Macroeconomic situation in Turkey has become more stable after 2012 but there are still some structural problems that need to be addressed, World Bank Turkey director Martin Raiser told CNBC-e. Turkey needs more foreign direct investments and in order to attract more FDI, more structural reforms should be implemented, Raiser asserted. The World Bank urges private-public partnerships to solve especially infrastructural problems, Raiser added. Raiser does not expect any significant problems on the public finances front in 2013 and he reiterated that the World Bank anticipates a stronger growth for the Turkish economy this year, forecasting a 4% GDP expansion. |
The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more
The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more
US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more