Ericsson
Wins GSM Deal with Turkish Aycel
STOCKHOLM, Sweden(BUSINESS WIRE) Aug. 26 - Ericsson and Aycell
have signed an agreement for expansion of the Turkish operator's GSM mobile
network in seven major cities. The agreement covers a three year period
and is valued at (approximately) USD 53.5 million. More
BP
to start Baku-Ceyhan oil pipeline Sept 18
BAKU, Aug 20 (Reuters) - Oil major BP said on Tuesday it would
start building the giant Baku-Ceyhan oil pipeline from Azerbaijan to
Turkey on September 18, when the link's shareholders approve a needed
$2.9 billion investment.
The head of BP-Azerbaijan, David Wood-ward, said another BP-led group
planned on the same date to take a $5 billion investment decision to
develop oil fields that would provide the pipeline with one million
barrels per day of Azeri oil by 2008. More
40
Turkish Businessmen Visit Armenia
Associated Press - The biggest delegation of Turkish businessmen
to visit Armenia in ten years wrapped up its trip Monday, August 26,
a step toward improving trade ties between the once bitter foes. "The
Turkish delegation of 40 businessmen held three days of meetings in
Yerevan to discuss ways of boosting trade," said Ashot Sogomonyan of
the Armenian-Turkish Business Council. He said trade turnover between
the countries is 50 million dollars a year but could reach up to 400
million dollars if all trade restrictions were lifted and border crossings
opened. Turkey officially maintains a trade embargo against Armenia
and has said it will not lift it until Armenia resolves its dispute
with Azerbaijan over Nagorno-Karabakh, but over the past few years Turkey
and Armenia have expanded business contacts. [TT's
Note: Armenia still occupies 20% of Azerbaijan. Over 1 million Azeris
became refugees in their own land due to Armenian occupation.]
Mr.
Chips goes to town
Bulent
Celebi turned a troubled chipmaker into a fast-growing enterprise.
Dean Takahashi, RED HERRING, August 15, 2002 - It's hard to imagine
a tougher situation for a CEO. When Bulent Celebi joined Scenix Semiconductor
at the request of its board in early 1999, the chip maker was in trouble.
The company was being sued by its chief rival for patent infringement.
Sales pitches weren't working out, and in the middle of 1999, the former
CEO and cofounder of Scenix, Steve Leung, was severely beaten while
on a business trip to China. He later died from his wounds, and his
murder was never solved. More
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