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The article offers information on newly established The Turkish Industrial Development Bank in Turkey.

The article looks at the economic and industrial prospects for Turkey. The U.S. grant is expected to promote extensive private or public economic investment and industrial expansion. The estimated cost of the post-World War II industrial plans of Turkey is a billion dollars. Also cited are some of the projects included in the five-year plan of the country, one of which is the expansion of the linen mill at Bakirkoy.

The article presents information on the first export shipment of 570 vehicles made by Soviet Union, for export to Turkey, along with a photograph of a 4-cylinder passenger car, that was a part of the shipment.

The article reports that renovation work has started on the network of Civilian airports in Turkey.

The article reports on developments in business condition around the world. The business sector in Canada is optimistic over the crop outlook and the growth in spending power of the provinces. Business activities in France are experiencing a steady growth. The government in Turkey is controlling foreign exchange to combat the decline in price of main export products. Germany is hopeful that its minority problems in Czechoslovakia will be solved.

The article reports on the economic crisis facing Turkey in 1955. The country faces a challenge in getting foreign credit, has exhausted its gold reserves, and experiences a shortage of foreign exchange. The Turkish government has sought financial aid from the U.S. government, asking permission to avail of a long-term loan amounting to 300 million U.S. dollars.

The article analyzes the capabilities of the two power blocs fighting to control Europe. These blocs are the West bloc of 43 million people in the Balkan region including Greece, Turkey and Yugoslavia, and the Communist Russian bloc that includes Hungary, Romania, Bulgaria and Albania with support from Czechoslovakia and Russia. The two blocs are the same in degree of militarization but different in political and economic strategies and sources of foreign support.

The article profiles businessman Prodromos Athanasiadis, also known as Bodossakis, who controls about a third of Greece's heavy industry. It reveals that Athanasiadis was born a few miles from Istanbul, Turkey. It states that he believes that the Marshall Plan can bring peace and opportunity to Greece. It notes that he is planning to construct an oil refinery in Greece with the help of the Marshall Plan.

The article reports that the new trade agreement signed between Germany and Turkey to form a new bloc has fallen short of anticipated results. It is stated that the business will be transacted by the Ankara government on terms no more favorable to Germany. It is mentioned that the steady flow of funds from different countries to cover occupation costs is a further boost the plan of making a financial bloc. It is asserted that Turkey has refused to join the financial bloc.

The article reports on the plans for the Istanbul Hilton Hotel in Golden Horn, Turkey unveiled by the founder of Hilton Hotels Corp., Conrad Hilton.

The article reports that Turkey is being targeted in the ongoing World War II by Great Britain and Germany.

The article presents information on several issues related to war and business in February 1940. U.S. Under Secretary of State Sumner Welles will be leaving for conferences with top officials in Germany, England and France. A commercial pact between England and Turkey which was signed in October 1938 will go into effect February 19, 1939. A plane is being produced everyday by an American-owned airplane factory in China near the Burma border.

The article reports that Washington officials have decreed the acceptance of the Turkish government ruling in 1930 changing the name of the city of Constantinople to Istanbul instead.