This is the September 2007 edition of our email news service – The Turkish Update – which is issued every month. Our aim is to provide a concise and easy-to-read summary of developments in Turkey which may be of interest to our clients. If you have any comments please click on the 'Do you have a question for the author?' button to let us know your thoughts and any ideas that could enhance this service.
General
Abdullah Gul was elected to the Presidency of Turkey (with 399 affirmative votes) in the third round of parliamentary elections on 28 August. Gul was previously the foreign minister in the Turkish Government.
Media
In April, the SDIF took over Sabah and ATV when the fund found out that former owner of the companies, Dinc Bilgin, and the last owner, Turgay Ciner, concealed some protocols and contracts from the SDIF. Following this takeover the SDIF decided to sell the Sabah-ATV Group and set the date of the auction to 7 November. The estimated sale value of the group, which
