Swedish cosmetic company Oriflame’s Turkish branch recorded a 25 percent sales growth over the course of 2001, confirming that the female population continues to purchase beauty products despite the economic crisis burdening the nation, reported Milliyet .
Turkey has been struggling with severe economic problems since February 2001 when a banking sector crisis forced the government to put a halt on the pegged exchange rate regime, interrupting a disinflation program backed by the International Monetary Fund (IMF). — (menareport.com)
© 2002 Mena Report (www.menareport.com)
