World Bulletin / News Desk
Turkish Economy Minister Zafer Caglayan has predicted that his country's year-end GDP growth rate would stand at 4 percent.
"As we see in our Medium Term Program, we are confident that we will attain a growth rate of 4 percent," Caglayan told reporters in a press conference on economy's performance in the first half of 2012.
Caglayan said economy had grown 9.2 percent and 8.5 percent in 2010 and 2011, respectively, adding that the country had achieved an average of 8.1 percent growth rate for the 10th quarter in a row with a Q1 2012 growth figure of 3.2 percent.
"Turkey's current account deficit continued to drop for the 8th consecutive month. It was down by 30 percent from
TRY44.7 billion to TRY31.1 billion. And on monthly basis, the economy had seen the lowest current deficit figure in June in 10 months with TRY4.2 billion," he said.
The Turkish minister said the country's recent unemployment figure was to 8.2 percent, which he said was the lowest figure achieved so far, adding that the economy created nearly 2 million jobs in Q2.
Caglayan predicted that Turkey's exports had increased 13.4 percent in the first half of 2012 to reach $74.4 billion from $65.6 billion in the same period in 2012.
Caglayan said Turkey's exports to markets excluding the European Union had increased 33 percent as exports to the EU had dropped 6.8 percent.
Trade deficit continued to decrease for the 8th consecutive month from $54.2 billion in the first half of 2011 to $42.7 billion in the first half this year, he said, adding that the reduction owed to a hike of $8.9 billion in exports and a drop of $2.6 billion.
Caglayan said ratio of exports to imports rose to 63.5 percent in the first half of 2012 from 54.8 percent in the same period a year earlier.
The economy minister said in the first six months of 2012, foreign direct investments in Turkey was up by 20 percent to reach $8.2 billion from $6.8 billion in the first half of 2011.
Caglayan said FDI flow in Turkey had totalled $117.8 billion since 2003, adding that year-end figure for 2012 was estimated to stand around $20 billion.
Turkish president Abdullah Gul has signed a decree officially bringing an end to special courts in Turkey.
While Standard & Poor's lists Ukraine and Turkey as highly vulnerable to shifting capital outflows, S&P credit analyst Moritz Kraemer says Ukraine's situation is 'completely different' than Turkey's.
Turkey's energy market attractive as it heavily depends on energy imports but tries to increase energy production domestically.
The explosion occurred when the soldier stepped on a device buried in the ground in a remote area in Sirnak
Fourteen Orthodox Church patriarchs and archbishops gather for 3-day meeting on invitation of Istanbul's Fener Greek Orthodox Patriarch Bartholomew.
Turkey's constitutional court ruled in favour of former military chief Ilker Basbug's appeal against his detention on a life sentence for plotting against the government, saying his right to freedom had been violated.
Defense and Aeronautical industry increased its exports by 18.3 percent in February 2014.
Turkey's statistics agency, Turkstat, says 2 million 747 thousand people were unemployed in Turkey in 2013, as the jobless rate rose by 9.7 percent compared to 2012.
Turkish dailies on Thursday dedicate their front pages mainly to Prime Minister Recep Tayyip Erdogan's remarks on the 'parallel state', his response to allegations over his interference in judicial process, his reply to whether he will continue in politics as prime minister should the AK lift the three-term restriction on MPs, and the latest developments in Ukraine's Crimea crisis with Russia.
Revealing the details of his meeting with Turkish foreign minister Ahmet Davutoglu last week in the Ukrainian capital Kiev, Jemilev said that Davutoglu promised that Turkey would get involved if the Crimean Tatars came under threat.
Poland's President Bronislaw Komorowski was on an official visit to Turkey to discuss closer ties and celebrate the 600 year anniversary of diplomatic relations between the two countries.
Turkey's Science Minister Fikri Isik said “Any internal structure in Turkey, referring to a 'parallel state', could not undertake large-scale illegal wiretapping without external support.”
Singapore Airlines and Turkish Airlines agree more flights, new destinations in codesharing deal.
Turkish PM Recep Tayyip Erdogan said that Turkey is not against the freedom of media but it is against illegal attempts by certain media groups.
The revelation comes just a day after Russian warships also made their way through the Bosphorus on their way to Crimea, which lies on the other side of the Black Sea north of Turkey.
Turkish dailies on Wednesday cover Russia's decision to withdraw its troops back from the Autonomous Republic of Crimea; Russian troops' warning shots at Ukrainian soldiers, and its long-range missile test. They also cover Turkish Prime Minister Erdogan's statements during his public address in a local election rally.