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Turkey moved to minimize the financial fallout from a sharp drop in tourism by creating new rules to govern the $17 billion that local hospitality firms owe the banks.Until the end of the year, banks will be able to restructure loans granted to tourism businesses twice before declaring them nonperforming, according to the measure published today in Turkey's Official Gazette.Turkey's tourism industry, which accounts for 5 percent of gross domestic product, is suffering from low visitor numbers following a series of terrorist attacks in major cities.
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