World Bulletin / News Desk
Turkish Prime Minister Recep Tayyip Erdogan said on Monday that Turkey was a model country in regard to economy.
At an opening ceremony in western province of Izmir, Erdogan said that unemployment rate was more than 14 percent earlier, and now the figure decreased to 8 percent.
Erdogan said that when his party came to the power, Turkey's debt to the International Monetary Fund (IMF) was 23.5 billion U.S. dollars, stating that the debt reduced to 1.3 billion USD now.
"We are not holding talks on a stand-by deal with the IMF any more. We are advancing on our path with our own means," he said.
Turkish economy grew by 3.3 percent in the first quarter of 2012 and 2.9 percent in the second quarter of the same year, he said. With these figures, Turkey was a country which caught the highest growth rate together with China among OECD countries, he added.
Erdogan and Davutoglu, who was appointed prime minister last week, have both made clear that their efforts to curb Gulen's influence will continue in their new roles
Amasya MP Mehmet Naci Bostanci is elected ruling AK Party's new parliamentary group deputy chairman.
Turkish Aerospace Industries will deliver last four of modernized F-16 fighters to Pakistan on Tuesday.
Turkey's President Erdogan made his first foreign visit to the Turkish Republic of Northern Cyprus as president on Monday.
The central bank would continue to set monetary policy independently while structural measures would be taken to narrow the current account deficit.
Ali Babacan will retain overall responsibility for the economy in the new cabinet, government spokesman Bulent Arinc said
Monday's newspapers cover German weekly Der Spiegel’s claims on foreign spying on Turkey, Turkish intelligence service’s purchase of a lie detector and ongoing construction works of Turkey’s Eurasia Tunnel Project.
Turkey's president Recep Tayyip Erdogan said he will discuss the issue of spying claims on Turjey with American and German leaders at the upcoming NATO summit and U.N. general assembly.
More than 30 police officials are sought in connection with alleged illegal wiretapping in Istanbul and other cities across Turkey.
These revelations come just one week after it was revealed that Germany had also been spying on fellow NATO-member Turkey.
Erdogan's first week as president will see him visit the Turkish Republic of Northern Cyprus, Azerbaijan and attend a NATO Summit in Wales.
Ali Babacan, and more recently Finance Minister Mehmet Simsek, have been part of a well-respected economics team that has helped steer Turkey through a decade of growth and stability.
Recep Tayyip Erdogan says that Assad's "divisive" administration in Syria has given rise to the Sunni militant group, Islamic State
Turkey's Foreign Ministry says concerned of Russian activity in Ukraine's east, calls on parties to act in common sense
Twenty-thousand Turkish vessels will set sail on Monday as the country's fishing season starts in earnest.
International credit rating agency Moody's downgrades long-term deposit rating of Bank Asya citing deteriorating fundamentals and deposit volatility