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.
Presidential system is the right thing for Turkey, says Turkish PM Ahmet Davutoglu
Armenian experts talking to The Anadolu Agency believe the two historically hostile countries could start a new phase after 2015.
Alimoglu said the NGO would occasionally dispatch doctors from Turkey to Gaza for difficult cases that Gazan doctors could not treat or that required competencies not available in the enclave.
Prosecutors said the Tuvalu-registered 5,095 deadweight tonne ship Kanton was being held in the Ukrainian port of Kherson. They said the crew could go to jail for up to three years and the ship could be seized.
Yalcin Akdogan said the support for the solution process is beyond AK Party’s electoral base.
Saudi King shares information with Turkish President about military operation and airstrikes against Houthis.
-Minister of Economy Nihat Zeybekci says Turks and Tatars have blood ties, and so need to further each others' interests.
Turkish dailies on Friday mainly focus on the latest developments on Tuesday's deadly plane crash in the French Alps plus the escalating crisis in Yemen
A campaign to train Syrian opposition forces to fight hardline ISIL militants, which was due to start this month, has been delayed by Washington, Turkey's foreign minister said on Friday.
The legislation has sparked fierce criticism from opposition parties who say the ruling AK Party is becoming more authoritarian. Members of Turkey's restive Kurdish minority say the law could be used to target them.
The rocket that was fired by Syrian government forces across the Turkish border on March 24 exploded in the Reyhanlı district of the southern province of Hatay.
Turkey's biggest and Europe's third biggest Synagogue unveils 46 years later over restored for Jewish population
The Turkish General Staff has dismissed allegations that the "Turkish Armed Forces collaborated with terrorist groups like the PKK or the PYD"
The 50-year-old engineer was found at a cemetery in Turkey’s northwestern province of Yalova.
Turkish Foreign Ministry says "the despicable slaughter of three Kurdish Peshmerga has caused a huge public indignation."
Total of 988 PKK members surrendered between 2012 and 2015.