World Bulletin / News Desk
Speaking at a joint news conference in Berlin on Monday, Albayrak voiced hope for a new era in relations after Chancellor Angela Merkel formed a new coalition government last month.
“For Turkey, Germany is a very important, indispensable partner,” he said.
“As the new government took office in Germany, Turkey aims to foster a new era in relations, which would be more realistic, more rational, and benefiting both countries.”
Albayrak expressed hope that Turkey and Germany would further enhance their cooperation in economy, trade and energy sectors.
Altmaier, a close ally of Merkel, underlined the importance of closer cooperation between both countries at a time of growing uncertainty in the Middle East.
“Minister Albayrak and I agreed to deepen our cooperation,” he said and highlighted great opportunities for both countries in areas of environmental policy, climate protection, and renewable energy.
Altmaier announced the Turkey-Germany Energy Forum, a major gathering of energy companies from both countries, will convene in the coming months.
Political relations between Ankara and Berlin suffered several setbacks in recent years, but both sides took steps in the recent month towards normalization of ties.
EU heavyweight Germany is Turkey’s main economic and trade partner. In 2017, the bilateral trade volume reached €37.6 billion ($46.5 billion). Around 7,150 German companies are currently active in Turkey.
Turkish economy minister says growth will 'most likely' surpass 7 percent in first quarter of 2018
Net profit at the Frankfurt-based group fell 79 percent year-on-year to 120 million euros ($146 million).
BIST 100 index falls by over 2 percent at close, going down some 2,600 points from previous close
Policy rate, also known as one-week repo rate, remains same at 8 percent; lending rate rises 0.75 percent points
BIST 100 increases 0.29 percent; US dollar/Turkish lira exchange rate stands at 4.0850
Local units operating in manufacturing industry work at 77.3 pct capacity in April, says Central Bank
Public sector net borrowing falls by 3.5 billion pounds in 2017-18 financial year, says Office of National Statistics
Indices for service, retail trade, construction sectors fall in current month compared with March: Official data
Data monitoring company IHS Markit also flagged a slight slowdown in France, where strikes were interrupting a resurgent boom on the back of government reforms.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.