Turkey

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Amid growing controversy over unpaid debts and declining wholesale prices, Turkey's Hazelnut Growers Union (Fiskobirlik) has become the centre of growing unrest concerning the agricultural policy of the ruling Justice and Development Party (AKP).
On July 25, during talks held in Washington, US President George W Bush and Iraqi Prime Minister Nuri al-Maliki agreed on a range of measures to combat militants from the Kurdistan Workers' Party (PKK) in northern Iraq.
On July 13, regional leaders gathered in the southern Turkish port city of Ceyhan to celebrate the official opening of the Baku-Tbilisi-Ceyhan (BTC) pipeline.
On July 11, Turkish Minister of State Ali Babacan held a conference for members of the international press, in which he laid out the government's long-term economic plans and admitted that the country will likely miss its 2006 inflation target of 5%.
Despite strong expectations that inflation would soar in June on the back of the declining value of the Turkish lira and the tumbling Istanbul Stock Exchange (IMKB), recently-released June figures revealed a lower than anticipated increase in the consumer price index (CPI).
On June 22, Turkish Finance Minister Kemal Unakitan unveiled plans to remove the 15% withholding tax for foreign investors and reduce it to 10% for their domestic counterparts, in the hope of restoring foreign investor confidence.

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