Centers -- the biggest monthly decline since the group began tracking the figures in 1970. Wal-Mart Stores Inc. posted its largest sa . .Devamı

JetBlue removes Neeleman as CEO

JetBlue removes Neeleman as CEO JetBlue Airways Corp. removed David Neeleman as chief executive on Thursday, three months after a major service meltdown, putting the 47-year-old founder of the company into the role of nonexecutive chairman. JetBlue said Neeleman, who started the company in 1998, will be replaced as CEO by President Dave Barger, 49, effective immediately. Neeleman said the new role will free him up to spend more time on strategic issues that had been . .Devamı

'Vodafone has no more fists'

'Vodafone has no more fists' Referring to their rival Vodafone, Turkcell's CEO Süreyya Ciliv said: "they have taken all of their possible steps."Referring to their rival Vodafone, Turkcell's CEO Süreyya Ciliv said: "they have taken all of their possible steps."Turkcell's CEO Süreyya Ciliv said the company has attained a depreciation of 40% and retained a margin of 38% for the year-end in the first quarter after the company announced a net profit higher than expected. . .Devamı

Electricity cut offs on the way: the most critical day is July 22

Electricity cut offs on the way: the most critical day is July 22 The chairman of Zorlu energy group, Bursa, said: "the day of July 22 is especially very critical. If everyone overstrains usage of their television sets and air conditioning at home, a black-out may be possible."Electricity producers are starting to worry as the water levels in Turkey's dams have lowered due to global warming and the expected investments in energy being delayed. The chairman of Zorlu en . .Devamı

Google sees mergers big and small

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Mortgage industry speaks out on assignee liability

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