Turkey

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Turkey's aviation analysts pricked up their ears this week following the announcement by Pegasus Airlines that partnership negotiations with Onur Air - a no-frills competitor - were continuing and should be completed within one month.
Foreign investors are seeking to get a greater piece of the action as commercial space and residential real estate multiplies across Turkey's main urban hubs.
Turkey's largest mobile operator has reason to be frustrated this week following the cancellation of its successful bid on September 19 for an A-type third generation (3G) mobile phone licence - the greatest bandwidth from a total of four.
Istanbul officials were relieved to hear that only 30 people were slightly injured when a Turkish passenger ferry collided with a Ukrainian-flagged cargo ship off the Zeytinburnu district on the Sea of Marmara in late August.
When Turkey's first ever mortgage law was passed in February 2007, market analysts made only cautious projections about the near-to-medium term impact on the real estate market.
They say that persistence pays off - a motto with which Turkey's former foreign minister Abdullah Gul can certainly associate.

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