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December 1- Revaluation rate was set as 53.2 percent.
December 2- SDIF transferred EGS Bank`s and Iktisat Bankasi`s deposits to other banks.
December 3- IMF delegation came to Turkey to discuss the technical details of the new economic programme and 10 billion U.S. dollars of supplementary source. Prime Ministry circular on savings was issued.
December 5- Constitutional Court rejected request for abolition of law which foresees privatization of Vakifbank. Internet server Ixir withdrew from the sector and transferred its subscribers to Superonline.
December 6- SDIF announced the bids for transfer of banks` deposits. A polemic started between State Minister Dervis and DPT after Dervis had criticized DPT about the Pre-Accession Economic Programme presented to the EU.
December 7- BRSA decided to close down Iktisat Bankasi.
December 10- It was announced that industrial output reduced by 13.5 percent in October.
December 11- FIAT dismissed its CEO Roberto Testore who worked for five years at FIAT and announced that it would close down its 18 factories in different countries. The interest rate reduced below 74 percent in the bond auction held by Treasury. Dogus Holding decided to merge its supermarket chain Tansas with its another supermarket chain Makromarket.
December 12- TOFAS produced its 100.000th Doblo. Press organs reported that Koc Holding would ``marry`` Italian UniCredito in field of finance. Bulent Ozaydinli was appointed as the CEO at Koc Holding as of beginning of 2002. 2002 fiscal year budget was approved.
December 13- Council of Ministers decided to declare southern province of Mersin as disaster area due to flood disaster in the province. Treasury annulled Akdeniz Insurance`s licence for signing contracts. Akbank became partner of Akhayat insurance company with a 70.52 percent stake. BRSA approved merger of Demirbank with HSCB and merger of Osmanli Bankasi with Garanti Bankasi. SDIF announced the results of bids submitted for transfer of banks` deposits. SDIF signed a conract with McKinsey for counselling services. BRSA closed down Kentbank and Etibank as of December 28.
December 14- Aycell started commercial activitities. Compromise was reached with IMF on new economic programme and supplementary source.
December 15- Cimentas was sold to Italians in return for 227 million U.S. dollars.
December 19- Amounts and rates of stamp duty, charges, duties
and obligatory traffic insurance were determined. Shares of Turkish jewelry
company Goldas were quoted at Frankfurt Stock Exchange.
An auction was opened for ``block sale`` of all or some of the Directorate
General of Foundations` Group A and Group B shares in Vakiflar Bankasi.
