International Real Estate and Luxury Property Developers
Navigation : IPD
 
Translate this page:
 
Property News Desk 2010:
Turkey will grow more in 2011
Nakheel - DUBAI, United Arab Emirates
UK House Prices Drop
CREA Votes
Turkey's Growth
Carlos Slim Buys in New York
 
 

Erdogan says Turkey will grow more in 2011

 

Turkey's prime minister said on Friday 10th of December 2010 that the year 2011 would be a year in which there would be more economic progress.

"The national income per capita has risen to 10,000 USD, and 2011 will be a year in which all these developments will continue to increase," Erdogan told provincial chairmen of his Justice & Development (AK) Party in Ankara.

Erdogan also expressed his belief that the AK Party would continue to rule the country after the general elections in June 2011.

Prime Minister Erdogan's remarks came after Turkish statistical authority, TurkStat, announced the growth rate in Q3 of 2010.

According to the statistical authority, Turkey grew 5.5 percent year-on-year in Q3 of 2010, and the Gross Domestic Product was calculated as 298.89 billion TL ($197.113 billion) in current prices, marking a 13.6% year-on-year rise.

Turkish economy grew at 8.9 percent year-on-year in the three quarters (Q1+Q2+Q3) of 2010, as the GDP in the mean term reached 808.192 billion TL ($531.979 billion).

Turkish PM hails growing Syria links, concerned with Israel settlements

Prime Minister Recep Tayyip Erdogan has praised expanding strategic cooperation with neighbouring Syria, saying it helps the national economies of the two countries prosper.

Erdo?an, speaking in an interview with Syrian news agency SANA, said Turkey and Syria were working together to remove Cold War-era obstacles that until the last few years stood in the way of closer ties between the two nations, which lived in peace for centuries, thus putting “history back on its right course.”

Erdo?an was speaking prior to a meeting of the High-Level Strategic Council, which began late on Monday in Ankara. The two-day gathering of Turkish and Syrian ministers is the second such meeting, the first having been held in December 2009. Twelve ministers from the Turkish side and 13 from the Syrian side are participating in the talks, as well as the prime ministers. Syrian Prime Minister Naji Otri was due to meet with Erdo?an at a dinner on Monday as part of the high-level meetings.

Erdogan said the High-Level Strategic Council helped to establish a solid base for Turkish-Syrian ties to flourish. He also praised Syrian President Bashar al-Assad, saying his long-term strategic vision played a significant role in bringing about the rapid progress in Syria's ties with Turkey.

Syria under Assad's rule and Turkey under the ruling Justice and Development Party (AK Party) have taken radical steps to bury past enmities and build mutual cooperation since the early 2000s.

Since then, the two countries have intensified security cooperation and political contacts, coordinated their stance on regional issues such as the situations in Iraq and Lebanon, expanded trade and business ties, established committees to work on the problematic water-sharing issue and abolished visas.

Erdogan said a joint technical committee was still working on plans to build a dam on the Orontes (Assi in Turkish) River, which originates in Lebanon and passes through Syria before reaching Turkey. The committee is also working on ways to increase the amount of water and electricity Turkey supplies to Syria, Erdo?an said. The two countries are involved in a project to connect their national natural gas networks as well. Erdogan said it would be completed by the end of 2011.

Erdogan also said tourism between the two countries has developed remarkably in recent years, adding that over 10 months of 2010, around one-and-a-half million Turkish tourists visited Syria, while up to 1 million Syrian tourists visited Turkey.

Bilateral trade has also increased, reaching $2.1 billion for the first 10 months of 2010, up from $1.4 billion last year. Syrian exports to Turkey rose from $283 million last year to $602 million over the first 10 months of this year.

In addition to their bilateral cooperation, Turkey and Syria also signed a four-way agreement with Jordan and Lebanon to eventually create a free trade zone. In remarks published in Turkish media on Monday, President Assad said a visa-free travel zone could be created in the Middle East, similar to the Schengen area in Europe.

Concerning Turkey-EU relations, the Turkish prime minister said there were broad, comprehensive and dynamic relations between the two sides that constantly evolved in all political, economic and cultural fields.

Noting that Turkey had been fulfilling its duties and responsibilities in its EU membership talks, Erdogan said negotiations did not proceed as fast as they should due to obstacles placed by some member countries.

Regarding Cyprus issue, Erdogan noted that Turkey supported of all efforts exerted to find a comprehensive solution to the matter.

 

Erdogan, Turkey, growth, 2011

 
 
 
 
 
 
 
Retirement Communities
 
Contact IPD
 
 
© IPD Property Group | 2003 - 2012 | Disclaimer | Legal | Privacy Policy | Site last updated 5/19/2012
Bookmark and Share
Follow IPD