OECD-Turkey.

grou Avenue, closed its doors in late May following financial difficulties. The hotel’s starting price of 47.8 million euros is expected to be lower in the second round, sources said. Reports suggested some 200 former employees of the hotel are owed about 5 million euros in wages and compensation.

Ankara needs to invest more in education and research, deepen trade agreements and strengthen the rule of law if it is to increase productivity and boost Turkish exports, the OECD said yesterday. In a broad survey, the Organization for Economic Cooperation and Development urged the government to put its promised reforms in education, governance, labor and taxes into action, noting that they had been delayed by repeated elections.