Made In Turkey January 2013

Page 1

Study to locate 3rd nuke plant to begin

2013 to be a better year for Turkey

E

A

ttending TGRT News televise program moderated by Batuhan Yasar along with Ihlas Media Group Chairman Nihat Elibol and Kanal 7 TV Representative Mehmet Acet, Turkey’s Development Minister Cevdet Yilmaz reminded that terror had damaged to Turkey’s development, improvement, as well as assigning qualified human resources, making investments in the region in a great deal for 30 years. Page 8

ISSN 1300-2260

Turkish Energy Minister Taner Yıldız

nergy Minister Taner Yıldız says Turkey has already lost much time in picking a partner to build a nucelar power in the Black Sea province of Sinop. The company that wins the contest for Turkey’s second planned nuclear plant will also conduct a study on the location of a third one, Energy Minister Taner Yıldız said. South Korea, one of the bidders along with Japan, Canada and China, is lagging behind, he also said during a meeting with journalists in Ankara.Picking a location for a nuclear plant requires a 1.5 or two years of study, Yıldız said, adding that the country has already lost time choosing the partner to build its second plant in the Black Sea region of Sinop. Page 7

www.img.com.tr

Turkey has turned out to be an island of stability in 2012 T

Euro crisis hits world like WW II

he cost of the ongoing euro area crisis is at the same level with the World War II, or even surpassed it, says Turkey’s Deputy PM Ali Babacan. He warns over large debts of the developed countries T h e

it,” Babacan said at the inauguration of the sixth Turkish Sectoral Economy Council in Ankara. “The growth rates of developing countries are also revised as decreasing, despite the fast growth after the 2009 crisis. It is anticipated to recover the rates after 2016.” Babacan also said that the target for the period of 2013 to 2015 was to increase the growth rate to a new potential level, to battle inflation, to maintain the decrease in current accounts deficit, to raise the employment and domestic savings. Turkey will rank first in growth rate among OECD Turkish Deputy Prime Minister Ali Babacan countries in the 2011 to 2030 period, eurozone crisis cost compares with the according to report of OECD and the financial consequences of the World War country is expected to grow by average II for the globe, Deputy Prime Minister 4.5 percent,” said Babacan. The minisAli Babacan has said. ter also said the government expected to “The debts of developed countries had decrease current accounts deficit to 6.5 not risen this much since World War II. percent of the gross domestic product in The cost of the crisis is at the same level 2015. with the World War II, or even surpassed “Even current account deficit rate reached

10 percent [of the GDP], the stability is continuing. The essential reason of deficit is dependence on energy import.” The decrease in inflation will remain and it is anticipated to decrease to 5 to 6 percent by the end of 2012, Babacan said. The minister also referred to the prime minister’s call on families for three children, by reminding that Turkey has risk of the decrease in young population after 2035. Speaking at the same event, TOBB chairman Rifat Hisarcıkloğlu said Turkey has already surpassed the pre-crisis levels in investments, production, employment and exports. Meanwhile, Central Bank Governor Erdem Başçı announced the 2015 inflation target and growth estimation for 2013 during a press conference. The Central Bank forecasted 2015 inflation target kept unchanged at 5 percent. As this year-end inflation target was forecasted as 5 percent too, the Bank aims to keep inflation around 5 percent for three more years to enable price stability. The inflation rate in 2012 will be announced next week. The Central Bank expects growth over 4 percent for 2013. “This year’s growth was export-led but we anticipate 2013’s growth to be both export

Turkey’s exporters achieve record-high $151.9 bln in 2012 urkish Economy Minister Zafer Caglayan revealed the export figures at a press conference in the Turkish capital of Ankara. Turkey had its largest export earnings in the history of the Turkish Republic with nearly $152 billion in 2012, Minister Caglayan said. The exports rose by 12,6 percent to $152 billion in 2012 over the previous year, the minister said. According to data provided by the Turkish Exporters’ Assembly (TIM), the country gained $11.8 million in exports in December 2012. Page5

Turkey contributes worth $2.3 bn for development abroad

I

n his speech at the 5th Turkish Ambassadors Conference Deputy Prime Minister Bozdag briefed about Turkey assistances, investments abroad, as well as problems of Turkish expats. “Turkey is possibly the only country across the world to extend a helping hand to those in need together with its state resources and private individual donations. Somalia, Myanmar and Pakistan are the best examples for that joint drive. Our country has made development aid worth some $2.63 billion until now,” Bozdag told the meeting as part of a conference of Turkish ambassadors held in the Turkish capital, Ankara. Page 11

and domestic demand-led,” Başçı said. The Bank does not foresee holding daily foreign exchange buying and selling auctions in 2013, according to a note by BCG Partners Chief Economist Özgür Altuğ. “The ongoing export credits, which are some sort of buying auctions from the real sector, will continue in 2013;” he said in a note to investors. A report by the US Congressional Research Service (CRS) this week classified Turkey as one of the “rising economic powers” in the world, citing the country’’s continued economic growth despite a global slowdown. The report, titled “Rising Economic Powers and the Global Economy: Trends and Issues for Congress,” included Turkey among the developing world’’s best performing economies, citing its young population, growing trade volume and robust growth. The report put China, India and Brazil on top of the development list, stating: “While the growth reached practically every region of the world and encompassed dozens of developing countries, a handful of large developing countries -- led by China, India and Brazil -- accounted for a major share of the global growth. Page 5

Turkish Minister of Finance Mehmet Simsek

Turkish parliament passes Budget Law for 2013

T

urkish parliament passed law on the Turkish Central Management Budget for 2013. Turkish parliament adopted a law on the Turkish Central Management Budget for 2013. According to the law, central management budget expenses (except shares of Treasury and income) are envisaged worth 403.9 billion Turkish Lira, while income is foreseen as 370 billion TL. The law targets the ratio of total budget expenses to gross domestic product as 25.7 percent. Page 8

Rhythmic diplomacy for Izmir’s EXPO’20 candidacy

T

T

Turkish Economy Minister Zafer Caglayan

January 2013 Year: 12 No: 124

Turkish Foreign Minister Ahmet Davutoglu

urkish Foreign Minister Ahmet Davutoglu said that they extended full support to the western province of Izmir’s candidacy to achieve EXPO 2020. Turkish Foreign Minister Ahmet Davutoglu told his remarks about EXPO 2020 at a press conference held regarding the Fifth Ambassador Conference in the western

province of Izmir. Izmir Governor Cahit Kirac hosted a banquet in honor of Davutoglu, Swedish Foreign Minister Carl Bildt and the ambassadors who attended the Fifth Ambassadors Conference.Davutoglu said they fully supported the candidacy of Izmir, featuring as an economic and cultural center of its region, asking Turkish ambassadors to

exert efforts on Izmir’s EXPO 2020 candidacy in countries where they are serving. Turkey’s Foreign Minister Davutoglu reminded that they had hosted Swedish FM Carl Bildt and Brazilian FM Antonio Patriota, adding that they, as three ministers, made a decision to maintain negotiations by setting up a consultative mechanism. Page8

2013: A year for giant projects

TÜSİAD head urges fair price for energy bill

he year 2013 will be a year for giant projects, this year 102 new projects will be launched, 434 projects’ construc- Turkish Minister of Transport tion will continue, 111 projects Binali Yıldırım to be completed and enter into service, Binali Yildirim, Minister of Transport, Maritime and Communication, said. Minister Yildirim said they have been maintaining the activities to accomplish Turkey’s infrastructure and superstructure works in terms of transport and accession in high quality and comfort since 2003 to date. “Within 10 years, we invested worth a total of 140 billion TL for the transport, maritime and communication services. Page 7

mit Boyner attends the presentation of World Energy Outlook 2012, urging on reasonable energy prices to improve competititveness. High quality energy sources should be provided at reasonable prices and used efficiently in order to improve the competitiveness of sectors, the president of the Turkish Industrial and Business Association (TÜSİAD) president said. “Turkey ranked top among OECD countries in terms of the fastest growing demand of energy in the last ten years, although it is ranked 21st in primary energy consumption,” said Ümit Boyner TUSIAD Chairwoman at the presentation of World Energy Outlook 2012 Umit Boyner Page 7 report in Istanbul.

T

Ü


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.