Turkey’s industrial output up 6.6 percent
Turkey’s industrial output increased by 6.6 percent during the month of June compared to figures from the same month last year, reported the nation’s State Institute of Statistics (DIE). After an extended slump since the onset of the economic crises in February 2001, industrial production began to rise for the first time in March and continued on to June.
In December 2001, Turkey launched a series of measures to help speed up a recovery in the country's industrial and commercial sectors, badly hit by a severe economic crisis that has plagued the country since February. The package aimed primarily to facilitate loan repayments for troubled companies, ease tax burdens and make investment incentives more efficient. — (menareport.com)
© 2002 Mena Report (www.menareport.com)