The Javad GNSS system can be adapted to work with high-precision GPS devices including those already in the agriculture, surveying, construction and defense industries.

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There are already 42 segments of the economy getting payroll tax relief at the moment, including media and broadcast firms, construction and defense contractors, Estado reported.

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Turkey -- a country of 74 million people -- is one of Europe's fastest growing economies and is attracting investment from industries including automotive, power, construction and defense.

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On Wednesday, the Defense Ministry announced that Israel is speeding up construction of the border fence between Egypt and Israel.

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The way to achieve this is through the construction of an effective system of ballistic missile defense.

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According to media reports, Prime Minister Binyamin Netanyahu has authorized Defense Minister Ehud Barak to offer to freeze all settlement construction for three months during his visit to Washington this week.

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Since defense workers in both the public and private sectors usually make more money than people employed in the construction trades, their spending probably has a stronger impact on the rest of the economy.

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