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Monday, June 22, 2015

Large industry losing blood - ECONOMICS

Large industry losing blood

Mustafa Sönmez - mustafasnmz@hotmail.com

It has been proven by data from “Turkey’s Top 500 Industrial Enterprises - 2014” that the construction-focused, domestic market-oriented growth path which has been pursued for the past 10 years does not generate any foreign currency and has caused a significant loss of blood in Turkey’s manufacturing industry while eroding its competitive power. It has been determined that industry firms are under a heavy debt and interest rate burden.

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