TURKIYE

WE HAVE TAKEN NECESSARY MEASURES

Prime Minister Recep Tayyip Erdogan said Turkish economy, thanks to its strong structure, resisted against the economic crisis in the world.

Referring to the crisis in 2001, Erdogan said necessary lesson were taken from the sorrowful experiences, "otherwise, we could have received a heavy blow today".

PRESIDENT GUL TO GO ON EU TOUR

President Abdullah Gul, who in every opportunity state that he attaches great importance to EU process, is getting ready for a new diplomacy traffic.

Gul will pay visits to Finland, France, Estonia and Germany.

ZAMAN

TURKEY RIDES OUT CRISIS AFTER RAMADAN FEAST

Chairman of Istanbul Stock Exchange (IMKB) Huseyin Erkan said it was a chance that IMKB was closed because of the Ramadan Feast. "We were affected the least from the outside fluctuations. We should not act in panic."

TURKISH SCHOOL CONTRIBUTES TO INTEGRATION

Success of private schools opened by Turkish entrepreneurs in Germany continue to appear in media of this country.

Der Spiegel magazine in its edition eulogize TUDESB high school opened by Turkish entrepreneurs in Berlin.

YENI SAFAK

ERDOGAN: GOVERNMENT CLOSELY MONITORS BANKS

Prime Minister Recep Tayyip Erdogan said Banking Regulatory and Supervision Agency (BDDK) was closely following the banks, "Both Fortis and Deixa are under serious inspection of BDDK. I don't think there will be any problem."

INFLATION FIGURES FOR SEPTEMBER GIVES HOPE

Turkish Board of Statistics (TUIK) announced on Friday that consumer prices index (TUFE) increased 0.45 percent in September, 2008. Also producer prices index (UFE) dropped 0.90 percent in the same month, added TUIK.

The annual inflation rate as of September was 11.13 percent in TUFE, and 12.49 percent in UFE.

Experts said the figures were positive, and noted that it could be possible to achieve single digit inflation figures by the end of the year.


VATAN

CRISIS DESK TO BE ESTABLISHED

Government has decided to establish a "follow-up commission", including three ministers, to overcome the gradually deepening global crisis with the least damage.

State Minister for Economy Nazim Ekren will chair the commission which will also include State Minister for Treasury Mehmet Simsel and Finance Minister Kemal Unakitan.

IZNIK TILE AT PUBLIC SALE

Christie's Auction House will put up a collection, comprising Indian and Islam works of art, to auction on October 7th.

An Iznik tile of the Ottoman Period is the most striking piece of the collection.

The tile, delineating the Kaaba and surroundings, is expected to be put to sale for 250,000 Sterling.

CUMHURIYET

ERDOGAN PUTS A BRAVE FACE ON THINGS

Justice and Development (AK) Party Administration maintains its relaxed attitude against the economic crisis that troubles the U.S and Europe. PM Recep Tayyip Erdogan said the banking system and the economic structure were firm. "We are closely watching the developments. For now, there is no danger for our country," said Erdogan.

Commenting on the issue, Prof. Korkut Boratav said AK Party had no measures to take in the face of growing financial crisis, with its current financial approach. "It is too late for taking measures," said Boratav.

NATIONAL STOCK EXCHANGE INDEX DROPS

Stocks lost 4.16 percent in value at the Istanbul Stock Exchange(IMKB) which was focused on the voting on U.S. govenrment's 700 billion USD bail out plan at the U.S. house of representatives. IMKB National 100 Index rose by 732.1 points in the afternoon session and closed at 34,533 points.


RADIKAL

NATIONAL STOCK EXHANGE CRASHES, U.S. DOLLAR ON THE RISE

Due to concerns about the bail out plan of the U.S. treasury, and American economy, Istanbul Stock Exchange(IMKB) National 100 Index dropped by 4.16 percent and closed at 34,553 points. The U.S. dollar rose to 1,3035 YTL and the benchmark interest rate to 20 percent.

The trading volume was very low at IMKB where the index was down by 1498 points. Analysts said foreign investors sold the stocks they held. Bankers said foreign investors bought large sums of USD, while local investors mostly sold the USD reserves they held.

The USD closed the day at a value of 1.305 YTL.

PM ERDOGAN: WARNS AGAINST CREDIT CARDS

PM Recep Tayyip Erdogan said Turkey would emerge from the global financial turbulence with the least negative effects, noting that they were working on precautions regarding credit cards, cheques, and consumer loans.


HURRIYET

PRESIDENT GUL TO TRAVEL TO CERN

Turkish President Abdullah Gul will pay a visit to European Organization for Nuclear Research, CERN, where the experiment of Large Hadron Collider (LHC) was made.

Gul will also address at a meeting of the International Relations Institute organized in Evian city of France on Sunday before visiting CERN.

SMILING ATATURK IN TURKISH LIRA

Turkish banknotes, which be in use as of January 1, 2009 will have Ataturk portraits on one side.
The Turkish banknotes, which are currently in use, can be used till January 2010.

GREAT EXCITEMENT OF KOKSAL TOPTAN

Parliament Speaker Koksal Toptan closely follows an important project in the past one year. Toptan is getting ready to host parliament speakers of the world in 2010 in Turkey on the ruins of the first elected parliament of the world in Patara.


MILLIYET

FINALLY, ECONOMIC CRISIS ON AGENDA

PM Recep Tayyip Erdogan said they did not want to see a weakness due to ATM cards, cheques, credit cards, or consumer loans and noted they were planning to take the necessary precautions.

Erdogan said they were in constant contact with the Banks Union, Bank Regulation and Supervision Agency (BDDK) and international markets. Erdogan pointed out that all foreign banks in Turkey were monitored by BBDK, including Dexia and Fortis and urged all depositors to be calm.

Erdogan said unlike the present crisis there were credit risks in Turkey during the 2001 economic crisis amounting to 30-35 percent noting that at present the banks were determined and cautious. He said "of course we will not be overcome by languor, but we didn't have any problems so far."

TURKISH LIRA TO BE REINTRODUCED AFTER FOUR YEARS

Turkey's official currency will be "Turkish Lira" once again on January 1st 2009, after a four year break. Three different portraits of Ataturk will be printed on the front side of the banknotes, while the backsides will have portraits of different figures.


SABAH

HERE IS THE NEW TURKSH BANKNOTE

There are the pictures of historical people like Yunus Emre and Itri on the Turkish banknotes that would be in use as of January 1.

Motives like Kardelen flower and Bogazici Strait were used in coins.

There is a smiling photograph of Mustafa Kemal Ataturk, the founder of the modern Turkish Republic, on the banknotes.

YTL will be removed from use at the end of 2009.

WE RESIST TO GLOBAL CRISIS

Prime Minister Recep Tayyip Erdogan, while commenting on the global crisis, said all Turkish institutions were closely monitoring the developments.

Erdogan said, "necessary measures are taken without any hesitation and we will be the country that is affected the least from the crisis."

AA