Economy

Turkey plans to build an organized industrial zone in the Palestinian city of Jenin in the West Bank, according to a new memorandum of understanding.

Turkish Science, Industry and Technology Minister Fikri Işık and Palestinian Deputy Prime Minister and National Economy Minister Mohammed Mostafa signed the deal late on Nov. 26.

Turkey’s leading telecommunications and technology company Turkcell has joined a select group of international companies that have inspired Harvard Business School case studies.

The case study on Turkcell has recently been published and will initially be taught on the school’s MBA program as a part of the required curriculum.

EU Commission President Jean-Claude Juncker is set to announce what he describes as an investment package of EUR 315 B for the next three years.

The so-called "Investment Plan" is aimed at boosting the growth of EU economy by 0.7 to one percent and opening a million new jobs.

Banking sector has high level of NPLs

BELGRADE -- IMF resident representative in Serbia Daehaeng Kim stated on Tuesday that the stake of non-performing loans (NLPs) in Serbia's banking sector totals 23 percent.

Only Greece and Cyprus have a higher level of NLPs, he explained.

Greece has made some headway in tackling rampant graft at home but urgently needs to crack down on bribes paid to foreign public officials aimed at winning contracts overseas, the OECD said in a report on Friday.