Xinhua world economic news summary at 0900 GMT, Nov. 5

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ISTANBUL -- Turkish President Recep Tayyip Erdogan on Saturday said Türkiye was proceeding on the path of having a rapidly growing electric vehicle (EV) market after launching its first domestically-produced electric car TOGG last year.

Speaking at the inauguration ceremony of a car factory in the northwestern province of Kocaeli, Erdogan suggested that there would be fierce competition between the existing EV companies and the arrival of new actors into the market. (Türkiye-EV-Market)

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MOSCOW -- Russia's economy is expected to increase by about 2.8 percent in 2023 after shrinking 2 percent last year, Russia's Tass news agency reported Saturday, citing Finance Minister Anton Siluanov.

"We expect the economy to grow around 2.8 to 3 percent this year. We have fully compensated for the 2 percent decrease in growth rate that happened last year," he said. (Russia-GDP-Growth)

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KIGALI -- Julia Simpson, the chief executive officer (CEO) of the World Travel & Tourism Council (WTTC), said the sector's recovery from the COVID-19 pandemic was well underway while urging governments to further ease visa application procedures.

Governments should work to ease visa restrictions and accelerate the process of visa applications in a bid to further support international tourism, suggested Simpson, who is also the council's president, on the sidelines of the 23rd WTTC Global Summit which took place in Rwanda's capital Kigali from Nov. 1-3. (Rwanda-WTTC-Visa Procedure)

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YANGON -- Myanmar received over 880,000 international tourists in the first nine months of 2023, the state-run daily The Global New Light of Myanmar reported, citing the Ministry of Hotels and Tourism, on Saturday.

The figure was 751,216 for the period between January and August this year, official data showed. (Myanmar-Tourism-Industry) Enditem

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