Kathimerini English - - Front Page -

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.

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