To: Charles A. King who wrote (9541 ) 6/17/1998 10:57:00 AM From: Charles A. King Read Replies (1) | Respond to of 13091
I don't know how much agreement with the details of the legislative agenda has been worked out between members of Turkey's ruling conservative and leftist coalition. If the leftists haven't seen the tax exemption for Manova, will they balk when it comes up for a vote? The relationship between Baykal and Yilmaz seems to be agreeable now and the business community seems to like that. Would Baykal rock the boat or would it be more prudent for the leftists to go along since their coalition seems to be working well? Turkey's inflation rate was 91% last year. Progress is being made in Turkey according to business news. - State Minister Isin Celebi says Turkey's 1999 inflation rate target is 20-25 percent. infoseek.com :80/Content?arn=a0184LBY909reulb-19980617&qt=turkey&col=NX&kt=A&ak=news1486 This article by a British business writer seems almost like the product of a political flack for the ruling coalition. LONDON, June 16 (Reuters) - Turkey's ability to defy the emerging market weakening trend could continue for several more months unless political jitters intervene ahead of next year's elections, economists said on Tuesday. infoseek.com :80/Content?arn=a1396LBY318reulb-19980616&qt=turkey&col=NX&kt=A&ak=news1486 The International Monetary Fund likes Turkey's progress. ANKARA, June 17 (Reuters) - Turkey and the International Monetary Fund (IMF) began talks on Wednesday on an accord under which IMF staff would monitor the Turkish economy. ''The government does have a programme which is coherent and will move that process further. That is what we want to see in trying a staff monitored programme,'' said Martin Hardy, head of an IMF team which arrived in Turkey on late Tuesday. infoseek.com :80/Content?arn=a0376LBY003reulb-19980617&qt=turkey&col=NX&kt=A&ak=news1486 Coalition parties are lined up to approve the government's reform agenda. Do they approve of some tax exemption for Manova? It really wouldn't be a big loss of revenue for Turkey because waste oil conversion to diesel would be a tiny industry compared to the diesel market. ANKARA, June 17 (Reuters) - A key Turkish coalition party leader on Wednesday toned down opposition to a bid by Prime Minister Mesut Yilmaz to resign this year ahead of early general elections. ''We can't quite swallow this agreement,'' Husamettin Cindoruk, leader of a small conservative coalition partner told party MPs. ''(But) there are some laws which need to be brought out... we will put aside party interest for the benefit of the country and continue to carry these through,'' he said. infoseek.com :80/Content?arn=a1022LBY280reulb-19980617&qt=turkey&col=NX&kt=A&ak=news1486 Charles