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The stakes are high for Turkey as tourism contributes about ten percent to its GDP, while around 1.7 million people worked in accommodation and food services in 2022, about five percent of total employment. ....
Turkey has suffered severely from the two major earthquakes on Feb. 6, 2023. The death toll is a record high, exceeding 45,000. Physical damage from the earthquakes will cost at least $20 billion. GDP growth will be 2.0-2.5% less than forecast before the disaster, adding nearly $20 billion. The combined economic losses due to damaged assets and slower growth expectations may end up being much higher than $40 billion when the government releases a detailed and reliable disaster loss report covering human resources. ....
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Tall Crane Equipment Ltd. to Alimak Group. The transaction ....
Africa is a rising “multipolar continent” where established and emerging extra-regional powers are vying for commercial gain and geopolitical influence. Turkey has figured prominently in this third surge of foreign interest, developing an increasingly dense network of ties across multiple dimensions throughout Africa. The growing business volume of Turkish companies in African construction markets is illustrative of the progress Ankara has made in securing a strong foothold on the continent. ....