News for today's 2018

TURKEY: ALWAYS A FORCE TO RECKON WITH

<br /> <br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxPX-y45ZY8IUksSTqEPZa3QKVL4Ooic6p8umSMDGKb2TE5z3I9l1kndkIzwLaxAtewUG8fSAz7N99GEQF02jPDamvh5xy6FtHLjT0D3CV47cLbP513WPKuj6mo4mzRe5bOEb53gGEYU1P/s1600/b608b5e2-add9-4d90-bfed-2782bdc10f35-444x333.jpeg.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxPX-y45ZY8IUksSTqEPZa3QKVL4Ooic6p8umSMDGKb2TE5z3I9l1kndkIzwLaxAtewUG8fSAz7N99GEQF02jPDamvh5xy6FtHLjT0D3CV47cLbP513WPKuj6mo4mzRe5bOEb53gGEYU1P/s320/b608b5e2-add9-4d90-bfed-2782bdc10f35-444x333.jpeg.jpg" width="320" /></a></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: center;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></b></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-indent: .5in;"><br /></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: center;"><span style="color: red;"><span style="font-size: x-large;"><b><span style="font-family: "Times New Roman","serif";">TURKEY TO PAY OFF ITS IMF DEBTS IN 2013</span></b></span></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><br /></div><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">TURKISH Premier Recep Tayyip Erdogan stated that TURKEY'S debt to the International Monetary Fund (IMF) was 23.5 billion USD in 2002 due to stand-by agreements and that this debt went down to 1.7 billion USD in 2012.</span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">TURKEY'S debt to the IMF will be paid completely by April 2013, Erdogan stressed as he addressed the participants of the World Economic Forum (WEF) on EUROPE, the MIDDLE EAST, NORTH AFRICA and CENTRAL ASIA taking place under the title "Uniting Regions in Transformation"</span></span></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">"I am pleased to see the WEF meeting taking place in Istanbul. I am thankful to all those who made the forum possible in Istanbul," Erdogan noted.</span></span></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">"I find the forum in Istanbul, with the heading "Uniting Regions in Transformation", highly well-timed and meaningful," Erdogan stated.</span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="color: blue;"><span style="font-size: large;"><b><span style="font-family: "Times New Roman","serif";">CURBING IN CORRUPTION, THE KEY TO SUCCESS </span></b></span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">Despite all difficulties and problems in a tough geography, TURKEY continues to develop with stability and democracy and protects its identity of being a secure island, Erdogan underlined and added that this kind of things are possible when corruption is curbed.</span></span></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">It is clear that any country which runs away from regional cooperation in the CAUCASUS, MIDDLE EAST, NORTH AFRICA and BALKANS will be deprived of not only prosperity but tranquility, stability and security as well, Erdogan stressed.</span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="color: blue;"><span style="font-size: large;"> </span></span><div class="MsoNormal" style="line-height: normal;"><span style="color: blue;"><span style="font-size: large;"><b><span style="font-family: "Times New Roman","serif";">ECONOMIC FIGURES</span></b></span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">Historically, from 2000 until 2011, TURKEY Government Debt to GDP averaged 53.1 Percent reaching an all time high of 77.9 Percent in December of 2001 and a record low of 39.4 Percent in December of 2011. <a href="http://www.tradingeconomics.com/turkey/government-debt-to-gdp" target="_blank"><span style="color: mediumblue;">Eurostat now reports</span></a>that debt to GDP ratio to be the loves ever.  </span></span></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">In the past 10 years, the TURKISH economy grew around 5.3 percent annually. Considering the global financial crisis in the past decade, an annual growth of 5.3 percent is an important achievement.</span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">In 2011, TURKEY was the second country in the world after CHINA with its growth figure of 8.5 percent. While TURKEY'S national income was 230 billion USD in 2002, this figure jumped to 772 billion USD in 2011. Income per capita in TURKEY went up to 10,444 USD in 2011. By the end of 2011, TURKEY'S foreign trade volume went up to 376 billion USD from 88 billion USD in 2002. TURKEY'S tourism income was recorded as 23.5 billion USD in 2011. Direct international investments in TURKEY in 2011 were worth 16 billion USD.</span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">While TURKEY'S economic figures may have been negatively affected in 2009 due to the serious global financial crisis, economic figures in TURKEY today are better than they were prior to the crisis.</span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="color: blue;"><span style="font-size: large;"><b><span style="font-family: "Times New Roman","serif";">TURKEY'S 2013 GROWTH PREDICTIONS ARE POSITIVE</span></b></span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">International Monetary Fund (IMF) predicts TURKEY would grow 3.5 percent in 2013 while predictions about TURKEY'S growth rate by Organization for Economic Cooperation and Development (OECD), World Bank, European Commission global investment bank Goldman Sachs are 4.6 percent, 4 percent, 4.6 percent and 6.8 percent, respectively.</span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">International establishments' highest growth predictions are being made towards CHINA. IMF predicts CHINESE growth for 2013 as 8.2, OECD as 9.3, World Bank as 8.6, EUROPEAN Commission as 8.2 percent.</span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">On the other hand, between the country groups, the lowest growth expectation is for EUROPEAN Zone. IMF's expectation for Euro zone is 0.2, OECD's 0.9, World Bank's 0.7 and EUROPEAN Commission's 1 percent.</span></span></div><div class="MsoNormal" style="line-height: normal;"><br /></div><span style="font-size: large;"> </span><div class="MsoNormal" style="line-height: normal;"><span style="font-size: large;"><span style="font-family: "Times New Roman","serif";">IMF World Economic Outlook report predicts world growth of IMF in 2013 is expected as 3.6 percent.</span></span></div><span style="font-size: large;"> </span><div class="MsoNormal"><br /></div>

TURKEY: ALWAYS A FORCE TO RECKON WITH

TURKEY TO PAY OFF ITS IMF DEBTS IN 2013 TURKISH Premier Recep Tayyip Erdogan stated that TURKEY'S debt to the International Monetary Fu...

TURKEY: ALWAYS A FORCE TO RECKON WITH

Ads

Archive