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Turkey Unveils Package to Boost Hard-hit Tourism Industry

Turkish Prime Minister Ahmet Davutoglu this week unveiled a financial package aimed at boosting the country's flagging tourism industry, including a 255 million lira ($87 million) grant and a facility to allow tourism firms to restructure debt. Turkey's tourism — the lifeline of the country's fragile economy — is facing one of its most difficult years because of multiple security threats. Turkey is especially popular with German tourists, but has seen bookings fall after a...

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