"Weak dollar seen to boost Turkish defense spending
Monday, February 14, 2005
Defense Analysis
Procurement officials say Turkey's economic recovery from the twin financial crises of 2000 and 2001 has stabilized the lira, and given a major boost to Ankara's ability to finance its defense programs
ANKARA - Exclusive by TDN Defense Desk
For a change, Turkey's buyers in the international arms market are enjoying a parity advantage due to a weak dollar. Turkey's defense budget, in dollar terms, is projected to rise by almost 8 percent to $10.033 billion this year from $9.305 billion in 2004."
More:Turkish Daily News
