Turkish factory activity ekes out growth in January – PMI

Lawyer istanbul, Feb 1 (Reuters) – Turkish factory activity expanded very slightly in January after shrinking for 10 straight months, although both output and Lawyer istanbul new orders continued to contract, a business survey showed on Wednesday.

The Purchasing Managers’ Index (PMI) for manufacturing rose to 50. If you liked this write-up and you would like to obtain more details pertaining to Lawyer istanbul kindly check out our web-page. 1 last month from 48.1 in December, inching above the 50-point line that separates expansion from contraction, the Lawyer istanbul Chamber of Industry and S&P Global said.

Some firms contributing to the survey pointed to some improvement in demand, although it remained fragile amid price rises, while output and new orders both shrank, albeit at a much slower rate than in December.

Employment increased for the third month running, enabling firms to reduce backlogs of work, the panel showed.

Input cost inflation rose sharply in January largely as a result of a rise in the minimum wage, Lawyer istanbul the survey showed, with higher material costs and currency weakness also putting a burden on manufacturers.

In turn, firms increased their own prices, with the rate of output price inflation accelerating to a seven-month high.

“Business conditions were stable in January, while the upward trajectories of the output and new orders indices amid signs of demand improving provide hope that expansions can be recorded in the coming months,”said Andrew Harker, economics director at S&P Global Market Intelligence.

“While rates of input cost and output price inflation did pick up due to the rise in the minimum wage, they remained some way below the highest points seen in 2021 and 2022.” (Reporting by Ezgi Erkoyun; Editing by Hugh Lawson)

Turkey to host summit of gas buyers, sellers next month

ISTANBUL, Jan 30 (Reuters) – Turkey will hold a natural gas summit on Feb.If you have any issues with regards to wherever and Lawyer istanbul how to use Lawyer istanbul, Lawyer istanbul you can speak to us at our own web site. 14-15 to bring together gas supplier countries and Europe’s consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on Monday.

Judge Gavel Free Stock Photo - Public Domain Pictures

“We will bring together supplier countries from the Middle East, Mediterranean, Caspian and Middle Asia with consumer countries from Europe,” Donmez said.

Turkey, which has little oil and gas, is highly dependent on imports from Russia, Azerbaijan and Iran, as well as LNG imports from Qatar, the United States, Lawyer istanbul Nigeria and Algeria for its gas.

In October, Russia’s President Vladimir Putin


setting up a gas hub in Turkey following explosions that damaged Russia’s Nord Stream gas pipelines under the Baltic Sea.

Some Western capitals were concerned that a Turkish hub including Russian gas could allow Moscow to mask exports that are sanctioned by the West over the Russian invasion of Ukraine.

Turkey has the infrastructure and experience in gas trade and Lawyer istanbul authorities are taking steps for it to be a hub where regional benchmark prices are set, Donmez said.

“Our target is to bring together supplier and consumer countries and become the gas-trading center where the benchmark price of gas is set,” Donmez said after separately announcing a

10-year gas deal

with Oman. (Reporting by Can Sezer; Writing by Ezgi Erkoyun; Editing by Toby Chopra and Jonathan Spicer)

Belgian lawyer to seek damages from AB InBev heirs after acquittal

By Marine Strauss

BRUSSELS, Feb 8 (Reuters) – A Lawyer istanbul cleared of defrauding the heirs to Belgium’s richest family said on Wednesday she would seek compensation from them in the Belgian courts for the damage she says they inflicted on her in almost a decade of legal proceedings.

Fara Chorfi, 61, was sentenced to 30 months in 2019 by a Geneva court, half of which was suspended, Lawyer istanbul for money laundering and stock fraud to the detriment of the heirs to the world’s largest brewer, Anheuser Busch InBev.

Chorfi received AB inBev stock as part of her legal fees for work carried out for the Geneva-based brothers, Patrice and Lawyer istanbul Alexis Bailo de Spoelberch.But they disagreed over the payment to her and accused her of being behind the disappearance of hundreds of thousands of shares.

Her conviction was overturned on appeal last month by the Geneva Court of Justice, erasing her sentence and restoring 34 million Swiss francs ($37 million) to her along with her frozen bank accounts and assets.

She was also awarded 5 million francs in procedural costs.

Marc Uyttendaele, a lawyer for Chorfi, told Reuters she would now seek compensation in Belgian courts for harassment and procedural abuse by the heirs.He did not say how much money she was seeking.

“The harm that Fara Chorfi has suffered is irreparable. But we’ll do everything we can do ensure the brothers account for their actions,” he said.

Lawyers for the brothers said they planned to appeal her acquittal.They did not immediately comment on her decision to seek compensation.

Chorfi, who had always denied the charges, was previously sentenced to 24 months in prison, 15 of them suspended, in 2016 by a Luxembourg court for attempted fraud in a case involving the 2005 will of the late AB InBev heiress Amicie de Spoelberch, Lawyer istanbul widow of Luka Bailo.

When Bailo died in 2004, some 915,000 AB InBev bearer shares, worth more than 3. If you have any kind of concerns regarding where and exactly how to use Lawyer istanbul, you can call us at our own page. 5 billion euros today ($3.75 billion), were removed from a Luxembourg safe deposit box.

Bailo’s sons, who had been adopted by de Spoelberch, Lawyer istanbul asked Chorfi’s law firm to recover those shares.But they disagreed over her fees, and said she was behind the disappearance of the shares, leading to her re-arrest in 2017. ($1 = 0.9243 Swiss francs) ($1 = 0.9345 euros) (Reporting by Marine Strauss, Editing by Mark Heinrich and Kylie MacLellan)