World Bulletin / News Desk
Director General of Otokar said that the Altay tank's prototype will be ready for tests in the last quarter of 2012.
Turkey's Otokar company announced Monday that the first prototype of Turkey's national tank, Altay, would be ready by fall 2012.
Speaking to the Anadolu Agency (AA), Director General of Otokar, Serdar Gorguc, said that works were underway for the completion of the Altay tank project.
The Altay tank's prototype will be ready for tests in the last quarter of 2012, Gorguc noted.
Otokar, a company owned by Istanbul-based Koc Holding, is one of the major automotive manufacturers in Turkey. Otokar has produced more than 25,000 military vehicles to date.
The Altay tank is projected to have a 120 mm smoothbore gun and will be protected against chemical, biological and radioactive attacks. The planned maximum speed is set at 70 kilometers per hour.
Turkish defense industry exports increased by 21 percent in January-August period reaching over $1 billion, according to the national association of exporters.
High inflation figures are largely related to food prices, Turkey’s Deputy Prime Minister Ali Babacan said.
Turkish Aerospace Industries handed last four of modernized F-16 fighters to Pakistan in a ceremony in Ankara on Tuesday.
Tuesday's newspapers cover the corruption probe targeting President's Erdogan's son, PM Davutoglu’s unveiling of the new government program as well as more detentions in Turkey’s ‘wiretapping’ sweep.
Turkey's Foreign Ministry urged Israel to withdraw their decision and stick to international law.
'To open the Halki Seminary (historic theological Greek school) is easy, but Greek side should take similar steps,' said President Erdogan.
The Turkish Exporters' Assembly announced a 5.2 percent rise in exports for August.
Turkey’s Foreign Ministry rejected claims about the country’s general consulate staff in Mosul, who have been kept hostage by rebels in Iraq since June 11.
New Prime Minister Ahmet Davutoglu outlined the coming government’s program, highlighting the resolution of the Kurdish question.
The programme put emphasis on a strong economy, envisaging a monetary policy which stepped up the struggle against inflation but also supported growth and employment
Erdogan and Davutoglu, who was appointed prime minister last week, have both made clear that their efforts to curb Gulen's influence will continue in their new roles
Amasya MP Mehmet Naci Bostanci is elected ruling AK Party's new parliamentary group deputy chairman.
Turkey's President Erdogan made his first foreign visit to the Turkish Republic of Northern Cyprus as president on Monday.
Ali Babacan will retain overall responsibility for the economy in the new cabinet, government spokesman Bulent Arinc said
Monday's newspapers cover German weekly Der Spiegel’s claims on foreign spying on Turkey, Turkish intelligence service’s purchase of a lie detector and ongoing construction works of Turkey’s Eurasia Tunnel Project.
Turkey's president Recep Tayyip Erdogan said he will discuss the issue of spying claims on Turjey with American and German leaders at the upcoming NATO summit and U.N. general assembly.