Economic boom at the Bosporus- Bild

German daily Bild praised Turkey's economic performance, said Turkey has long survived on credits from IMF and the World Bank but the country had made tough reforms

Economic boom at the Bosporus- Bild

World Bulletin/News Desk

Germany's high-circulation newspaper Bild has praised Turkey and the country's economy in an article posted on its website on Sunday.      

The Bild article said that the international credit rating agency Moody's recently raised Turkey to 'investment grade' and that the World Bank projections expected 2013 growth in Turkey to stand around 4 percent.      

The article underlined that Istanbul was also a candidate for the 2020 Olympic Games, and that the number of foreign firms in Turkey continued to rise.      

It said Turkey's exports increased by 14 percent since the beginning of 2013.      

Bild said Turkey has long survived on credits from IMF and the World Bank but the country had made tough reforms, and it succeeded capitalizing on the global financial crisis.      

The daily said since it came into power in 2002, the ruling Justice and Development (AK) Party had made serious reforms also in the social system and the financial sector.  

Last Mod: 20 Mayıs 2013, 12:10
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